Wal-Mart Stores, Inc founded by Sam Walton in 1962 grew from an old fashion 5-10 to a mega-retailer with 3,300 stores employing about 1.3 million people. Their commitment to fair treatment of their employees and their suppliers has made them one of the most successful and admired companies in the world.
For this session long project I will give a brief profile of Wal-Mart Stores, Inc. and explain it’s intentions to it’s consumer.
Wal-Mart does not claim to have an official mission statement. "Saving money so people can live better "is the promise Sam Walton made when he opened his doors 40 years ago and in an address at the beginning of the year meeting held on January 23, 2008 CEO Lee Scott remarked "We have so much to be proud of here at Wal-Mart. Perhaps more than ever before, we are delivering on our core mission to save people money so they can live better. And we are doing so at a time when people here in the U.S. and in all the countries we serve need us. Sam Walton believed that treating fellow teammates and our customers with dignity, acknowledging that hardworking people are the reason Wal-Mart stays in business and constantly striving to deliver at the lowest price are the foundation for the three basic beliefs Wal-Mart lives out every day are
1.Respect for the Individual.
2. Service to our Customer
3. Striving for Excellence
Wal-Mart has been traded on the New York Stone Exchange (NYSE) under the symbol WMT since 1972 after its initial public offering (IPO) of $16.50 per share. Their Board of Directors declares when dividends are paid and a reinvestment plan is available. Company-wide revenues that included Sam’s Club and international stores, would report a revenue/employee figure of about $190,000. But if we isolate the ...