Walmart Inc. (previously labeled as Wal-Mart Stores, Inc. ) is an American multinational retailer operating a chain of hypermarkets, discount stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and was established on October 31, 1969. It also owns and operates the Sam's Club retail warehouse. On January 31, 2018, Walmart has 11,718 stores and clubs in 28 countries , operating under 59 different names . The company operates under the name Walmart in the United States and Canada, as Walmart de MÃÆ'Ã… © xico y CentroamÃÆ'Â © rica in Mexico and Central America, as Asda in the UK, as Seiyu Group in Japan, and as the Best Price in India. It has a wholly owned operation in Argentina, Chile, Brazil, and Canada.
Walmart is the world's largest revenue-based company - about US $ 486 billion according to Fortune Global 500 list by 2017 - and the world's largest private company with 2.3 million employees. This is a family owned business that is publicly traded, because the company is controlled by the Walton family. Heirs Sam Walton owns more than 50 percent of Walmart through their parent company, Walton Enterprises, and through their respective ownership. Walmart is the largest wholesale retailer in the US by 2016, and 62.3% of Walmart sales US $ 478,614 Ã, billion comes from US operations.
The company was listed on the New York Stock Exchange in 1972. In 1988, Walmart was the most profitable retailer in the US, and in October 1989, it became the largest in terms of revenue. Originally geographically confined to the South and Lower Midwest, in the early 1990s, the company owned a beach-to-coast shop: Sam's Club opened in New Jersey in November 1989 and the first California outlet opened in Lancaster in July 1990. A Walmart in York , Pennsylvania opened in October 1990: the first major store in the Northeast.
Walmart investment outside North America has shown mixed results: its operations in Britain, South America and China are very successful, while businesses in Germany and South Korea are failing.
Video Walmart
Histori
1945-1969: Sejarah awal
In 1945, businessman and former employee of J.C C. Penney, Sam Walton bought Ben Franklin's branch of the Butler Brothers store. Its main focus is to sell products at low prices to get higher sales volumes with lower profit margins, describing it as a crusade for consumers. He suffered a setback because the rental rates and branch purchases were unusually high, but he could find suppliers at a lower cost than those used by other stores. He provides savings in product prices. Sales increased 45% in the first year of ownership to US $ 105,000 in revenue, which increased to $ 140,000 the following year and $ 175,000 a year after that. In the fifth year, the store generated $ 250,000 in revenue. When the rental for the location ended, Walton could not reach an agreement for renewal, so he opened a new store on 105 N. Main Street in Bentonville, calling it "Walton's Five and Dime". The store now is the Walmart Museum.
On July 2, 1962, Walton opened the first Walmart Discount City store at 719 Ã, W. Walnut Street in Rogers, Arkansas. The building is now occupied by antique mall and hardware stores, while the company's "Store # 1" has been moved to a larger discount store and is now expanded to Supercenter a few blocks west at 2110 W. Walnut Street. In the first five years, the company expanded to 24 stores in Arkansas and reached US $ 12.6 million in sp sales. In 1968, he opened his first store outside Arkansas, in Sikeston, Missouri and Claremore, Oklahoma.
1969-1990: Merger and growth as regional power
The company was incorporated as Wal-Mart, Inc. on October 31, 1969, and changed its name to Wal-Mart Stores, Inc. in 1970. In the same year, the company opened its first head office and distribution center in Bentonville, Arkansas. The 38 stores operate with 1500 employees and sales of $ 44.2 million. It started trading shares as a public company on October 1, 1970, and was immediately listed on the New York Stock Exchange. The first stock split occurred in May 1971 at a price of $ 47 per share. At the moment, Walmart operates in five states: Arkansas, Kansas, Louisiana, Missouri, and Oklahoma; entered Tennessee in 1973 and Kentucky and Mississippi in 1974. When the company moved to Texas in 1975, there were 125 Ã, stores with 7,500 employees and total sales of $ 340.3 Ã, million.
In the 1980s, Walmart continued to grow rapidly, and on its 25th anniversary in 1987, there were 1,198 stores with sales of $ 15.9 billion, and 200,000 partners. This year also marks the completion of the company's satellite network, a $ 24 million investment that connects all operating units with Bentonville offices via two-way voice and data transmission and one-way video communications. At that time, the company was the largest private satellite network, allowing corporate offices to track inventory and sales and instantly communicate to stores. In 1988, Walton resigned as CEO and was replaced by David Glass. Walton remains Chairman of the Board.
With his superstore contribution, the company outperformed Toys "R" Us in toy sales in the late 1990s.
1990-2005: Increase retail to multinational status
While the third largest retailer in the United States, Walmart is more profitable than rival Kmart and Sears in the late 1980s. In 1990, he became the largest retailer by revenue.
Before the summer of 1990, Walmart was absent on the West Coast or in the Northeast (except for one Sam Club in New Jersey which opened in November 1989), but in July and October of that year, Walmart opened its first store in California and Pennsylvania, each. In the mid-1990s, it was by far the most powerful retailer in the US and expanded to Mexico in 1991 and Canada in 1994. Walmart stores opened across the rest of the US, with Vermont being the last country to acquire stores in 1995.
Walmart stopped selling pistols in 1993.
The company also opened stores outside of North America, entered South America in 1995 with stores in Argentina and Brazil; and Europe in July 1999, buying Asda in the United Kingdom for US $ 10 Ã, billion .
In 1998, Walmart introduced the Environmental Market concept with three stores in Arkansas. In 2005, estimates indicate that the company controls about 20 percent of retail and retail consumables.
In 2000, H. Lee Scott became Walmart's President and CEO as the company's sales increased to $ 165 million. In 2002, it was listed for the first time as the largest American company on the Fortune 500 list, with revenues of $ 219.8 billion and profit of $ 6.7 Ã, billion. It stays there every year except 2006, 2009, and 2012.
