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Wal mart intro and history ppt

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Malka Yasmeen
Malka Yasmeen

Walmart was founded in 1962 by Sam Walton in Rogers, Arkansas. It has grown to be the world's largest company by revenue and largest private employer in the world. In recent years, Walmart's Sam's Club division cut 2,300 workers, or 2% of its workforce, in order to make the company more nimble and better able to compete with competitors like Costco and Amazon. A Walmart spokesman said the job cuts were "the right move to make sure we are positioning ourselves for growing in the future."

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Wal mart intro and history ppt
Malka Yasmeen Roll # 19(2010)
Wal mart intro and history ppt
Founded by SamWalton in 1962. World's largest public corporation by revenue Largest private employer in the world Largest grocery retailer in the United States, Largest toy seller in the U.S. Also owns and operates the North American Company, Sam's Club.
Reason of selection Wal-Mart's Sam's Club cut 2,300 workers as it strives to be more nimble. To compete better with CostcoWholesale Corp. and online players like Amazon.com Bill Durling, a spokesman at Sam's Club, says: "We felt this was the right move to make sure we are positioning ourselves for growing in the future,"
Retail Revolution SamWalton's strategy was built on an unshakeable foundation:The Lowest Prices Anytime, Anywhere. 1962 On July 2, 1962, SamWalton opened the first Walmart store in Rogers, Ark. 1967 TheWalton family owned 24 stores, ringing up $12.7 million in sales. 1969 The company officially incorporated as Wal-Mart Stores, Inc. 1970s Walmart Goes National In the 1970s, a decade of incredible growth, "Mr. Sam" began to take Walmart national, proving his vision's widespread appeal.
1970s Walmart became a publicly traded company.The first stock was sold at $16.50 per share. 1971 The first distribution center and Home Office opened in Bentonville, Ark. 1972 Walmart was listed on the NewYork Stock Exchange (WMT). With 51 stores, Walmart recorded sales of $78 million. 1975 Inspired by a visit to a Korean manufacturing facility, SamWalton introduced the Walmart cheer. 1979 The Walmart Foundation was established 1980s Decade of Firsts In the 1980s, the first Sam's Club opened, serving small businesses and individuals, and the first Walmart Supercenter opened, combining a supermarket with general merchandise.
1980 Reached $1 billion in annual sales, Faster than any other company at that time. 276 stores and employed 21,000 associates. The first Sams Club opened in Midwest City, Okla. Replaced cash registers with computerized point-of- sale systems, 1984 Sam Walton did the hula on Wall Street, making good on a promise to associates after the company achieved a pre-tax profit of 8% for the previous fiscal year. 1987 The company installed the largest private satellite communication system in the U.S., linking the company's operations through voice, data and video communication. 1988 The first Wal-Mart Supercenter opened in Washington, Mo., David Glass was named CEO.
1990s Americas Top Retailer By 1990, Wal-Mart was the nation's number- one retailer. As the Wal-Mart Supercenter redefined convenience and one-stop shopping, Every Day Low Prices went international. 1991 Through a joint venture with Cifra, a Mexican retail company, Wal-Mart went global, opening a Sams Club in Mexico City. 1992 Receive the Medal of Freedom, RobWalton became chairman of the board. Wal-Mart employed 371,000 associates in 1,928 stores and clubs. 1993 Wal-Mart celebrated its first $1 billion sales week.
1994 Walmart expanded into Canada with the purchase of 122Woolco stores. 1996 Walmart opened its first stores in China. 1997 The company celebrated its first $100 billion sales year. 1998 The Neighborhood Market format was introduced with three stores inArkansas. 1999 Walmart entered the United Kingdom with the acquisition of ASDA.
2000s New Millennium 2000 H. Lee Scott, Jr. succeeded David Glass as CEO. Walmart.com was founded, Walmart employed more than 1.1 million associates in 3,989 stores and clubs worldwide. 2002 Walmart topped the Fortune 500 ranking of America's largest companies.
2005 Leading role in disaster relief, contributing $18 million and 2,450 truckloads of supplies Commitment to environmental sustainability, announcing goals to create zero waste, use only renewable energy and sell products that sustain people and the environment. 2006 Walmart introduced its $4 generic-drug prescription program. 2007 Walmart.com launched Site to Store service, enabling customers to make a purchase online and pick up merchandise in stores.
2009 Mike Duke became CEO. Wal-Mart entered Chile with the acquisition of a majority stake in D&S S.A. For the first time, Wal-Mart exceeded $400 billion in annual sales. 2010 Bharti Wal-Mart, a joint venture, opened its first store in India. Wal-Mart committed $2 billion through the end of 2015 to help end hunger in the United States. 2011 With the acquisition of Massmart in South Africa, Wal-Mart surpassed 10,000 retail units around the world. The first Wal-Mart Express stores were introduced in Arkansas. Wal-Mart established walmartlabs, a hub for developing social, mobile and global platforms. .
2012 Wal-Mart celebrated 50 years of helping people save money so they can live better. 2014 Doug McMillan succeeded Mike Duke as CEO. The company employs 2.2 million associates worldwide and serves more than 200 million customers each week at more than 11,000 stores in 27 countries
History of LOGO
11000 stores at present
Cutting down 23oo employees i.e 2% of their workforce Cutting down 2300 employees
Wal mart intro and history ppt

