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The founder of Wal- Mart Stores is Sam Walton 9in 1962. This corporation is the largest retailer in the world and was formerly the largest company on the basis of revenue in the year 2004. Wal mart retails its products through departmental stores and basically the products re non-grocery. However off late the focus has been shifted to super centers that include a lot of grocery.
There is also a Sam’s superstore that is operated by Wal- mart, where the customers pay an annual fee to enjoy the leisure of shopping. Wal- Mart also has a stake of 42% in a Japanese firm the Seiyu Co. Ltd. The stakes in this firm are proposed to e increased to 50% in 2006.
September 2005 saw Wal- Mart acquiring 33.3% share of the Central American Retail Holding Company and consequently in March the holdings were increased to 51%. There are also over 1156 Wal- mart discount stores in the United States. Wal- Mart has been criticized by socialists as incorporating the evils of capitalism and cutting the costs and providing the goods at competitive prices.
Wal- Mart super centers covering an approximate area of 175000 to 225000 sq ft of area have everything that the discount stores have and apart from that they also have a full line super market. It also has facilities like an optical center, personal finance center, Movie gallery, a cell phone store and many more such places to make your experience of coming to Wal- mart wholesome.
Past projects of Wal- Mart have been dot Discount Drugs, Bud’s discount city and Save-co Home improvement stores. The trading of the Wal- Mart stock is publicly traded on the New York Stock Exchange under the symbol of WMT.
Ever since Wal- mart has moved into the line of grocery products its main competitors have been HEB, Kroger, Albertsons, and Giant Eagle etc. Although there are some ‘dollar stores’ like Family Dollar and Dollar General which have competed with Wal-Mart successfully in consumer sales.
Offers like ‘clearance savings’ serve as great opportunities for the shoppers and hence should be availed to the fullest. Further, you can get as many prints of your sweetest memories by availing the offers like “photo prints at 12 ¢”.
For all those who like to shop on the net here is a never before opportunity and it can’t get any cheaper. An offer of owning 3 MP digital cameras for a price of just 4.84 is a scream of a bargain. So for all you shopaholics Wal – Mart is the place to be.
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