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Wal-Mart

Introduction
Walmart Stores Inc. is synonymous with low prices and name brand quality products. The company basis of success and foundations cannot be credited to the current CEO Lee Scott but famed Sam Walton. Walmart formula for success simply put is their relationship with customers,employees, and technology that assists in forming relationships with their suppliers;places Walmart Stores Inc. as the top discount retailer.
History,Development, and Growth
Sam Walton led Walmart to become the top discount retailer. The mega corporation has eliminated top competitors such as Kmart and Sears to reign supreme over the discount retailing market. Following World War Two, discount retailing evolved due to frugality during the war. Walton opened the first Walmart in Rogers,Arkansas in 1962. The philosophy Walton acquired to start Walmart began with his earlier experience at JC Penny. The philosophy is based on delivering products based on quality and value combined with superb......


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Approximate Word Count: 1587
Approximate Pages: 7 (250 words per double-spaced page)

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