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Wal-Mart Introduction SWOT Strategy Questions News Introduction Brief Introduction Wal-Mart was founded by Sam walton in 1962 in a small town in Arkansas. After 50 years of development , Wal-Mart has become the biggest private employer and the largest retail chain entreprise in the world. By 2010,Wal-Mart opened in 15 countries around the world with more than 8,000 stores, consists of 53 brands, the total number of employees over 2.1 million,200 million people per week visit Wal-Mart’s stores. In China, there are 101 stores in 53 cities, including traditional stores ,supercenters and Sam’s club stores. In 1991,Wal-Mart’s annual sales exceeded $ 40 billion , becoming one of the world’s large-scale retail enterprises. Wal- Mart’s 1993 annual sales up to $ 67.34 billion, rank first the nation’s retail list. Brief Introduction From 2000 on, Wal-Mart ranked first in the magazine FORTUNE global 500 companies in 2002,2003,2004,2005,2007,2008,2010,2011. While Wal-Mart ranked second in 2000,2001,2006,third in 2009. Development Development Development March 1988 , founded the first Wal-Mart cheap shopping center in Washington City, Missouri . 1993, in England, France, Germany and other European countries, has 330 retail stores, its overseas turnover of 27.6% of the total turnover. 1997, Wal-Marts annual sales topped $ 100 billion to $ 105 billion. Development In 1999, the total number of employees reached 114 million to become the worlds largest private employer. 2005, implementation of the $ 1 billion aid plan, the Japanese retail business Seiyu holdings of shares in Seiyu to 56.56%. November 2010, Wal-Mart Chinas brand Sams Club stores to launch an online shopping service in China. Culture “Honest ”in Wal-Marts culture is a very important vocabulary. Each Wal-Mart employees know, Wal-Mart are not afraid of making mistakes, and there will be a dedicated person to help you to correct mistakes, but there is an error can not be for
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