We, the students of Group 9, Section D, declare that this report is our own work and has not been submitted in any form to any institution for assessment or other purpose. Information derived from published and unpublished work of others has been acknowledged in the…show more content… is the world's largest retailer with $466 billion in sales for the 2012 fiscal year. Walmart Stores Inc. includes Walmart Supercenters, discount stores, Neighborhood Markets and SAM'S Club warehouses. Walmart employs more than 2.1 million associates from under 60 different banners in the United States, Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the UK. In 2007, Walmart became No. 1 on the Fortune 500 List and in 2003 and 2004 Walmart was named 'Most Admired Company in America' by Fortune Magazine.
Walmart grew from quiet beginnings in Sam M. Walton's Ben Franklin variety store in Newport, Arkansas in 1945 and brother James L. Walton's similar store in Versailles, Missouri in 1946. In 1962, Sam Walton started Walmart's first discount store, but faced stiff competition from Kmart and Target, opening only another 14 stores by the close of the decade. Expansion became rapid in the 70s, however, to 276 stores in 11 states, when a public offering provided the necessary capital infusion. By the 80s Walmart was one of the most successful retailers in America. Annual sales grew from $1 billion in 1980 to $26 billion by 1989. The company acquired 122 Woolco stores from Woolworth, Canada in 1994, to become, three years later, the largest volume discount retailer in Canada and Mexico. By 2002, acquisitions in Germany, Brazil and South Korea had enabled Walmart to become the world's…show more content… Scale of operations
The strong market position is the main strength of Wal-Mart with more than $400 billion revenue and almost 11,000 stores worldwide and consumer’s trust that differentiate Walmart from its competitors. Walmart can also achieve higher profit because of its huge size and it has a strong buyer power on suppliers to trim down the costs as compared to competitors
Competence in information systems
The one reason of Walmart’s success is its Supply Chain and Logistics brand-secondary'>management. The company is saving significant cost by using its information system properly that managed inventory level, orders, sales and other information. Any information can be easily accessible at each store at any