In 2005, Walmart reported US $ 312.4 Ã, billion in sales, over 6,200 facilities worldwide including 3,800 stores in the United States and 2,800 elsewhere, using more than 1.6 Ã, million partners. Its presence in the United States grew so fast that only the country's small pockets survived more than 60 miles (97 kilometers) from nearby stores.
When Walmart rapidly expanded into the largest company in the world, many critics worried about its influence on local communities, especially small towns with many "mom and pop" stores. There have been several studies on the economic impact of Walmart in small towns and local businesses, jobs, and taxpayers. In one, Kenneth Stone, an economics professor at Iowa State University, found that some small towns could lose nearly half of their retail trade within ten years of the Walmart store opening. In other studies, however, he compared what changes the small town store has encountered in the past-including the development of railroads, the emergence of Sears Roebuck catalogs, and the arrival of shopping centers and concluded that shopkeepers who adapt to changes in the retail market may flourish after Walmart arrived. Subsequent studies in collaboration with Mississippi State University show that there are "positive and negative impacts on the stores in the area where the new supercenter is located."
After Hurricane Katrina in September 2005, Walmart used its logistics network to manage rapid response to disasters, donated $ 20 million, 1,500 merchandise trucks, food for 100,000 meals, and appointments for all displaced workers. An independent study by Steven Horwitz of St. University Lawrence found that Walmart, The Home Depot, and Lowe utilize their local knowledge of supply chains, infrastructure, decision makers and other resources to provide emergency supplies and reopen shops before the Federal Emergency Federal Management Agency (FEMA) initiated its response. While the company as a whole was lauded for its rapid response amid criticism of FEMA, some critics quickly pointed out that there are still problems with the company's employment relationship.
2005-2010: Initiatives
In October 2005, Walmart announced several environmental measures to improve energy efficiency. Its main objectives include spending $ 500 million a year to improve fuel efficiency in Walmart's truck fleet by 25 percent over three years and doubling it in ten, reducing greenhouse gas emissions by 20 percent in seven years, reducing energy use in stores by 30 percent, and reduce solid waste from US stores and Club Sam by 25 percent in three years. CEO Lee Scott said that Walmart's goal is to be a "good servant of the environment" and ultimately use only renewable energy sources and generate zero waste. The company also designed three new experimental stores with wind turbines, photovoltaic solar panels, biofuel boilers, water coolers, and xeriscape gardens. Despite many criticisms of his environmental record, Walmart takes several steps in what is considered a positive direction, which includes being the largest organic seller and largest organic cotton buyer in the world, while reducing packaging and energy costs. Walmart also spent nearly a year working with outside consultants to find the total environmental impact of the company and find areas for improvement. Walmart created his own power company in Texas, Texas Retail Energy, planning to supply his shop with cheap power purchased at wholesale prices. Through this new venture, the company hopes to save $ 15 million per year and also to lay the foundation and infrastructure to sell electricity to future Texan consumers.
In March 2006, Walmart sought to appeal to a more prosperous demographic. The company unveiled a new Supercenter concept in Plano, Texas, which is intended to compete with stores that look more luxurious and attractive, such as Target. This new store has wooden floors, a larger alley, a sushi bar, coffee shop/sandwich with free Wi-Fi Internet access, and more expensive beer, wine, electronic goods and other items. The exterior has a hunter-green background behind the Walmart letters, similar to Neighborhood Market by Walmarts, not the blue that was previously used on its supercenters.
On September 12, 2007, Walmart introduced a new ad with the slogan, " Save money, live better, ", change the "Always Low Price, Always ", which was used for the previous 19 years. Global Insight, which is conducting research supporting advertising, found that Walmart's price decline resulted in savings for consumers of $ 287 Ã,/billion in 2006, which equates to $ 957 per person or $ 2,500 per home ladder (up 7.3 percent of the estimated savings of 2004 $ 2,329).
On June 30, 2008, Walmart unhooked its logo and replaced the star with a spark Spark symbol that resembles a sunflower, flower, or star. The new logo received mixed reviews from design critics, who questioned whether the new logo was as powerful as a competitor's logo, such as the Target bullseye or instantly recognized as the company's previous logo, used for 18 years. The new logo debuted on the company's website on July 1, 2008. Walmart's location in the US is updating its store logo in the fall of 2008, as part of its ongoing brand evolution. Walmart Canada began to adopt a logo for its store in early 2009.
On March 20, 2009, Walmart announced that it paid a combined sponsorship of US $ 933.6 Ã, million in bonuses to every full-time and part-time worker. This is an additional $ 788.8 million in profit sharing, 401 (k) pension contributions, hundreds of millions of dollars in merchandise discounts, and contributions to the employee stock purchase plan. While the economy is generally in an ongoing recession, Walmart reports strong financial figures for its latest fiscal year (ending January 31, 2009), with $ 401.2 billion in net sales, 7 gains, 2
On February 22, 2010, the company confirmed it had acquired the streaming video company Vudu, Inc. with an estimated $ 100 Ã, million.
2011-present: Advanced developments
The Walmart truck fleet logs millions of miles each year, and the company plans to double the fleet efficiency between 2005 and 2015. The truck pictured on the right is one of the 15 based in Walmart's Buckeye, Arizona, a distribution center that is converted to run on biofuel from oil reclaimed fries made during food preparation at Walmart stores.
In January 2011, Walmart announced a program to increase the nutritional value of its store brand for five years, gradually reducing the amount of salt and sugar and completely eliminating trans fats. Walmart also promises to negotiate with suppliers with regards to nutritional issues, reduce prices for whole foods and vegetables, and open stores in low-income areas, called "food deserts", where there are no supermarkets. On April 23, 2011, the company announced that it is testing a new "Walmart To Go" home delivery system where customers will be able to order certain items offered on their website. The initial test is in San Jose, California, and the company has not yet said whether the delivery system will be nationally launched.
