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

Wal-Mart Wal-Mart started knocked out(p) as a five and dime store by surface-to-air missile Walton back in the 1950s in Rogers, Arkansas. From those humble beginnings, Wal-Mart is now the globes largest corporation passing the likes of U.S. Steel & GM with over $256 gazillion 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, match with the effort of keeping prices as low as possible has propelled the mingled into becoming the world leader in logistics. They were one of the first to look the power of the barcode. They also shifted the industry from Push to Pull end product, meaning retailers would sink what and how much a manufacturer should produce. Due to the power possessed by Wal-Mart, other companies and suppliers have set up satellite offices around their bodily headquarters in Bentonville, Arkansas. Rubbermaid, stationed in Wooster, Ohio, wasnt w ell known until their transmutation of products donned the shelves of Wal-Mart. In 1994, they were voted as the most admired company in the States for its quality due largely to its partnership with Wal-Mart. Raw materials among other materials of production increased for Rubbermaid which meant a price increase to all of its retailers. Wal-Mart wouldnt rent 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...