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Walmart. Save Money. Live Better. Always Low Prices. 2,100,000 Employees Head quaters – Bentonville, Arkansas, Usa History. Revenue – 421,849,000,000 ( 3 % from 2009) Profits - $16,389,000,000 ( 14% from 2009) Assets - $180,663,000,000 Stockholder ’ s Equity - $4.47 per share.
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Walmart Save Money. Live Better Always Low Prices
2,100,000 Employees • Head quaters – Bentonville, Arkansas, Usa • History
Revenue – 421,849,000,000 (3 % from 2009) • Profits - $16,389,000,000 (14% from 2009) • Assets - $180,663,000,000 • Stockholder’s Equity - $4.47 per share
Fortune 500 General Merchandisers • Walmart #1 over $421 billion • Target #33 $67,390,000,000 • Sears Holding #57 $43,326,000,000 • Macy’s#107 • Kohl’s #144 • J.C. Penney #146
Hottest stock in Dow Jones industrial average in 2008 • Growth in sales of over 30 billion • Growth in international stores not in U.S. (U.S. sales 6%) • China alone added 28 stores
Operates stores in Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico, UK, Pakistan and US
Has over 8,500 stores in 15 countries under 55 different names • Walmex – Mexico • ASDA – UK • Seiyu – Japan • Best Price – India • Not successful in Germany and South Korea
Has over 8,500 stores in 15 countries under 55 different names • Walmex – Mexico • ASDA – UK • Seiyu – Japan • Best Price – India • Not successful in Germany and South Korea
Within 5 years expansion to 24 stores across Arkansas with $12.6 million in sales • By 1987 (25th year anniversary) – 1,198 stores with sales of $15.9 billion & 200,000 employers • 1990’s – toy sales surpassed Toys R Us
Started overseas stores in South America, Canada, Europe • 1994 Walmart Acquired 144 Wolcoo Stores across Canada
2002 first time on Fortune 500 list with revenues of $219.8 billion and profits of $6.7 billion • Has been on list every year
Criticisms • 2005 – High Cost of Low Prices released • Workers – low pay – long hours • Part time don’t qualify for benefits • Gender and race discrimination • Treatment of workers in overseas factories
Criticisms • Don’t allow workers to unionize • Locate in small towns and rural areas – small business can’t compete disappear • 80% of items in stores from China (and other periphery countries) loss of manufacturing jobs • Environmental issues
Diffusion • Christmas • coffee • family movie night • family movie night
Environmental Initiatives • 2005 Walmart announced it would implement several environmental measures to increase energy efficiency • $500 million a year to increase fuel efficiency in Wal-Mart’s truck fleet by 25% over 3 years and double it within 10, greenhouse gas emissions by 20% in 7 years, energy use at stores by 30%, and solid waste from U.S. stores and Sam’s Clubs by 25% in 3 years.
Environmental Initiatives • CEO Lee Scott said that Walmart's goal was to use only renewable energy sources and produce 0 waste. • The company also designed 3 new experimental stores in with wind turbines, photovoltaic solar panels, biofuel-capable boilers, water-cooled refrigerators, and xeriscape gardens
Environmental Initiatives • becoming the biggest seller of organic milk • biggest buyer of organic cotton in the world • reducing packaging and energy costs • Walmart also spent nearly a year working with outside consultants to discover the company's total environmental impact and find where they could improve
Environmental Initiatives • They discovered, for example, that by eliminating excess packaging on their toy line Kid Connection, they could not only save $2.4 million a year in shipping costs but also 3,800 trees and a million barrels of oil
Environmental Initiatives • Walmart has also recently created its own electric company - Texas Retail Energy - and plans to supply its stores with cheap power purchased at wholesale prices • the company expects to save $15 million annually and also lays the groundwork and infrastructure to sell electricity to Texas consumers in the future
Labour Initiatives • March 20, 2009, Walmart announced that it is paying a combined $933.6 million in bonuses to every full and part time hourly worker • An additional $788.8 million in profit sharing contributions • hundreds of millions of dollars in merchandise discounts and contributions to the employees' stock purchase plan is also included in this plan