Wal-Mart Essay -- Chain Stores Wal-Mart Sam Walton Essays

Wal-Mart Wal-Mart started surface as a five and dime store by Sam Walton bottom in the 1950s in Rogers, Arkansas. From those humble beginnings, Wal-Mart is now the worlds largest corporation passing the likes of U.S. Steel & GM with over $256 Billion in sales for one year announced at an annual stockholders meeting. What makes Wal-Mart so successful? The rise of technology and the explosion of the global economy, coupled with the parkway of keeping scathes as low as possible has propelled the conglomerate into proper the world leader in logistics. They were one of the first to understand the world-beater of the barcode. They also shifted the industry from Push to Pull production, meaning retailers would decide what and how a great deal a manufacturer should produce. Due to the power possessed by Wal-Mart, some other companies and suppliers have set up satellite offices around their corporate main office in Bentonville, Arkansas. Rubbermaid, stationed in Wooster, Ohio , wasnt well known until their variety of products donned the shelves of Wal-Mart. In 1994, they were voted as the most admired company in America for its fictitious character due largely to its partnership with Wal-Mart. Raw materials among other materials of production increase for Rubbermaid which meant a price increase to all of its retailers. Wal-Mart wouldnt accept the price increase and subsequently dropped a number of Rubbermaid products, which began the decline for the company. Newell, a rival, bought out Rubbermaid for...