Essay On The History Of Walmart

explanatory Essay
736 words
736 words

The history of Walmart This article is going to tackle the history of one of the largest multinational retailer with more than 8500 stores all over the world, “Walmart”. Walmart now employs more than 2.1 million people, and more than 200 million customers visit their stores every week. What you probably don’t know is that less than 50 years ago, Walmart was just but a small discount store. So Buckle up and let’s get started on the history of Walmart, It was in the year 1962 and Sam Walton had just been denied a chance to experiment on his franchises by the Butler brothers. Disappointed Sam Walton then decided to open a small discount store in Rogers, Arkansas which would come to be known as the first Walmart store. Sam Walton …show more content…

On the first day of the company, more than 80,000 people shopped at the store. In the year 2000, 20 year old Lee H. Scott was named to succeed Mr. David Glass. Lee H. Scott was a low profile Walmart veteran and logistics expert. He continued to build Walmart stores both domestically and internationally. A year after Lee H. Scott taking over, Walmart was named as the largest food retailer in the United States with a grocery sales of $56 billion. From October 2003-february 2004, around 70,000 combined employees from three southern California grocery stores went on strike for a period of 4 months to object on reduction in health care costs and other employee benefits. By the year 2004, Walmart had branches in nine different countries, 11 stores in Argentina, 15 stores in Brazil, 235 stores in Canada, 34 stores in china, 92 stores in Germany, japan, 15 stores in South Korea, 623 in Mexico and 267 in the U.K. In June 2014, a federal judge from San Francisco ruled a gender discrimination suit against Walmart, the suit claims that female employees from Walmart are paid less compared to male

In this essay, the author

  • Explains that walmart employs 2.1 million people and more than 200 million customers visit their stores every week. walmart was just a small discount store less than 50 years ago.
  • Recounts how sam walton was denied a chance to experiment on his franchises by the butler brothers, so he decided to open the first walmart store in rogers, arkansas.
  • Explains that sam walton believed in selling higher volumes of products at lower profits making him gain only a little profit from his sales.
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