Wal-Mart Essay

2595 WordsMar 27, 201211 Pages
Course Project Horace Clarington 6215 Mathews Dr. Lithonia, GA, 30058 (404) 202-1710 Hclarington@hotmail.com GM591 Leadership and Organizational Behavior Mar11 Sec Ac Professor Jere Ferguson 4/8/11 Wal-Mart is an American public multinational corporation that runs a chain of large discount department stores and a chain of warehouse stores. In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. Wal-Mart, headquartered in Bentonville, Arkansas, is the largest majority private employer and the largest grocery retailer in the United States. In 2009, it generated 51% of its US $258 billion sales in the U.S. from grocery business. It also owns and operates the Sam's Club retail warehouses in North America. Wal-Mart has 8,500 stores in 15 countries, with 55 different names. The company operates under its own name in the United States, including the 50 states. It also operates under its own name in Puerto Rico. Wal-Mart itself has not produced the same results in different countries. With Wal-Mart's investments outside North America having mixed results its operations in the United Kingdom, South America and China have been highly successful, while it was forced to pull out of Germany and South Korea when ventures there were unsuccessful. As Wal-Mart grew rapidly into the world's largest corporation, many critics worried about the effect of its stores on local communities, particularly small towns with many "mom and pop" stores. There have been several studies on the economic impact of Wal-Mart on small towns and local businesses, jobs, and taxpayers. It has been recorded in reading many articles about small towns

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