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Wal mart intro and history ppt

  • 4. Founded by SamWalton in 1962. World's largest public corporation by revenue Largest private employer in the world Largest grocery retailer in the United States, Largest toy seller in the U.S. Also owns and operates the North American Company, Sam's Club.
  • 5. Reason of selection Wal-Mart's Sam's Club cut 2,300 workers as it strives to be more nimble. To compete better with CostcoWholesale Corp. and online players like Amazon.com Bill Durling, a spokesman at Sam's Club, says: "We felt this was the right move to make sure we are positioning ourselves for growing in the future,"
  • 6. Retail Revolution SamWalton's strategy was built on an unshakeable foundation:The Lowest Prices Anytime, Anywhere. 1962 On July 2, 1962, SamWalton opened the first Walmart store in Rogers, Ark. 1967 TheWalton family owned 24 stores, ringing up $12.7 million in sales. 1969 The company officially incorporated as Wal-Mart Stores, Inc. 1970s Walmart Goes National In the 1970s, a decade of incredible growth, "Mr. Sam" began to take Walmart national, proving his vision's widespread appeal.
  • 7. 1970s Walmart became a publicly traded company.The first stock was sold at $16.50 per share. 1971 The first distribution center and Home Office opened in Bentonville, Ark. 1972 Walmart was listed on the NewYork Stock Exchange (WMT). With 51 stores, Walmart recorded sales of $78 million. 1975 Inspired by a visit to a Korean manufacturing facility, SamWalton introduced the Walmart cheer. 1979 The Walmart Foundation was established 1980s Decade of Firsts In the 1980s, the first Sam's Club opened, serving small businesses and individuals, and the first Walmart Supercenter opened, combining a supermarket with general merchandise.
  • 8. 1980 Reached $1 billion in annual sales, Faster than any other company at that time. 276 stores and employed 21,000 associates. The first Sams Club opened in Midwest City, Okla. Replaced cash registers with computerized point-of- sale systems, 1984 Sam Walton did the hula on Wall Street, making good on a promise to associates after the company achieved a pre-tax profit of 8% for the previous fiscal year. 1987 The company installed the largest private satellite communication system in the U.S., linking the company's operations through voice, data and video communication. 1988 The first Wal-Mart Supercenter opened in Washington, Mo., David Glass was named CEO.
  • 9. 1990s Americas Top Retailer By 1990, Wal-Mart was the nation's number- one retailer. As the Wal-Mart Supercenter redefined convenience and one-stop shopping, Every Day Low Prices went international. 1991 Through a joint venture with Cifra, a Mexican retail company, Wal-Mart went global, opening a Sams Club in Mexico City. 1992 Receive the Medal of Freedom, RobWalton became chairman of the board. Wal-Mart employed 371,000 associates in 1,928 stores and clubs. 1993 Wal-Mart celebrated its first $1 billion sales week.
  • 10. 1994 Walmart expanded into Canada with the purchase of 122Woolco stores. 1996 Walmart opened its first stores in China. 1997 The company celebrated its first $100 billion sales year. 1998 The Neighborhood Market format was introduced with three stores inArkansas. 1999 Walmart entered the United Kingdom with the acquisition of ASDA.
  • 11. 2000s New Millennium 2000 H. Lee Scott, Jr. succeeded David Glass as CEO. Walmart.com was founded, Walmart employed more than 1.1 million associates in 3,989 stores and clubs worldwide. 2002 Walmart topped the Fortune 500 ranking of America's largest companies.
  • 12. 2005 Leading role in disaster relief, contributing $18 million and 2,450 truckloads of supplies Commitment to environmental sustainability, announcing goals to create zero waste, use only renewable energy and sell products that sustain people and the environment. 2006 Walmart introduced its $4 generic-drug prescription program. 2007 Walmart.com launched Site to Store service, enabling customers to make a purchase online and pick up merchandise in stores.
  • 13. 2009 Mike Duke became CEO. Wal-Mart entered Chile with the acquisition of a majority stake in D&S S.A. For the first time, Wal-Mart exceeded $400 billion in annual sales. 2010 Bharti Wal-Mart, a joint venture, opened its first store in India. Wal-Mart committed $2 billion through the end of 2015 to help end hunger in the United States. 2011 With the acquisition of Massmart in South Africa, Wal-Mart surpassed 10,000 retail units around the world. The first Wal-Mart Express stores were introduced in Arkansas. Wal-Mart established walmartlabs, a hub for developing social, mobile and global platforms. .
  • 14. 2012 Wal-Mart celebrated 50 years of helping people save money so they can live better. 2014 Doug McMillan succeeded Mike Duke as CEO. The company employs 2.2 million associates worldwide and serves more than 200 million customers each week at more than 11,000 stores in 27 countries
  • 16. 11000 stores at present
  • 17. Cutting down 23oo employees i.e 2% of their workforce Cutting down 2300 employees