Low Prices, High Cost
Wal-Mart is a name that is instantly recognizable in many countries all over the world. It conjures images of a low-price wonderland where anything a consumer would want is available all in one place. But this cheery picture that Wal-Mart tries to create is far from true. Poor worker wages and benefits, and the destruction of small communities should be what one thinks of when hearing that company name.
However, Wal-Mart didn't start out so corrupt. In 1962, Sam Walton opened his first store in Rogers, Arkansas. 1962 was the birth of the discount retailer, with the first Kmart and Target stores opening that same year. Walton's philosophy was giving the customers what they want. He said he wanted to offer "good quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable service; convenient hours; free parking; a pleasant shopping experience." In 1970, the stock was offered on the NY Stock Exchange, and the company......
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