After a photo shoot of Sandy Hook Elementary School, Walmart took the list for the AR-15 style rifle model used from his website. In 2015, Walmart stopped selling AR-15 style rifles, due to a lack of consumer demand. On February 28, 2018, Walmart raised the minimum age to buy firearms or ammunition from 18 to 21, citing "recent events."
On November 14, 2012, Walmart launched its first mail subscription service called Goodies. Customers pay a $ 7 monthly subscription for five to eight food samples sent each month, so they can try new foods.
In August 2013, the company announced it was in talks to acquire a majority stake in Kenya-based supermarket chain, Naivas.
In June 2014, several Walmart employees went on strike in major US cities demanding higher wages. In July 2014, American actor and comedian Tracy Morgan launched a lawsuit against Walmart seeking punitive damages on the pile of cars many of which were allegedly caused by the driver of one of the company's tractor trailers who had not slept for 24 hours. Morgan's limousine was apparently attacked by a trailer, injuring him and two fellow passengers and killing his fourth, fellow comedian James McNair. Walmart settled with the McNair family for $ 10 million, while not recognizing any obligations. Morgan and Walmart reached completion in 2015 for an undisclosed amount, although Walmart later accused his insurance company of "bad faith" for refusing to pay for a settlement.
In 2015, the company closed five stores with short notice for pipeline repairs. However, employees and the International Food and Commercial Workers Union (UFCW) accused some shops of being closed in retaliation for strikes aimed at increasing wages and improving working conditions. UFCW filed a complaint with the National Labor Relations Board. The five stores have reopened. On October 14, 2015, Walmart saw its stock down 10 percent. In 2015, Walmart is the largest US commercial solar power producer with a capacity of 142 MW, and has 17 energy storage projects. This solar is mainly on the roof, whereas there is an additional 20,000 m 2 for the solar canopy above the parking lot.
On January 15, 2016, Walmart announced it would close 269 stores in 2016, affecting 16,000 workers. 154 of these stores destined for closure are in the US (150 US Walmart stores, 115 Walmart International stores, and 4 Sams Clubs). 95 percent of these US stores are, on average, 10 miles from other Walmart stores. 269 ​​â € <â €
On February 15, 2017, Walmart announced the acquisition of Moosejaw, the leading online active outdoor retailer, at a cost of approximately $ 51 million. The acquisition closes on February 13, 2017. On June 16, 2017, Walmart agreed to acquire the Bonobos men's clothing company for $ 310 million in an effort to expand its fashion ownership. Since the announcement of the deal coincided with the acquisition of the Whole Food Market, the stock market reacted negatively, with Walmart ownership on the NYSE down 6%. On September 29, 2017, Walmart acquired Parcel, a technology-based, same-day and mile-mile shipping company in Brooklyn. The acquisition announcement sees Walmart shares rise more than 1%. On December 6, 2017, Walmart announced that it would change its corporate name to Walmart Inc. from Wal-Mart Stores, Inc. effective February 1, 2018.
In March 2018, Walmart announced that they were producing their own food packages at all of his valued stores under Blue Apron designed to serve two people.
crime of the 2000s
According to an August 2016 report by Bloomberg Businessweek, the aggressive cost-cutting decision was initiated in 2000 when Lee Scott took over as company's CEO led to a significant increase in crime in stores across the United States. These include the deletion of well-known store sweeps, some of which are seen as a theft-prevention tool at the exit, multiple cashier replacements with self-checkout stations, and store additions at a rate that exceeds the hiring of new employees which led to a 19% increase in space per employee over a decade previous. While this decision succeeded in raising a 23% gain over the next decade, it led to an increase in theft and violent crime.
In 2015 under CEO Doug McMillon, Walmart embarked on a corporate-wide campaign to reduce crime including check marks at the exit, placing employees in self-examination areas, eye-level security cameras in areas with high theft, use analytical data to detect credit fraud, employing unserved police and private security officers, and reducing calls to police with programs where perpetrators were first caught stealing merchandise below a certain value may avoid arrest if they agree to through theft prevention program.
Law enforcement agencies across the United States have noted the burden on resources made by Walmart's disproportionate number of calls. Experts have criticized retailers for transferring their security burdens to taxpayers. They found that 25% of the total arrests in St. Petersburg, Florida created only on one Walmart. In three districts in Florida, about 9,000 police calls went to 53 Walmart stores but only resulted in several hundred arrests. At Granite Falls, North Carolina, 92% of the theft calls to local police came from Walmart stores there. The trend is similar in rural, suburban, and urban areas. Police are called to Walmart stores 3-4 times more than similar retailers like Target. Experts say the chains and thin margins of the razors are heavily dependent on the police to protect the core. Walmart Supercenters tops the list most visited by police.
In addition to hundreds of thousands of petty crimes, more than 200 violent crimes, including kidnapping, stabbing, shooting and murder took place at 4,500 Walmarts in the US in 2016.
Maps Walmart
Division of operations
Walmart's operations are organized into four divisions: Walmart A.S., Walmart International, Sam's Club, and Global eCommerce. The company offers a variety of retail formats across this division, including supercenters, supermarkets, hypermarkets, warehouse clubs, cash stores and carrying, home repairs, specialty electronics, restaurants, clothing stores, drugstores, department stores and digital retailers.
Walmart AS.
Walmart US is the company's largest division, accounting for <$ 298.38 billion , or 62.3 percent of total sales, for fiscal 2016. This consists of three retail formats that have become commonplace in the United States: Supercenters, Discount Shops, Markets, and other small formats. Discount stores sell a variety of non-wholesale products, although the emphasis is now shifting toward supercenters, which include more groceries. Starting January 31, 2018, there are a total of 4,761 US Walmart stores.
