...Background Information on Targeting Company, Walmart Stores Incorporated Analytical Report Enclosed is the report about the background of the company, Walmart Stores Incorporated, chosen to solicit and the services that Kelly Services provides, which you requested on May 25, 2012. Walmart Stores Incorporated is one of the largest grossing companies in the nation, focusing on stocking a large supplies of various products and concentrating on low prices. Kelly Services would be a part of the national market that Walmart is a part of. Walmart Stores Incorporated is known for its dedication and being one of the largest distributors of a variety of goods, groceries, appliances, electronics, hardware and software at competitive prices. Sam Walton founded Walmart Stores Incorporated in 1962 and publicly traded on the New York Stock Exchange in 1972. Although Walmart Stores Incorporated is a large company, Kelly Services is an industry variety company that can successfully provide experienced and well trained sales, technical, and service resources. Walmart is recognized as one of the most competitive and giving corporations in the nation, donating billions of dollars each year to various charities and schools, in 2006, walmart forwarded 295.2 billion, according to Giving USA. Walmart Stores Incorporated is involved in a variety of markets that would benefit both Kelly and Walmart Stores Incorporated. With Kelly Services providing the most professional...
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...Financial Analysis of Target & Walmart Corporation Columbia College ABSTRACT This paper is a brief background and historical overview as well as financial analysis of Walmart and Target public incorporated companies operating in the retail industry. The financial analysis of both companies using current ratio, net income margin on sales and book value per share reflect relative stable companies with strong balance sheet and low exposure to equity investment risk. Although both companies appear to be fundamentally strong and stable, however, Target seems to be better than Walmart in the context of profitability, liquidity and equity risk exposure as reflected in the calculations. Between 2009 and 2013, Target consistently outperformed Walmart in terms of liquidity position, profitability as well as risk coverage measured by book value per share. INTRODUCTION Walmart is a well-known in the industry when it comes to retail business across the globe. It operates many retail stores in various formats around globally. The company was founded by ”Sam Walton in 1962, incorporated on October 31, 1969, and started trading as public quoted company on the New York Stock Exchange in 1972, and it currently has 30% market share in the America retail industry” (Reuters). It is headquartered in Bentonville, Arkansas. Two of their fundamental operating principles are Everyday Low Cost (EDLC) and Everyday Low Price (EDLP). These two principles allowed the company to build a foundation...
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...Walmart Case Study Case study Questions and Answers: 1- Examine the development of Wal-Mart over its 40 year history. It is now nearly half a century since Walmart exists. From humble beginnings in the 1960s in Arkansas to the world’s leading retailer, Walmart has come a long way to its success. Starting domestically in Arkansas, it was dedicated to its principals; genuine customer courtesy, a culture of respect for the individual and everyday low prices. In the 1960s, Sam Walton, the founder of Walmart, started his business with a strong foundation which is providing everything to customers with low prices they can afford. From that time forward, Walmart kept its low price strategy and in return it became bigger and bigger. The company at this decade reached $ 12.7 million in sales and was incorporated as Wal-Mart stores, Inc. In the 1970s, the most appealing development in this decade was listing the company on the New York Stock Exchange (WMT). Also at that time, Walmart was growing nationally. In the 1980s, Walmart decided to take the lead among other businesses. The first Sam’s club opened to serve individuals and small businesses, the first supercentre opened in Washington that combines a supermarket with a general merchandise in order to provide one-stop shopping experience. We can say that the 80s in Walmart history was aiming to make things easier for its customers. That was clear when Walmart installed the biggest private satellite communication system in the...
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...1-Wal-Mart history and Introduction The first Wal-Mart was opened in Rogers, Arkansas, in 1962. By 1969 it was incorporated into Wal-Mart Stores, Inc., and in 1972 went public on the New York Stock Exchange. The company grew steadily across the United States, and by 1990 was the nation's largest retailer. In 1991 and 1994, Wal-Mart moved into Mexico and Canada respectively. By 1997 it was incorporated into the Dow Jones Industrial Average. As of 2005, Wal-Mart has stores in the United Kingdom, and Puerto Rico, and brings in revenue of close to 300 billion dollars a year. In 2006, Wal-Mart invaded the China and India's markets. During the last two decades, Wal-Mart has been able to take advantage of the rise of information technology and the explosion of the global economy to change the balance of power in the business world (Wikipedia, 2006). Today Wal-Mart continues to grow and their success is not only from their sound strategic management planning but also from its implementation of those strategic plans. In other words operational planning has been an important key to their success. 2-Wal-Mart Strategy Once plans have been developed, an organization must address how management will be accomplishing be those plans. This involves operational plans that must flow from strategy; specify resource, time issues, and commitment of human resources. Operational plans at the lower - levels of the organization, have a shorter time horizon, and are narrower in scope (Bateman...
