WAL-MART CASE STUDY
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surface-to-air missile Waltons original Waltons Five and Dime, now the Wal-Mart Visitors Center Bentonville, Arkansas.
The history of Wal-Mart can be traced back to the forties when the founder Sam Walton began his career in retailing. After creation interviewed by recruiters from Sears and JC Penney, just before graduating from the University of Missouri in Columbia, Sam accepted a job offer from JC Penney. He began working(a) at a JC Penney fund in Marshalltown, Iowa on June 3, 1940, qualification salary of $2.00/month. During his employment there, Sam Walton met James Cash Penney, the funds founder, during a visit to the store. Sam remained at JC Penney for 18 months. In September 1945, Walton acquired the franchise and lease on a variety store; Ben Franklin in Newport, Arkansas from George Scharlott. The variety store was part of a chain operated by the Butler Brothers, a regional retailer. After three years, Walton increased annual gross sales from $80,000 to $225,000 by 1948. However, the landlord, P.K. Holmes, declined to renew the lease on favorable call and Walton was agonistic to relocate before the end of 1950.
Walton was prepared to buy a five-and-dime from Jim Dodson in Siloam Springs, Arkansas, but the two were $7,000 apart on agreement on a purchase price. On may 9, 1950, Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Waltons 5 & 10. Thus, the Ozark Mountain town of 2,900 residents would become the headquarters for the worlds largest retailer.
Threats that Wal-Mart is currently facing
In order to keep prices low, Wal-Mart has had to cut be in some of their areas. They are also forcing their suppliers to offer their products at much lower prices. As a result, their competitors are forced to do the same, which in return is causing profits to drastically thrust downward. Also, RFID could possibly be a threat to Wal-Mart by ruining...If you want to get a full essay, order it on our website: Orderessay
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