The president and CEO of Walmart AS is Greg Foran.
Walmart Supercenter
Walmart Supercenters, branded simply as "Walmart", is a hypermarket of varying sizes from 69,000 to 260,000 square feet (6,400 to 24,200 square meters), but averages about 178,000 square feet (16,500 square meters). These are general merchandise and full-service supermarkets, including meat and poultry, baked goods, delicatessen, frozen food, dairy products, garden produce, and fresh seafood. Many Walmart Supercenters also have a garden center, pet shop, pharmacy, Tire & amp; Lube Express, optics center, one-hour photo processing lab, portrait studio, and many niche shops, such as cell phone shops, hair and nail salons, video rental stores, local bank branches (such as Woodforest National Bank branches at newer locations) and fast food outlets.
Many Walmart Supercenters have featured McDonald's restaurants, but in 2007, Walmart announced it would stop opening McDonald's restaurants in most of their new stores, most likely due to nutrition. Most of the locations that opened after the announcement had Subway as their restaurant, and some McDonald's inside the store were replaced with Subway. In some Canadian locations, Tim Hortons is open. Recently, in some Supercenters, such as the Tallahassee, FL, Walmart location added Burger King to their location.
Some locations also have fuel stations that sell gasoline distributed by Murphy USA (separated from Murphy Oil in 2013), Sunoco, Inc. ("Optima"), Tesoro Company ("Mirastar"), USA Gasoline, and even now Walmart - branded gasoline pump.
The first Supercenter opened in Washington, Missouri, in 1988. A similar concept, Hypermart USA, was opened a year earlier in Garland, Texas. All Hypermart USA stores are then closed or changed to Supercenters.
On January 31, 2018, there were 3,561 Walmart Supercenters in 49 of the 50 US states, the District of Columbia, and Puerto Rico. Hawaii is the only country that does not have a Supercenter location. The largest supercenter in the United States, an area of ​​260,000 square feet (24,000 square meters) on two floors, is located at Crossgates Commons in Albany, New York.
The typical Supercenter sells about 120,000 items, compared to 35 million products sold at Walmart online stores.
The "Supercenter" section of the name has been phased out, with these stores now simply referred to as "Walmart", since the company introduced the new Walmart logo in 2008. The Supercentre name is still used in Canada.
Walmart Discount Store
Walmart's Discount Store , also branded simply "Walmart", is a discount store with varying sizes from 30,000 to 206,000 square feet (2,800 to 19,100 square meters), with an average storefront of 105,000 square feet ( 9,800) square meters). They carry general merchandise and limited purchases. Some newer and renovated discount stores have an expanded grocery department, similar to the Target PFresh department. Many of these stores also have garden centers, pharmacy, Tire & amp; Lube Express, optics center, one hour photo processing lab, portrait studio, bank branch, mobile phone shop, and fast food outlets. Some also have petrol stations. Discount Shops are Walmart's original concept, though they have been surpassed by Supercenters.
In 1990, Walmart opened the location of Bud's First Discount Town in Bentonville. Bud is operated as a cover shop, like Big Lots. Many locations are opened to meet the lease at the shopping center when Walmart stores go and move to the newly built Supercenters. All Bud City Discount stores have been closed or changed to Walmart Discount Stores in 1997.
As of January 31, 2018, there are 400 Walmart Discount Shops in 41 states and Puerto Rico. Idaho, Montana, Nebraska, North Dakota, South Carolina, South Dakota, Utah, District of Columbia, West Virginia, and Wyoming are the only states and territories where discount stores are not operating.
Walmart Neighborhood Market
The Walmart Neighborhood market is sometimes labeled "Walmart's Neighborhood Market" or informally known as "Neighborhood Walmart", a small Walmart grocery store chain of 28,000 to 65,000 square feet (2,600 to 6,000 square meters) and average about 42,000 square feet (3,900 square meters), about a fifth the size of a Walmart Supercenter. The first Walmart Neighborhood market opened in 1998, but Walmart updated its focus on the smaller grocery store format in the 2010s.
The stores focus on three major categories of Walmart sales: foodstuffs, which account for about 55 percent of company revenue, pharmaceuticals, and, in some stores, fuel. For groceries and consumables, the shops sell fresh produce, deli and bread, ready-to-eat foods, meats, dairy products, organic, common food and frozen foods, in addition to pet cleaning and pet products. Some stores offer wine and beer sales as well as a drive-through pharmacy. Some stores, such as the Midtown Center in Bentonville, Arkansas, offer pizza ordered with a seating area for dining. Customers can also use Walmart site-to-store operations and take orders online at the Walmart Neighborhood Market store.
The products at the Walmart Market Market Market carry the same prices as those in the larger Walmart supersder. A Moody's analyst says the company's broader pricing structure gives the grocery store chain a "competitive advantage" over competitors Whole Foods, Kroger and Trader Joe's.
The neighborhood Store market expanded slowly at first as a way to fill the gap between Walmart Supercenters and Discount Shops in existing markets. In the first 12 years, the company opened about 180 Walmart Neighborhood Markets. In 2010, Walmart said it was ready to accelerate its expansion plans for a grocery store. On January 31, 2018, there were 701 Walmart Neighborhood Markets, each employing between 90 and 95 part-time and part-time workers.
Former shops and concepts
Walmart opens the Supermercado de Walmart location to attract the Hispanic community in the United States. The first, a 39,000 square foot (3,600 square meter) store in the Spring Branch area of ​​Houston, opened on April 29, 2009. The store is a conversion from the existing Walmart Neighborhood Market. In 2009, another Supermercado de Walmart opened in Phoenix, Arizona. Both locations are closed in 2014. In 2009, Walmart opened a "Mas Club", a warehouse retail operation that was patterned after Sam's Club. The only shop is closed in 2014.