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...Course Date Walmart can be clearly said to be one of the largest retail chain store in the United States. It was established in 1962 by Sam Walton and was incorporated in 1969.Walmart has over 11,000 stores in over twenty countries under a total of sixty five banners. Walmart happens to be the world largest company in terms of revenue as per the findings of Fortune Global 500 list in 2014.It has an employment workforce of an estimated 2,000,000.It is a family-run business owned by the Walton family. The benefactors of Sam Walton hold over 50% of Walmart share through their holdings. Walmart is also recognized the world largest retailer of groceries in the States where they made slightly over 250 Billion dollars in 2009 through their grocery sales. Walmart got its shares listed on the New York Stock Exchange in 1972.The company steadily climbed the retail store ladder to emerge as a retail guru in the United States The company operates under the Walmart name in the U.S and their branches in Canada. It operates under the name Asda in the U.k. Walmart also operates a considerable number of warehouses and department stores in almost all parts of North America. One of the aspects that has contributed to the great success of Walmart is through the diversification of their services. This can be seen through the establishment of Walmart Express which is a chain of smaller retail stores which is focused on much smaller towns which cannot accommodate large stores. Walmart being based...
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...Management Theory, Practice, and Application MGT/330 January 30, 2012 The Organizing Function of Management at Walmart The organizing functions of management relates to many organizational resources. Knowledge and technology are the two that I chose to focus on. Knowledge as an aspect of organizing functions of management is concerned with intense acquiring then gathering information and later on using the information correctly. Technology, on the other hand, is critical in todays fast evolving and rapidly changing technological society. Walmart is a business enterprise that has developed efficiency in utilizing these two organizing functions; knowledge and technology. Walmart has integrated knowledge on a vast variety of many topics as part of their corporation. In the recent years, ethnical diversity has adjusted almost perfectly in the workplace. Knowledge of this diversity is essential in maintaining a harmonious work environment. This environment creates success and creativity among the employees. Ethnics ensure that work related skills are incorporated from various perspectives therefore diversity ensures that creativity is enhanced (Bateman & Snell, 2009). Due to difference in managerial skills, managers will be in a better position to execute the best strategies to ensure that fewer conflicts are experienced due to misunderstandings on racial or cultural basis. Language barriers between individuals of different backgrounds are avoided by the proper use...
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...Walmart Organizational Management Name Institution Affiliation Organizational Context Wal-Mart Stores Inc. or Walmart is a multinational retail organization that has numerous chains of large discount warehouse and general stores. The company was formed in 1962 by Sam Walton as a family-owned business. It was incorporated in 1969 and traded on the Stock Exchange of New York publicly in 1972. Since then this organization has grown strength to strength winning various accolades. In 1988, it was ranked as the most profitable retail business in America outselling competitors such as K-Mart and Sears in the retail business (Fishman, 2006). It was founded on Sam Walton’s quest for providing goods and services at relatively low or discounted prices. The Walmart principles have been hinged on cost-cutting while at the same retailing goods at consumer-friendly prices. The organization too, has been hailed for its global standard efficiency and business innovations. It was one of the first corporations that integrated use of computers in its operations in all its branches. The mission statement reflects on the founder’s business model of passing savings to his clientele and amassing profits through volume sales. This principle has made consumers feel more welcome and their needs taken care of over the years. The cost-cutting initiatives embraced by the company operations have been as a result of this old age philosophy Walmart has spread its wings world over opening up over 8...
