2. Company Information
■Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other
units in various formats around the world. The Company offers an assortment of
merchandise and services at everyday low prices.
■It operates a chain of discount department stores and warehouse stores.
■Headquarter is in Bentonville, Arkansas, United States.
■The company was founded by Sam Walton in 1962 and incorporated on October
31, 1969. It has over 11,000 stores in 28 countries, under a total 65 banners.
■The company operates under the Walmart name in the United States and Canada.
It operates as Walmart de México y Centroamérica in Mexico, as Asda in the
United Kingdom, as Seiyu in Japan, and as Best Price in India
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3. Cont..
■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 business.
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4. Cont..
■Walmart evolved from Sam Walton’s goals for great value and great customer
service.
■The Company's operations are conducted in three segments: Walmart U.S.,
Walmart International and Sam's Club.
■The Walmart U.S. segment operates retail stores in all 50 states in the United
States, Washington D.C. and Puerto Rico, with three primary store formats, as
well as digital retail.
■The Walmart International segment consists of operations in 26 countries outside
of the United States and includes numerous formats divided into three main
categories: retail, wholesale and other.
■The Sam's Club consists of membership-only warehouse clubs and operates in 48
states in the United States and in Puerto Rico, as well as digital retail.
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5. Cont..
■Saving people money so they can live better.
■Walmart helps people around the world save money and live better anytime and
anywhere in retail stores, online and through their mobile devices.
■Each week, more than 245 million customers and members visit their nearly
11,000 stores under 65 banners in 28 countries and e-commerce websites in 11
countries. With fiscal year 2015 net sales of $482.2 billion, Walmart employs 2.2
million associates worldwide.
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6. ■Mission
Saving people money so they can live better.
■Vision
To be the best retailer in world in the hearts and minds of consumers and employees.
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7. Culture
Culture
■Sam Walton founded Walmart with the strong conviction that a retailer could help
people save money and live better. That continues to be why they're in business
today -- it's their purpose. Their culture is how they work together to fulfill that
purpose. It's incorporated into every aspect of their business.
Beliefs
■Their beliefs are the foundation of their culture: Service To their Customers,
Respect For The Individual, Striving For Excellence And Acting With Integrity.
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8. Sam's 10 Rules For Building A Business
■Sam Walton believed running a successful business boils down to 10 simple rules.
■These rules helped Walmart become the global leader it is today. Walmart continue
to apply them to every part of their business.
1. Commit to your business.
2. Share your profits with all your associates, and treat them as partners.
3. Motivate your partners.
4. Communicate everything you possibly can to your partners.
5. Appreciate everything your associates do for the business.
6. Celebrate your success.
7. Listen to everyone in your company.
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9. Cont..
8. Exceed your customers’ expectations.
9. Control your expenses better than your competition.
10. Swim upstream.
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10. Executive Leadership
■From the beginning, Sam Walton surrounded himself with the kind of people who
had big ideas and weren’t afraid to take risks and bring those ideas to life.
■Walmart has elevated and been guided by leaders who constantly inspires to
achieve the next level of success.
■The CEO of Walmart is Doug McMillon. The Chairman of Board of Directors is
Rob Walton, son of founder Sam Walton.
■Walmart has following group of leaders and strategists
1. Executive Management
2. Board of Directors
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11. Ethics & Integrity
■Global Ethics:
1. Serves as a guide and resource for ethical decision making
2. Provides a confidential and anonymous reporting system
3. Leads a continuing ethics education and communication system
■Integrity in Action Award
The Integrity in Action Award program recognizes associates who demonstrate
integrity through consistent actions and words and inspire other associates to always
do the right thing. By sharing associate stories, the program fosters and sustains the
culture of integrity that has and will continue to drive the success
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14. May 13, 2015
Myntra goes ‘app-only’ mode
Online fashion retailer Myntra, on Tuesday, said the company would shut its
desktop and browser version and go on the ‘app-only’ mode from May 15.
Acquired by Flipkart in 2014, the company will be the first to go the app-only way
with the booming smartphone growth.
“Presently, we see 90 per cent traffic coming from the mobile app. Over 70 per cent
of sales are via mobile devices. With mobile-based commerce emerging, we want to
create a differentiated shopping experience for our consumers,” said Mukesh
Bansal, CEO, Myntra, and Head of Commerce, Flipkart.
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15. Myntra targets 5 million app downloads in the next 3 to 4 months. Using the app-
only mode, Myntra also plans to give personalized shopping experience to users.
According to the company, the smartphone penetration in India is expected to
grow to 600-700 million by 2020 and this will also increase mobile commerce in
India.
Sachin Bansal, Co-Founder & CEO, Flipkart, said, “Consumers’ are shifting fast to
smart phones for commerce and information consumption in a big way. It is a great
step that Myntra has taken towards creating a differentiated experience that will
generate customer pull and make it a one stop solution for all fashion needs.”
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16. To hire experts from Silicon Valley
Myntra plans to hire more people from the Silicon Valley in the U.S.(the southern
San Francisco Bay Area, is home to hundreds of start-up and global technology
companies,) to beef up its technology team. At present, Myntra has a 300-member
strong technology team, and is planning to increase it to 500 soon.
“As the e-commerce industry in India is growing, we are seeing a lot of interest
from Indians working in the U.S. to come back. I have fixed meetings with people
who are interested to join us. I am looking to hire people with expertise in mobile
technologies, analytics, image processing among others,” said Chief Product and
Technology Officer Shamik Sharma.
The company is looking to hire at least 10-20 mid-level and senior level technology
guys and join them in India.
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