Walmart Express is a smaller discount store network with a variety of food services to check cashing and gasoline services. This concept is focused on small towns that are considered incapable of supporting larger stores, and big cities where space is at a premium. Walmart plans to build 15 to 20 Walmart Express stores, focusing on Arkansas, North Carolina and Chicago, by the end of its fiscal year in January 2012. In September 2014, Walmart re-branded all of its Expressnya stores to the Environment Market in an effort to streamline its retail offerings. It continues to open a new Express store under the name Environment Market. As of January 31, 2018, there are 99 small format stores in the United States. These include Amigo (17 locations), E-Commerce Acquisition/C-store (59 locations), and other store formats (23 locations). On January 15, 2016, Walmart announced that it will close 269 stores globally, including all 102 US Walmart Express stores, including those labeled as the Surround Market.
Initiative
In September 2006, Walmart announced a pilot program to sell generic drugs for $ 4 per recipe. The program was launched in stores in the Tampa, Florida area, and by January 2007 it had expanded to all stores in Florida. While the generic average price is $ 29 per recipe, compared to $ 9 for branded drugs, Walmart states that it does not sell at a loss, or give it to them. As a charitable act, they use the same mass distribution mechanism that is used to bring lower prices to other products. Many generic cheap medicines from Walmart are imported from India, where they are manufactured by drug makers that include Ranbaxy and Cipla.
On February 6, 2007, the company launched a "beta" version of the movie download service, which sold about 3,000 movies and television episodes from all major studios and television networks. This service was discontinued on December 21, 2007 due to low sales.
In 2008, Walmart embarked on a pilot program in the concept of a small grocery store called Marketside in the metropolitan area of ​​Phoenix, Arizona. The four stores are closed in 2011.
In 2015, Walmart began testing wholesale pickup services, enabling customers to select products online and choose their pick-up time. At the store, a Walmart employee loads food into the customer's car. On December 17, 2017, the service is available in 39 US states.
In May 2016, Walmart announced the change to ShippingPass, a three-day delivery service, and will move from three-day delivery to two-day delivery to stay competitive with Amazon. Walmart charges $ 49 per year, compared to the $ 99 per year Amazon Prime price.
In June 2016, Walmart and Sam's Club announced that they will begin testing the latest shipment of food using services including Uber, Lyft, and Deliv, to bring customer orders to their homes. Walmart customers will be able to shop using the company's online wholesale service at the grocery store.walmart.com, then request delivery at the time of payment for a small fee. The first test is planned to be aired in Denver and Phoenix. Walmart announced on March 14, 2018 that it will expand its online shipments to 100 metropolitan areas in the United States, equivalent to 40 percent of households, by the end of 2018. Walmart International
On January 31, 2018, Walmart's international operations consisted of 6,360 stores and 800,000 workers in 26 countries outside the United States. There is a wholly owned operation in Argentina, Brazil, Canada and the UK. With 2.2 Ã, million employees worldwide, the company is the largest private company in the US and Mexico, and one of the largest in Canada. In fiscal year 2016, Walmart's international sales division was US $ 123.408 Ã, billion , or 25.8 Ã, percent of total sales. International retail units range from 8,900 to 186,000 square feet (830 to 17,280 square meters), wholesale units range from 35,000 to 185,000 square feet (3,300 to 17,200 square meters) and other units (including drugstores and convenience stores) ranging up to 2,400 square feet ( 220 square meters). Judith McKenna is president and CEO. Argentina
Walmart Argentina was established in 1995 and, on January 31, 2018, operates 106 stores under Walmart Supercenter banners (32 locations), Changomas (52 locations), Changomas Express (8 locations), Mi Changomas (8 locations), and Walmart Supermercado (6 locations).
Brazil
In 2004, Walmart bought 118 Ã, stores in the BompreÃÆ'§o supermarket chain in northeastern Brazil. At the end of 2005, he took control of Brazilian operations from Sonae Distribution Group through his new subsidiary, WMS Supermercados do Brasil, thus gaining control of the Nacional supermarket chain and Mercadorama, leaders in Rio Grande do Sul and ParanÃÆ'¡ states, respectively. None of these shops are renamed. In January 2014, Walmart operates 61 Super-BompreÃÆ'§o stores, 39 Hiper-BompreÃÆ'§o stores. It also runs 57 Walmart Supercenters, 27 Sam's Clubs, and 174 Todo Dia stores. With the acquisition of BompreÃÆ'§o and Sonae, in 2010, Walmart is the third largest supermarket chains in Brazil, behind Carrefour and PÃÆ'¯e de AÃÆ'§ÃÆ'ºcar.
Walmart Brazil, the operating company, has its headquarters in Barueri, SÃÆ' Â £ o Paulo State, and a regional office in Curitiba, ParanÃÆ'¡; Porto Alegre, Rio Grande do Sul; Recife, Pernambuco; and Salvador, Bahia. On January 31, 2018, Walmart Brasil operates 465 stores under the banner of Todo Dia (123 locations), Naconial (Sonae) (51 locations), Supermarket (BompreÃÆ'§o) (57 locations), Walmart Supercenter ( 68 locations), Maxxi Atacado (Sonae) (43 locations), BIG (Sonae) (34 locations), Hypermarket (BompreÃÆ'§o) (31 locations), Sam's Club (27 locations), Mercadorama (Sonae) (8 locations) Walmart Posto (Gas Station) (15 locations), Supermercado Todo Dia (3 locations), and Hiper Todo Dia (5 locations).