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...opportunities and threats the company faces. Wal-Mart History Sam Walton was a man who believed in leadership through service. After gaining experience in retail through his own small variety store Sam Walton open the first Wal-Mart in 1962 in Rogers, Arkansas (Walmart, 2012). Within five years Sam Walton and his wife owned 24 stores, ringing up $12.7 million in sales (Walmart, 2012). Two years later the Walmart stores Inc was officially incorporated. In 1970 Walmart became a publicly traded company, 1971 the first distribution center was opened, and in 1972 Walmart was listed on the New York Stock Exchange with 51 stores and sales of $78 million (Walmart, 2012). In the 80s the first Sam’s Club opened, the first Walmart super center opened, cash registers were replaced with computerized point–of–sale systems, and the company installed the largest private satellite communication system in the United States, linking the company's operations through voice, data, and video communication (Walmart, 2012). In the 90s Walmart reaches $1 billion dollar a week in sales and expands internationally to Mexico City, Canada, China, and the United Kingdom. In 2002 Walmart topped the Fortune 500 ranking of America's largest companies and entered the Japanese market (Walmart, 2012). In 2005 Walmart contributes relief in the form of products and...
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...ID : 863621 Case study. WAL-MART Store, Inc. I. Summary. 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. It is headquartered in Bentonville, Arkansas. Wal-Mart is also 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.[4] It also owns and operates the Sam's Club retail warehouses in North America. Walmart has 8,500 stores in 15 countries, under 55 different names. The company operates under its own name in the United States, including the 50 states and Puerto Rico. It operates in Mexico as Walmex, in the United Kingdom as Asda, in Japan as Seiyu, and in India as Best Price. It has wholly owned operations in Argentina, Brazil, and Canada. Walmart's investments outside North America have had mixed results: its operations in the United Kingdom, South America and China are highly successful, whereas ventures in Germany and South Korea were unsuccessful. Wal-Mart is one of the world’s leading retailers, but there are many competitions with other retailers such as: Target, Kmart and convenience stores. But the strategy of Walmart is lower prices, better variety and good quality, it’s one of the factors to satisfy customer needs. Customer is the most important factor for success of the company. II. Question. 1. Should Walmart sell more food products to compete...
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...HISTORY & BACKGROUND Founder of Walmart Sam Walton graduated from University of Missouri in 1940 with a degree in Economics. He wanted to capitalize on his work experience in retail. Sam had an idea to bring a different type of economical approach to the retail industry. Sam and his brother J.L. Walton owned nine Ben Franklin stores. They went to Ben Franklin store owners with the approach of reducing prices to increase sells and were turned away. In 1962, the brothers decided break away and opened their own store in Rogers, Arkansas which was the start of the first Wal-Mart Discount City store. Their approach was to open stores in populations with 5000 to 25000 people. By the late 1960’s the Walton brothers has 18 discount stores and 15 Ben Franklin franchises which became incorporated in Wal-Mart Stores, Inc. (Tell me the history of Wal-Mart). During the 1970’s the Walton’s incorporated many changes to how they do business which laid the foundation to cut cost to gain more control. They implemented a warehouse distribution strategy of constructing their own warehouses so they can buy merchandise in great volume, and positioned its stores 200 square miles from each distribution point. By 1977, Forbes had Wal-Mart ranked #1 in return of equity, return on capital, sales growth, and earnings growth over all other discount and variety stores (Tell me the history of Wal-Mart). Wal-Mart’s continued expanding and in 1978, its stores included a pharmacy, auto service center...
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...marketing mix. The paper will describe how each of the four elements of the marketing mix impacting the organization’s development in marketing strategy and tactics. The paper, based on the marketing mix will describe the implementation of each element. The History of Walmart and the four P’s of the marketing mix In 1962, San Walton became the founder of Walmart, and opened the company’s first discount store in Rogers, Arkansan. In 1968, the first full-time pilot was hired; who provided help to Sam was well as the opening of the first stores in Sikeston, Montana, and Claremore, Oklahoma. The first company officially incorporated Walmart stores Inc. on October 31, 1969 (Walmart Timeline, n.d). Walmart serves customers and members more than 200 million times per week at more than 10,020 retail units under 60 different banners in 28 countries. With fiscal year 2010 sales of $405 billion, Walmart employs 2.2 million associates worldwide (Walmart, n.d). Walmart has also been able to build different stores around the United States. Walmart has opened many stores around the country where consumers can shop. Some of these are the Walmart Discount stores, Walmart Supercenter, Walmart Neighborhood Markets, and Walmart Express Stores. Throughout the...
