Wal-Mart Essay

2105 WordsApr 9, 20089 Pages
In 1962, Sam Walton founded Wal-Mart, which, over the next 4 decades, would become one of the world’s largest companies and the largest retailer in history. Wal-Mart is the greatest private employer in the United States, Mexico and Canada and dominates the worldwide market in many different aspects. Wal-Mart offers a wide range of products at almost unbelievably discounted prices that are significantly lower than the local competition. The competition includes K-mart, Best Buy and Target to name a few, along with countless other stores around the country. Wal-Mart even offers groceries at their “Supercenter” locations, which have allowed them to become the largest grocery chain in the United States, possessing 14 percent of all grocery sales in America. The ways in which Sam Walton and his corporation have become successful have been criticized by many over the years, including trade unions, environmentalists, and small businesses. These organizations claim that Wal-Mart is not regulated enough by the government, that they mistreat their employees, and that their extreme low prices damage the economy by destroying small businesses, for Wal-Mart is able to drive their prices down much lower than their competition. Supporters of Wal-Mart argue that the company is beneficial for the economy, as it provides over a million jobs to Americans and many more jobs internationally, as well as provide low-income shoppers with low priced, affordable products. Because of the ways in which Wal-Mart treats its employees, as well as the detrimental effects Wal-Mart has on competing businesses, it can be affirmed that Wal-Mart should be more closely regulated and monitored by the government. As of January of 2005, Wal-Mart employed 1.3 million Americans, which makes it the largest employer in the United States. There are many critics of Wal-Mart that disagree with Wal-Mart’s

More about Wal-Mart Essay

Open Document