Central America
Walmart also has 51 Ã, percent of Central American Retail Holding Company (CARHCO), which, as of January 31, 2018, consists of 238 stores in Guatemala (under Paiz [26 locations], Walmart Supercenter [ 10 locations], Despensa Familiar [164 locations], and Maxi Dispensa [38 locations] banners), 95 stores in El Salvador (below Despensa Familiar [63 locations], La Despensa de Don Juan [17 locations], Walmart Supercenter [4 location], and Maxi Despensa [11 locations] banners), 103 stores in Honduras (including Paiz [8 locations], Walmart Supercenter [3 locations], Familiar Dispensa [66 locations], and Maxi Despensa [26 locations] banners), 95 stores in Nicaragua (including Pali [67 locations], La UniÃÆ'³n [8 locations], Maxi Pali [19 locations], and Walmart Supercenter banners [1 Ã, location), and 247 stores in Costa Rica ( including Maxi Pali [39 locations], Mas X Menos [35 locations], Walmart Supercenter [11 location], and Pali [162 locations] banners).
Chile
In January 2009, the company acquired a controlling stake in Chile's largest grocery store, DistribuciÃÆ'³n y Servicio D & amp; SA. In 2010, the company was renamed Walmart Chile. On January 31, 2018, Walmart Chile operates 378 stores under the Lider Hiper banner (88 locations), Lider Express (85 locations), Superbodega Acuenta (112 locations), Ekono (88 locations), and Central Mayorista (5 locations).
Mexico
On January 31, 2018, Walmart's division in Mexico, the largest outside the US, consists of 2,358 stores. Walmart in Mexico operates Walmart Supercenter (270 locations), Sam's Club (162 locations), Bodega Aurrera (503 locations), Mi Bodega Aurrera (343 locations), Bodega Aurrera Express (975 locations), Superama (95 locations), and Medimart Farmacia de Walmart (10 locations).
Canada
Walmart has operated in Canada for obtaining 122 stores comprising Woolco Woolworth Canada, Inc. division in 1994. Since January 31, 2018, the company operates 410 locations (including 334 < span> Ã, supercentres and 76 discount stores) and, by June 2015, it employs 89,358 people, with a local home office in Mississauga, Ontario. The first three Supercentres Walmart Canada (spelled in Canadian English) opened in November 2006 in Ancaster, London, and Stouffville, Ontario. 100% Canada Supercentre opened in July 2010, in Victoria, British Columbia.
In 2010, Walmart Canada Bank was introduced with the launch of MasterCard Walmart Rewards.
United Kingdom
Walmart's UK subsidiary Asda (which retains its name after being acquired by Walmart) is based in Leeds and accounts for 42.7% of Walmart's 2006 international sales division. Unlike US operations, Asda was originally and still remains the main shopping chain, but with a stronger focus on non-food items than most UK supermarket chains besides Tesco. On January 31, 2018, Asda had 642 stores, including 147 of its 2010 Netto UK acquisition. In addition to the small suburban Asda Supermarket, which has 211 locations, the larger store is a branded Supercentres, which has 32 locations. Other banners include Asda Superstores (341 locations), Asda Living (33 locations), and Asda Petrol Fueling Station (25 locations). In July 2015, Asda updated its logo by displaying Walmart Asterisks behind the first 'A' in Logo. In May 2018, Walmart sold Asda to rival J Sainsbury for $ 10.1 billion. Under the terms of the deal, Walmart gets a 42% stake in the joint venture and about  ¥ 3 billion in cash.
Africa
On September 28, 2010, Walmart announced it would purchase Massmart Holdings Ltd in Johannesburg, South Africa in a deal worth more than US $ 4 Ã, billion giving this company its first footstep in Africa. On January 31st, 2018, it has 382 Ã, stores in South Africa (under the Foodco banner [70 locations], CBW [48 locations], Games [49 locations], Builders Express [43 locations ]], Builders Warehouse [33 locations], Cambridge [42 locations], Dion Wired [24 locations], Rhino [19 locations], Makro [21 locations], Builders Trade Depot [15 locations], Jumbo [7 Ã , locations], and Builders Superstore [11 China
Walmart has a joint venture in China and several majority-owned subsidiaries. On January 31, 2018, Walmart China operates 443 stores under Walmart Supercenter (406 locations), Sam's Club (19 locations) and Hypermarket (18 locations) banners.
In February 2012, Walmart announced that the company raised its stake to 51 percent in China's online supermarket Yihaodian to capitalize on consumer wealth and help the company offer more products. Walmart took full ownership in July 2015.
Japanese
In Japan, Walmart owns 100 percent of Seiyu (Seiy?) In 2008. On January 31, 2018, there were 336 stores under Seiyu (Hypermarket) (91 locations), Seiyu (Supermarket) (236 location), Seiyu (Public Goods) (1 location ), and Livin banners (8 banners ).
India
In November 2006, the company announced a joint venture with Bharti Enterprises to operate in India. Since foreign companies are not permitted to enter the retail sector directly, Walmart operates through franchises and handles large business endings. The partnership involves two joint ventures - Bharti manages the front end, which involves the opening of retail outlets while Walmart handles the back, such as cold chain and logistics. Walmart operates stores in India under the name of the Best Modern Wholesale Price. The first store opened in Amritsar on May 30, 2009. On September 14, 2012, the Government of India approved 51 per cent of FDI in various retail brands, subject to state approval effective September 20, 2012. Scott Price, Walmart's president and CEO for Asia, told The Wall Street Journal that the company will be able to start opening Walmart stores in India within two years. Expansion into India faces several significant problems. In November 2012, Walmart claimed to spend US $ 25 span loyalty to the Indian National Congress; Lobbying is conventionally considered a bribe in India. Walmart is conducting an internal investigation into the potential violations of the Foreign Corrupt Practices Act. Bharti Walmart suspended a number of employees, reportedly including the CFO and its legal team, to ensure "complete and thorough investigation". On January 31, 2018, there are 20 Best Price locations. In October 2013, Bharti and Walmart are separated to pursue business independently.
