Wal-Mart Stores, Inc. is a United States company engaged in the operation of department store networks. The company founded on October 31, 1962 by Sam Walton in was the largest public company in the world based on its income according to Fortune Global 500 2008. Its shares have been listed on the New York Stock Exchange since 1972. Wal-mart is headquartered in Bentonville, Arkansas.
Walmart is also the largest grocery retailer in the United States. In 2009, the Wal-mart network generated 51% of US $ 258 billion in sales in the US wholesale business. The company also owns and operates Sam’s retail warehouse club in North America. In 1988, Wal-Mart was the most profitable retailer in the United States, and in November 1990, Wal-mart beat K-Mart sales. In 1991, Wal-mart also beat the Sears sales to become the largest retailer in America.
Walmart has 10,800 stores in 27 countries, under 69 different names and e-commerce websites in 10 countries. The company operates under the name Walmart in the United States, including 50 states and Puerto Rico. Whereas in the United Kingdom stands under the name ASDA, in Japan under the name Seiyu, in Canada, Mexico under the name Walmex. Wal-Mart also operated in Germany but was closed in 2006 due to losses. In addition, Wal-Mart opened its shop in Indonesia (in Supermal Karawaci) in the mid-1990s but also closed because it was not profitable.
Wal-mart has faced criticism by several community groups who have had problems with low registration rates for employee health insurance, opposition to workers’ representation, and alleged sex discrimination.
At its inception, Walmart’s history began when a businessman and former JC Penney employee, Sam Walton, bought a branch of Ben Franklin’s shop from Butler Brothers. Sam’s focus was on selling low-priced products to get higher sales with lower profit margins . He described it as a sacrifice for consumers. He suffered a setback, because the price of renting and buying branches was very high, but he was able to find suppliers who gave low prices than those used by other shops. After graduating from the exam, his store experienced an increase of 45% in the first year of ownership of $ 105,000 in annual revenue, which increased to $ 140,000 the following year and $ 175,000 after two three years of ownership.
Now with the slogan, “Save money. Live better”, the Wal-mart shop still prioritizes ways to help many people save money and provide a better life for their customers’ families. The company is also responsible for environmental conservation issues, efforts to fight hunger, empower women and provide access to healthy and affordable food.
On its website, Walmart has a product in the form of a refurbished or used laptop that has been reassembled with new components. Available refurbished with various grades and some are also certified. The following is a display on the web along with the features that Walmart provides.