Essay on Walmart : The Largest Retail Company

1602 Words Nov 16th, 2016 7 Pages
Walmart is one of the biggest retail company in United States earning $485.7 billion in revenues in 2015. In 1945, before Walmart organization was assembled, Sam Walton purchased a brand of the Ben Franklin Stores from the Butler Brothers. His main purpose was to sell merchandises at low costs to get higher volume sales at a lower profit margin. It was troublesome at first because the lease cost and branch buy were strangely high, but he could discover lower-cost suppliers than the ones used by different stores. The sales expanded 45 percent in his first year of ownership to $105,000 in yearly income, which raised to $140,000 the following year $175,000 and the year after that. Within the fifth year, the store was making $250,000 in profit. After the lease for the area lapsed, Walton chose to open another store in Bentonville, Arkansas called "Walton 's Five and Dime." The store was very successful and subsequently, he opened the first Walmart Discount City store in 1962, situated in Rogers, Arkansas. As time flies Walmart has over 8000 stores in 15 countries and become very popular.
Albeit having a great reputation in the United States, they also have a re putation for treating their employees horribly. Walmart is now imposed as one of US largest company with one of the worst working conditions. Even though Walmart argues that they are paying an average of $17,000 per year, this amount is considered to be “too low” for all the workers. Employees are actually claiming that…

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