Wal-Mart

(redirected from Wal-Mart Supercentre)

Wal-Mart

A very large discount retail store chain. Wal-Mart is one of the largest corporations in the world. The first Wal-Mart was established in 1962. It was one of the first companies to practice the just-in-time supply chain management system in order to reduce costs to a minimum. Wal-Mart's founder, Sam Walton, was one of the first retailers to always buy from the lowest priced wholesaler; this drove sales higher, which allowed Wal-Mart to negotiate still lower prices from wholesalers. This practice, while controversial, became a staple of Wal-Mart. It is based in Bentonville, Arkansas.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
SHOPLIFTING WARNING Shoppers entering a Wal-Mart Supercentre in Alabama got a reminder not to try anything funny: Two shoplifters stood outside with signs reading "I am a thief, I stole from Wal-Mart." Attalla City Judge Kenneth Robertson Jr ordered the two people to wear the signs for four hours each during two successive Saturdays.
The 93,000-square-foot ASDA Wal-Mart Supercentre in Bristol was a runaway success the week before its official opening July 24, when 50,000 shoppers descended on the new store--nearly double the average number of visitors to the former ASDA hypermarket.
The next two ASDA Wal-Mart supercentres will open in October--one in Sutton, Coldfield in the Midlands, the other in Havant, Hampshire.
The opening last summer of the ASDA Wal-Mart Supercentre in Patchway, Bristol, England, was a ground-breaking event for the chain in terms of its plans for global expansion.
Allan Leighton, chief executive officer and president of Wal-Mart Europe, says of the ASDA Wal-Mart Supercentre, "This is the most exciting store in Britain.
For the first time, all 12 of its Asda Wal-Mart supercentres generated more than pounds 3 million in sales each during the period.
Sofar this year,around 300 staffhavebeen taken on in Wigan and Sheffieldfollowing the transformation of existing stores into Asda Wal-Mart supercentres.
An Asda spokesman said the increase was a "low double-digit figure," adding that their six new Wal-Mart Supercentres notched up around pounds 30million between them in the 12 days before Christmas.
The retailer will have 13 Asda Wal-Mart Supercentres up and running by the end of the year, including one of its largest stores, in Eastlands, Manchester.
The jobs - both full and part-time - are part of Wal-Mart's plan to roll out 10 new-style Asda Wal-Mart supercentres. The first of these opened yesterday in Bristol.