Wednesday, May 20, 2009

Introduction


Wal-mart serves customers in 15 different countries and has more than 7,800 retail stores. Wal-mart has more than 2.1 million employees worldwide. Wal-mart has been guides in maintaining a well manage worldwide organization. This fiscal year they made 401 billion dollars in sales. They have been guides in the desire of benefiting humanity as a whole and giving people employment opportunity. They are ranked #1 in the 2009 Fortune Magazine as Most Admired Companies survey.

The first Wal-mart was located in Rogers, Arkansas and it was established in 1962. They became a corporation on Oct.31, 1969 as Wal-mart Stores Inc. This organization’s shares started trading on the over the counter markets in 1970 and two years later was listed on the New York Stock Exchange. In a decade Wal-mart grew tremendously by expanding to 11 different states with 276 stores. In 1983, Wal-mart set off its first Sam’s Club membership warehouse. In 1988 they launched the first supercenter. Now they present a complete grocery with general merchandise, which has showed as an ascendant design. In 1991, Wal-mart became an international company.

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