Walmart In America Research Paper

Jenny(包君英)

Mrs. Cary Ann Vincent

Applied English 131

12 June 2015

Research Project

General Topic: Economic in America

Restricted: Wal-Mart stores in America

More Restricted: Wal-Mart stores impact the America economic

Topic Chosen: Why Wal-Mart Stores Affect Local Economies so Successfully?

Outline

I.Introduction

a)With the development of the world economy, retailing industry has played a growth outstanding role in the economic. Wal-Mart, which is almost a household name in the world, its success is not absolutely accidental.

b)This article consisting of three parts, first is some basic information about Wal-Mart, second is analyzing reasons for its success, last is summary and points.

II.Topic

a)The background of Wal-Mart

i.Basic

1. Background of Wal-Mart Wal-Mart is an American multinational retail corporation. It was founded by Sam Walton in 1962, Headquarter in Bentonville, Arkansas, United States. After more than 50 years ' development, Wal-Mart has already beat k-Mart (K-Mart is a company filed for bankruptcy in 2002, and it was one of the leading retail giant.) and become the United State’s largest private employer and largest retail chain in the world.

The company was listed on the New York Stock Exchange in 1972. In the late 1980s and early 1990s, the company rose from a regional to a national giant. By 1988, Walmart was the most profitable retailer in the U.S. and by October 1989, it had become the largest in terms of revenue.1

Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in 2014, as well as the biggest private employer in the world with 2.2 million employees. Walmart is a family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through their holding company, Walton Enterprises, and through their individual holdings. It is also one of the world's most valuable companies by market value, and is also the largest grocery retailer in the U.S. In 2009, it generated 51 percent of its US$258 billion (equivalent to $284 billion in 2015) sales in the U.S. from its grocery

In the early 1980 of the 20th century, Wal-Mart was working with Hughes launched an artificial satellite. The company has invested nearly $ 700 million and built a company-wide computer and satellite communications systems. Benefits of using new technology lies in its ability to achieve uniform distribution on a global scale, through a global network can check each item of inventory, shelves, sales inventory within an hour. Therefore, in the Wal-Mart retail stores, the situation of out of stock is impossible. Corporate headquarters and branches around the world and contact each retailer through a common computer system and it means from a store can get a Wal-Mart customer data and information located around the world. Science and technology provide a powerful guarantee for Wal-Mart leading the