In May 2018, Walmart Inc. announced that the deal would become the largest shareholder in India's e-commerce company, Flipkart. Subject to regulatory approval in India, Walmart will pay about $ 16 billion for an initial stake of about 77 percent in Flipkart, officially Flipkart Private Limited. The rest of the business will be held by several Flipkart shareholders, including Flipkart co-founders Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp..
Setbacks
In the mid-1990s, Walmart tried with a large financial investment to gain a foothold in the German retail market. In 1997, Walmart took over the Wertkauf supermarket chain with 21 stores for DM 750 million and the following year Walmart bought 74 Interspar stores for DM 1.3 billion. The German market at this point is an oligopoly with high competition among companies using the same low-price strategy as Walmart. As a result, Walmart's low price strategy does not produce a competitive advantage. The corporate culture of Walmart is not viewed positively among employees and customers, notably Walmart's "ethical statement", which limits relationships between employees and causes public discussion in the media, resulting in bad reputation among customers. In July 2006, Walmart announced its withdrawal from Germany due to continued losses. The stores were sold to the German company Metro during Walmart's fiscal third quarter. Walmart does not disclose its losses from German investment, but they are estimated at around EUR3 billion.
Allegations of corruption
The April 2012 investigation by The New York Times reported alleged ex-Walmart de Mexico executives that, in September 2005, the company had paid bribes through local fixers to officials throughout Mexico in exchange for construction permits. , information, and other aids, which gave Walmart a major advantage over competitors. Walmart researchers found credible evidence that Mexican and American laws have been violated. Concern was also raised that Walmart executives in the United States had "covered up" the allegations. A follow-up investigation by The New York Times published on 17 December 2012 reveals evidence that regulatory permissions for the placement, construction and operation of nineteen stores have been obtained through bribery. There is evidence that a bribe of US $ 52,000 is paid to change the zoning map, allowing the opening of a Walmart store a mile from the historic site at San Juan TeotihuacÃÆ'¡n in 2004. After the initial article was released, Walmart released a denying statement allegations and describes anti-corruption policies. While Walmart's official report stated that they found no evidence of corruption, the article stated that previous internal reports had indeed produced such evidence before the news was published. Forbes contributor Adam Hartung also commented that the bribery scandal is a reflection of Walmart's "serious management and strategy issues", stating, "[s] candals are now commonplace .. [e ] ach scandals indicate that Walmart's strategy is harder to navigate and has big problems ".
In 2012, there was an incident with CJ's Seafood, a reverse processing company in Louisiana that partnered with Walmart, who finally gained media attention over the persecution of 40 H-2B visa workers from Mexico. These workers experience harsh living conditions in hectic trailers outside of work facilities, physical threats, verbal abuse and forced to work throughout the day. Many workers are afraid to take action on harassment due to the fact that managers threaten the lives of their family members in the US and Mexico if such harassment should be reported. Eight workers are dealing with the management at CJ Seafood about the persecution but management has denied allegations of abuse and striking workers. The workers then bring their story to Walmart because of their partnership with CJ. While Walmart was investigating the situation, the workers gathered 150,000 signatures of supporters who agreed that Walmart should stand by the workers and take action. In June 2012, visa workers held protests and hunger strikes all day outside the apartment building where a Walmart board member lives. After this protest, Walmart announced his final decision to no longer work with CJ's Seafood. Less than a month later, the Department of Labor fined CJ Seafood "about $ 460,000 in repayment violations, security breaches, wages and hours, civil damages and fines for violations of the H-2B program.
In December 2012, an internal investigation is underway in the possibility of violation of the Foreign Corrupt Practices Act. Walmart has invested US $ 99 million on internal investigations, expanded outside of Mexico to involve operations in China, Brazil and India. The case has fueled the debate over whether foreign investment will result in an increase in prosperity, or whether it only allows local retail trade and economic policies to be taken over by "foreign financial and corporate interests". Sams Club Sam's Club
Sam's Club is a network of warehouse clubs that sell groceries and general merchandise, often in large quantities. From 94,000 to 168,000 square feet (8,700 to 15,600 square meters), with an average size of 134,000 square feet (12,400 square meters). Sam's Clubs is a membership warehouse club where most customers buy an annual membership. There are three types of membership at Sam's Club, each with its own benefits. Non-members can make a good purchase by purchasing a one-day membership or paying an additional fee based on the purchase price. Some locations also sell gasoline. Sam's first club opened in 1983 in Midwest City, Oklahoma under the name "Sam's Wholesale Club".
Sam's Club has found a niche market in recent years as a supplier for small businesses. All Sam Clubs open special opening hours for business members and their old slogan is "We're in Business for Small Businesses." Their slogan has been "Savings Made Simple" since late 2009, when Sam's Club seeks to attract a more diverse members base. In March 2009, the company announced that it plans to enter the electronic electronics recording business by offering a software package to doctors in a small practice for US $ 25,000 . Walmart partnered with Dell and eClinicalWorks.com in this new venture.
Based in San Francisco, California, Walmart Global eCommerce division provides online retail for Walmart, Sam's Club, Asda, and all other international brands. There are several locations in the United States in California and Oregon: San Bruno, Sunnyvale, Brisbane, and Portland. Locations outside the United States include Shanghai (China), Leeds (UK), and Bangalore (India). Marc Lore is president and CEO.
