3. ABOUT WALMART
Purpose
Save people money so they can live better . Find out what we're
passionate about , our strengths , and our reason for being.
History
Began in 1962 in Rogers , Arkansas . And it's been one incredible journey .
4. EXECUTIVE COMMITTEE OF WALMART
Doug McMillon
President and CEO,
Walmart Inc.
Dan Bartlett
Executive Vice
President, Corporate
Affairs
John David Rainey
Executive Vice
President and Chief
Financial Officer,
Walmart
Rachel Brand
Executive Vice President
of Global Governance,
Chief Legal Officer and
Corporate Secretary
5. Company Overview
Founded by Sam Walton in 1962
Incorporated on October 31,1969
Publicly traded on the New York Stock Exchange in 1972
Walmart operates retail stores in various formats across the
world .
6. HISTORY OF WALMART
1918 : Sam Walton was born in a farmer's family in Kingfisher , Oklahoma
.
1940 : He graduated from the University of Missouri .
1950 : Gave up job and opened his first store in Arkansas .
1962 : Walton Brothers opened first Walmart in Arkansas
1970 : Walmart becomes public
7. HISTORY OF WALMART
1990 : 1st National retailer
1991 : International Expansion
1993 : Creation of " Great Value " .
2003 : Largest corporation in the world
2012 : 50th Anniversary
9. WALMART VISION ANG MISSION
VISION
" To be the best retailer in the hearts and minds of consumers and employees . “
MISSION
Saving people money so they can live better .
11. THE CORPORATE STRATEGY
The Corporate Strategy Dominance in the Retail Market
Expansion in the U.S. and International Markets
Creation of Positive Brand and Company Recognition
Branch Out into New Sectors of Retail
12. KEY SUCCESS FACTORS
1. Economies of Scale
2. Supply Chain with Integrated Technology
3. Superior Logistics Systems
4. Decentralized Operations
5. Every Day Low Prices
13. CRITICISM OF WALMART
Opposition from Local Communities :
Local communities try to oppose the construction when Walmart plans
new store location .
Opponents cite concerns such as traffic congestion , environment
problems , public safety , absentee landlordism , bad public relations , low
wages and benefits etc.
14. CRITICISM OF WALMART
Employee & Labor Relations:
With close to 2.3 million employees worldwide . Walmart has faced a
torrent of lawsuits and issues with regards to its workforce . These iss
involve low wages , poor working conditions , inadequate health care , as
well as issues involving the company's strong anti - union policies .
15. WALMART IN INDIA
Walmart India Private Limited is a wholly owned subsidiary of Walmart Inc.
Walmart India owns and operates 21 Best Price Modern Wholesale stores in 9
states across India
The company also operates 1 Fulfillment Centre in India .
The first store opened in Amritsar in 2009. Best Price stores , a membership based
wholesale store , offers best prices with unmatched convenience , choice , quality
and hygiene
The mission of Best Price is to " Enable small business to prosper " .
16. WALMART IN INDIA
Recently Walmart has wrapped up Flipkart acquisition for $ 16 billion , a
valuation of over $ 20 billion , which makes it the world's biggest ecommerce
deal
Walmart will own around 77 per cent of the Bengaluru - based company in
what is also being seen as the largest buyout for the US firm .
The deal , which will see founder Sachin Bansal exit completely , will now pit US
- based giants Walmart and Amazon in the Indian market .
