Most admired company
Stores in all 50 states
Nations largest company
Does not have a formal mission statement
3 basic beliefs of founder
Respect for the individual
Service to our customers
Strive for excellence
Started an IPO in 1970
1999 #1 Stock in the DOW
Implementing two new concepts
1. hypermarkets 200000 sq. ft stores that sell everything
2. Supercenters scaled down supercenters
International sales were 16.7% of total company sales in fiscal 2003
Operated internationally in 9 years
Hometown USA stores..to provide the neighboring towns with their needs
Starting own clothing lines
Acquired McLane Company INC.(largest suppliers of food and merchandise to convenient stores)
Sams clubs membership cards
different levels of cards
32 billion dollar business
Supercenters are the companies faster growing division
limited of distribution (working to expand food distr.)
Locate supercenters by major food stores to provide customers with the option to choose over price, WalMart almost always win this battle and drives the competitors out of town or business
"One stop shop"
238 supercenters and 71 samclubs internationally after the fiscal year of 2003
united kingdom leader "Tesco" trying to increase scale of international operation(threat)
walmart opposes unions (threat)
has worlds largest private satellite communication systems enables to control d ...