Subsidiaries
Vudu
In February 2010, Walmart agreed to buy Vudu, the start-up of Silicon Valley whose online movie services are being built into more and more television and Blu-ray players. The terms of the acquisition were not disclosed, but the person briefed on the deal said the price for the firm, which raised US $ 60 Ã, million in capital, ends US $ 100 million . Vudu is the third most popular online movie service, with a market share of 5.3 percent. Brand private label
About 40 percent of the products sold at Walmart are private label store brands, which are manufactured for companies through contracts with manufacturers. Walmart began offering private label brands in 1991, with the launch of Sam's Choice, a beverage line manufactured by Cott Beverages for Walmart. Sam's Choice quickly became popular and in 1993, was the third most popular beverage brand in the United States. Other Walmart brands include Great and Parallel Values ​​in the US and Canada and Smart Pricing in the UK. A 2006 study talked about "the size of the Walmart mind-share seems to stick to the minds of shoppers when it comes to brand awareness and private label retailers."
Entertainment
In 2010, the company collaborated with Procter & amp; Gambling to produce Secrets of the Mountain and The Jensen Project, a two-hour family movie featuring characters using Walmart and Procter & amp; Gamble branded products. The Jensen Project also features a product preview to be released within months at the Walmart store. The third movie, A Walk in My Shoes , also aired in 2010 and the fourth in production. The Walmart brand marketing director also serves as the joint chair of the National Alliance Advertisers Association for Family Fun.
Online commercial acquisitions and plans
In September 2016, Walmart bought Jet.com e-commerce company, founded in 2014 by Marc Lore, to start competing with Amazon.com. Jet.com has earned its own share of online retailers such as Hayneedle in March 2016, Shoebuy.com in December 2016, and ModCloth in March 2017.
On February 15, 2017, Walmart acquired Moosejaw, an active online outdoor retailer, for a price of approximately $ 51 million. Moosejaw brings partnerships with more than 400 brands, including Patagonia, The North Face, Marmot, and Arc'teryx.
Marc Lore, Walmart's US e-commerce CEO, said that Walmart's existing physical infrastructure in nearly 5,000 stores across the US will increase their digital expansion by doubling as a warehouse for e-commerce without increasing overhead costs. In 2017, Walmart offers store takings for online orders at 1,000 stores with plans to eventually expand services to all of its stores.
On May 9, 2018, Walmart announced its intention to acquire a 77% controlling stake on the Indian e-commerce website Flipkart for $ 16 billion (beating bids by Amazon.com), subject to regulatory approval. Once completed, website management will report to Marc Lore.
Company affairs
Walmart is headquartered in the Walmart Home Office complex in Bentonville, Arkansas. The company's business model is based on selling a wide range of general merchandise at low prices. Doug McMillon became CEO of Walmart on 1 February 2014. He also worked as head of Sam's Club and Walmart International. The company refers to its employees as "partners". All Walmart stores in the US and Canada have also established a "greeter" at the entrance, a practice pioneered by Sam Walton and later imitated by other retailers. The recipients are trained to help shoppers find what they want and answer their questions.
For years, his colleagues were identified in stores with their signature blue vests, but this practice was discontinued in June 2007 and replaced with khaki pants and polo shirts. The change of wardrobe is part of a bigger corporate improvement to boost sales and rejuvenate the company's stock price. In September 2014, the uniform was renewed to return the vest (paid by the company) to shopkeepers over the same plain and khaki or black pants paid by employees. The vest is navy blue for Walmart employees at Supercenters and discount stores, lime green for Walmart Neighborhood Market employees and yellow for self-checking employees; door gatekeepers and customer service managers. Both countries "Proud Walmart Associate" on the left chest and the "Spark" logo covering the back. Reported one of the main reasons the vest was reintroduced was that some customers had trouble identifying employees. In 2016, self-checking employees, door gatekeepers and customer service managers start wearing yellow vests for better viewing by customers. By requiring employees to wear uniforms made of standard "street clothes", Walmart is not required to purchase or replace required employees in some states, as long as they can be worn elsewhere. Businesses are only legally required to pay for clothes and branded pants or clothing that will be hard to wear outside of work.
Unlike many other retailers, Walmart does not charge a slotting fee to suppliers for their products appearing in stores. Instead, it focuses on selling more popular products and providing incentives for store managers to drop unpopular products.
On September 14, 2006, the company announced that it would terminate its layaway program, citing reduced usage and increased costs. Layaway ceased on November 19, 2006, and required merchandise picking on December 8, 2006. Walmart now focuses on other payment options, such as six and twelve month usage increases, interest-free financing. Layaway locations in most stores are now used for the Walmart Sites-To-Store program, introduced in March 2007. This enables walmart.com customers to buy goods online with free shipping options, and has the goods are shipped to the nearest store to be picked up. Walmart continues to offer Layaway seasonal in certain categories from late summer to early Christmas and throughout the year in their jewelry department.
On September 15, 2017, Walmart announced that it would build a new headquarters in Bentonville to replace its current building in 1971 and consolidate operations that have spread to 20 different buildings throughout Bentonville.
Finance and governance
For the fiscal year ending January 31, 2015, Walmart reported net income US $ 17 Ã, billion at $ 485.7 Ã, billion revenue. The company's international operations accounted for $ 197.7 billion, or 40.7 percent, of sales. Walmart is the 18th largest publicly traded company in the world, according to Forbes Global 2000 list, and the largest public company when ranked by revenue.
Walmart is governed by fifteen members of the board of directors elected annually by shareholders. Gregory B. Penner, son-in-law of S. Robson Walton and grandson of Sam Walton, served as chairman of the board. Doug McMillon serves as president and chief executive officer. Board members include AÃÆ'da ÃÆ' lvarez, Jim Breyer, M. Michele Burns, James Cash, Roger Corbett, Douglas Daft, David Glass, Marissa Mayer, Allen Questrom, Arne M. Sorenson, Jim Walton, S. Robson Walton, Christopher J Williams, and Linda S. Wolf.
The former prominent councilors include Hillary Clinton (1985-1992) and Tom Coughlin (2003-2004), the latter being vice chairman. Clinton left the board before p
Source of the article : Wikipedia
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