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...Walmart-Bharti Retail Alliance in India: The Best Way Forward? ABSTRACT: India had become an alluring destination for the foreign retailers and Indian conglomerates alike. While large Indian conglomerates easily start their own retailing arm, lack of expertise and supply chain woes trouble them continuously. Moreover, most of the domestic players need much funding for their operations and expansion. The only solution is allowing Foreign Direct Investment (FDI) in the retail sector. But, India's strict regulations against allowing FDI in retail sector prevent the entry of the foreign retailers to the country. However, with recent developments, 100% FDI is allowed in wholesale cash and carry business and many of the global retailers are finding an opportunity to enter a potential market. To reduce the risk of being in a new territory, most of the foreign companies are trying to tie up with an Indian company to start their business in India. World's largest retailer, Walmart was not left behind in the competition and decided to use the new found opportunity efficiently. It is the first foreign retail company to enter India after 100% FDI has been allowed in the wholesale sector. Partnering with India's Bharti Enterprises, a telecom giant who aims to be a business conglomerate, Walmart's entry to the subcontinent was in style. However, the biggest retailer Walmart's entry to the wholesale business, a completely different game from its favorite retail and Bharti's lack of experience...
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...Executive Summary Walmart is the world’s biggest private employer with more than 2.2 million employees working in more than 8500 stores in 15 countries under 55 different names. It is world’s third largest public corporation and one of the world’s most valuable companies. Walmart has a tremendous product line which includes general merchandise, apparel, toys, domestics, grocery, fabrics & notions, stationery & books, cellular phones & service plan contracts, shoes, housewares, hardware, electronics, home furnishings, small appliances, automotive accessories, horticulture & accessories, sporting goods, pet food & pet accessories, and financial services & products. Walmart is trading around $74 per share now. I would recommend that the stock can be hold at this price but should not be bought. This is mainly because if we see the last five year chart of Walmart, it has been rising since mid-2011 and is now not much lower than its high of about $79 per share. Taking into account the bleak economy at present, it might not be a good buy. On the other hand, the fundamentals of the company are quite strong and its profitability has increased in recent times. So it might get back to the $80-$85 mark. The negative thing about this stock is the lawsuit that was filed against Walmart about discriminating against Women employees. Though most of the cases have been concluded in favor of the Walmart but a few cases are still pending which might be a liability for Walmart in the future. ...
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...The fortune 500 company I chose was Wal-Mart Stores Inc. Sam Walton opened the first Wal-Mart store in Rogers, Arkansas on July 2, 1962. The company officially incorporated as Wal-Mart Stores, Inc. in 1967. Sam Walton’s created Wal-Mart with the idea of achieving higher sales volumes by keeping sales prices lower than his competitors by reducing his profit margin. Their mission statement is closely related, “We save people money so they can live better”. This idea has made Wal-Mart flourish into one of the biggest retails stores there is. In this paper I will focus on ways Wal-Mart is trying to not just improve their business but their environment as well. One of the goals that Wal-Mart has is to be supplied 100 percent by renewable energy. They are using a strategic plan to achieve this goal. At Wal-Mart’s Global Sustainability Milestone Meeting, the company committed to achieving the following by Dec. 31, 2020: Drive the production or procurement of 7 billion kWh of renewable energy globally every year, a percent increase over 2010 levels and reduce the kWh/sq. ft. energy intensity required to power Wal-Mart’s buildings globally by 20 percent compared to 2010 levels. Duke, M. (2013, April 15). Wal-Mart plans to do this by installing solar power on at least 1,000 rooftops and distributions by 2020. They also plan to increase LED usage in sales floor lighting, parking lots and other applications. The company will continue to develop projects in wind, fuel cells and other technologies...
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...environment, and then determining solutions to meet the needs of the organization within the confines of its new culture. As Walmart expands its operations into China, it is critical that leadership identifies organizational changes needed before establishing operations in that country. Current Structure and Organizational Design Walmart’s current organizational structure has the business broken into three segments- U.S., international, and Sam’s Club- all under the Walmart Stores, Incorporated umbrella. Each division has its own leadership team whose President is accountable to the President of Walmart Stores. Each division runs as its own independent business, giving them more flexibility to make decisions to directly impact the business within their division. Additionally, each division maintains its own real estate, human resources, marketing, and procurement/distribution departments. Overarching leadership across the three divisions include the Chief Information Officer, Chief Financial Officer, and several other senior executive positions (Walmart, n.d.). At the store level, there are also several levels of management starting with the store or general manager. This manager has several assistant managers who oversee support and department managers. The department managers have assigned departments throughout the store that they manage as a “store within a store”, controlling...
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