welcome to watchmojo.com I’m your host ashcan and today we take a look at some
ashcan and today we take a look at some
ashcan and today we take a look at some icons of business
icons of business
icons of business today’s profile will be on none other
today’s profile will be on none other
today’s profile will be on none other than Walmart and here are 10 things you
than Walmart and here are 10 things you
than Walmart and here are 10 things you need to know about the company Walmart
need to know about the company Walmart
need to know about the company Walmart was founded on July 2nd 1962 when Sam
was founded on July 2nd 1962 when Sam
was founded on July 2nd 1962 when Sam Walton opened its first store in
Walton opened its first store in
Walton opened its first store in Bentonville Arkansas by 1968 it open its
Bentonville Arkansas by 1968 it open its
Bentonville Arkansas by 1968 it open its first stores outside of the state in
first stores outside of the state in
first stores outside of the state in Oklahoma and Missouri within 5 years
Oklahoma and Missouri within 5 years
Oklahoma and Missouri within 5 years after its launch Walmart had 24 stores
after its launch Walmart had 24 stores
after its launch Walmart had 24 stores in sales of twelve point six million
in sales of twelve point six million
in sales of twelve point six million dollars on October 31st 1969 the company
dollars on October 31st 1969 the company
dollars on October 31st 1969 the company was incorporated and by 1972 its shares
was incorporated and by 1972 its shares
was incorporated and by 1972 its shares were trading on the New York Stock
were trading on the New York Stock
were trading on the New York Stock Exchange Walmart is the largest grocery
Exchange Walmart is the largest grocery
Exchange Walmart is the largest grocery retailer in the US with over 20% of
retailer in the US with over 20% of
retailer in the US with over 20% of sales in the category within the late
sales in the category within the late
sales in the category within the late 1990s it surpassed Toys R Us to become
1990s it surpassed Toys R Us to become
1990s it surpassed Toys R Us to become the largest toy seller in the states
the largest toy seller in the states
the largest toy seller in the states with over 40% of the market share
with over 40% of the market share
with over 40% of the market share Walmart has had both a lot of praise and
Walmart has had both a lot of praise and
Walmart has had both a lot of praise and criticism throughout its history some of
criticism throughout its history some of
criticism throughout its history some of the praise includes the fact that
the praise includes the fact that
the praise includes the fact that Walmart has been credited for
Walmart has been credited for
Walmart has been credited for single-handedly keeping prices and
single-handedly keeping prices and
single-handedly keeping prices and inflation down but on the flip side some
inflation down but on the flip side some
inflation down but on the flip side some of the criticism has to do with labor
of the criticism has to do with labor
of the criticism has to do with labor issues as well as sexism amongst its
issues as well as sexism amongst its
issues as well as sexism amongst its workforce by its 25th year anniversary
workforce by its 25th year anniversary
workforce by its 25th year anniversary in 1987 Walmart had over eleven hundred
in 1987 Walmart had over eleven hundred
in 1987 Walmart had over eleven hundred ninety-eight stores that had annual
ninety-eight stores that had annual
ninety-eight stores that had annual sales of fifteen point nine billion
sales of fifteen point nine billion
sales of fifteen point nine billion dollars and it also employed a workforce
dollars and it also employed a workforce
dollars and it also employed a workforce of over 400,000 people making it the
of over 400,000 people making it the
of over 400,000 people making it the largest private employer around the
largest private employer around the
largest private employer around the world the next year in 1988 Walmart
world the next year in 1988 Walmart
world the next year in 1988 Walmart launched its first Super Center and
launched its first Super Center and
launched its first Super Center and that’s what helped it surpass Toys R Us
that’s what helped it surpass Toys R Us
that’s what helped it surpass Toys R Us as the largest toy retailer shortly
as the largest toy retailer shortly
as the largest toy retailer shortly thereafter in the 1990s now fast-forward
thereafter in the 1990s now fast-forward
thereafter in the 1990s now fast-forward to the year 2000 when H Li Scott took
to the year 2000 when H Li Scott took
to the year 2000 when H Li Scott took over the CEO post at which point Walmart
over the CEO post at which point Walmart
over the CEO post at which point Walmart sales had skyrocketed to over a hundred
sales had skyrocketed to over a hundred
sales had skyrocketed to over a hundred sixty five billion dollars per year
sixty five billion dollars per year
sixty five billion dollars per year on September 12 2007 after 19 years
on September 12 2007 after 19 years
on September 12 2007 after 19 years Walmart changed slogan from always low
Walmart changed slogan from always low
Walmart changed slogan from always low prices always to save money live better
prices always to save money live better
prices always to save money live better Walmart launched Sam’s Club a few years
Walmart launched Sam’s Club a few years
Walmart launched Sam’s Club a few years ago which was its answer to Costco in
ago which was its answer to Costco in
ago which was its answer to Costco in other words a membership warehouse club
other words a membership warehouse club
other words a membership warehouse club but now that is probably the only
but now that is probably the only
but now that is probably the only category that Walmart has failed to gain
category that Walmart has failed to gain
category that Walmart has failed to gain dominance in a marketplace in 2006
dominance in a marketplace in 2006
dominance in a marketplace in 2006 international sales accounted for twenty
international sales accounted for twenty
international sales accounted for twenty point one percent of Walmart’s total
point one percent of Walmart’s total
point one percent of Walmart’s total revenue but if you live on the island of
revenue but if you live on the island of
revenue but if you live on the island of Manhattan you wouldn’t find a single
Manhattan you wouldn’t find a single
Manhattan you wouldn’t find a single Walmart around
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