Further, under this segment are a number of financial products ranging from bill payments to wire transfers and money orders. On the other hand, the company's international segment has in its fold online retail as well as a number of discount and retail store formats. The company's Sam's Club segment has in place private-label items as well as other merchandise categorized as either soft goods or hard goods. Further, it can also be noted that this segment currently operates 4,263 stores and has a workforce of more than 600,000 workers spread over 15 nations outside the U.S. At the moment, Wal-Mart which happens to be Mexico's and America's largest employer has a total of 2.1 million associates (employees) across the world. In some cases, Wal-Mart's foreign expansion has been marked by the acquisition of retail chains already in operation. For instance, the company's expansion to Canada was preceded by the acquisition of some divisions of Woolworth Canada.
To briefly make a mention of the company's finance and governance, it can be noted that Wal-Mart is today governed by a BOD comprising of 15 members elected by share holders on an annual basis. The current board is chaired by Robert Walton who also happens to be the son of the company's founder -- Sam Walton. The current Chief Executive Officer is Michael Duke. Wal-Mart's recent financial data released on 15th November 2011 indicates that the company's revenues were up by approximately 8.2% in the third quarter of 2011. This is in comparison to the same period last year. The company's U.S. stores recorded revenues of $63.8 billion. In comparison to the same period last year, this represents a 2.7% increase. From the time Wal-Mart's founder died in 1992, an effective cast of managers has largely been successful in consolidating the various gains made by Sam Walton by amongst other things embracing superior management techniques and shrewd decision making approaches.
It is important to note that although Wal-Mart's growth can be considered a classic case on business management, there are those who remain concerned of the effects the company has on local jobs and businesses in locations where it establishes its presence....
Wal-Mart's SWOT Analysis and Generic Business-Level Strategy Walmart's SWOT Analysis Wal-Mart's SWOT Analysis and Generic Business-Level Strategy Wal-Mart's SWOT Analysis and Generic Business-Level Strategy Wal-Mart Wal-Mart is the world's leading corporation in the retail industry. It operates in 27 countries of the world with 69 well-recognized brands. With this huge scale of operations and vast business network, Wal-Mart serves a large number of customers with numerous product categories in its retail stores, departmental stores, and
Wal-Mart: Financial Statement Analysis WAL-MART FINANCIAL STATEMENT ANALYSIS Company Description Wal-Mart Stores Inc. (WMT) is a world largest grocery chain and retail stores. The company operates 8000 stores across three business segments which include apparel, groceries, electronics and small appliances. While the company operates globally, half of the company stores are located in the United States. To complete in the international markets, Wal-Mart also operates its business through subsidiaries in Canada, Argentina, China,
Wal-Mart is the name that is well-known to all the households these days because it has established itself as the largest retailer the world over. The sales of Wal-Mart are growing with every passing day as the sales totaled up to more than $280 billion, according to the reports published in 2004. However, it should be noted Wal-Mart did not appear on the international with more than 4500 stores in
Wal-Mart Porters Wal-Mart Strategic Management Wal-Mart mission is based on the model that by simply saving people money so they can live better. The philosophy and overall business strategy was developed based on a simple idea created by founder Sam Walton: offer shoppers lower prices than they can get anywhere else. This strategy has been the basis of an incredible history and growth record for the company. This strategy still guides the
Wal-Mart's Strategic And Financial Planning: Since its inception about 50 years ago, Wal-Mart has continued to remarkable growth as a firm that focuses on providing customers with a wide range of merchandise at great prices. In its initial years, the company only operated in one store that has contributed to changes in the way retail works. Currently, the firm operates over 10,000 retail units within 69 distinct banners in 27 countries
Wal-Mart and Employee Rights Labor cost is always considered as the main issue, mostly in case of employees' unionization at Wal-Mart. This was noticed when Wal-Mart showed a remarkable earning at the rate of 44% per annum for its labor working on hourly basis. Another point which brought this issue ahead was when the sales clerk of Wal-Mart in 2001 earned wages below Federal Poverty Scale. According to an issue of
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