Wal-Mart: Good for American Cities and Towns Essay -- Business Analysi

Wal-Mart has been a staple of America since July 2, 1962, when Sam Walton opened the first Wal-Mart Discount City store. Within a few years, Wal-Mart Discount City stores began to spread across the country. In 1968, it opened its first stores outside Arkansas, in Sikeston, Missouri and Claremore, Oklahoma. Sam Walton found success in offering consumers options and variety. Since that first store opened, Wal-Mart has now entered the grocery business and now the company controls about 20% of the retail grocery and consumables business. This says a lot about a man who began his retail career after working just 18 months at J.C Penny. Sam Walton found success early on with offering variety, and options when no one else was. Consumers want more for their dollar and Wal-Mart has centered their focus on this idea, and has not apologized for that fact. In fact, Wal-Mart’s sole existence relies on the consumers search for the lowest priced goods. Wal-Mart has transferred itself from a simple variety store into Wal-Mart Supercenter and has other chains which include Wal-Mart Neighborhood Market and Sam’s Club. Wal-Mart Inc. has found a way to offer options to the consumer not classically offered in grocery. By offering options such as an optical center, one-hour photo processing lab, Tire & Lube Express, and even in some cases hair and nail salons, pet shops, and pharmacies, Wal-Mart has taken steps to break the mold and offer consumers options that other stores cannot and has done a good job at that. With these types of options you could be in a Wal-Mart Superstore for hours and complete all of your afternoon shopping. This idea isn’t lost on Wal-Mart Inc., now offering the ability to get a money order from the ATM shows also why Wa... ...s prices gasoline cheaper then local competitors. Wal-Mart also has donated more than $1.5 million national BackPack Program, The Nation’s Food Bank Network will deliver backpacks filled with nutritious, protein-rich food to school children in need. With the money raised thousands of backpacks filled with much needed food for school children to take home. It has helped to rasie funds and build awarness it the problem of hunger, with a â€Å"Be A Part Of The Solution To End Hunger† campaign. Wal-Mart Inc has done a great job at bringing together what is local to the area and what isn’t and bringing to many small towns. So when a Wal-Mart stands up, it isn’t just Wal-Mart Inc who benefit, but the community. REFERENCES http://en.wikipedia.org/wiki/Wal-Mart http://walmartwatch.com/ www.walmartfacts.com/ http://www.fastcompany.com/magazine/77/walmart.html