The first Wal-Mart variety, opened in 1962, by Sam Walton in Rogers, Arkansas .The Superstore Giant now sells almost everything!. Although Wal-Mart began as a small variety store; within five years, Wal-Mart had opened an additional 23 stores with a total of 12.6 MM in sales. In May 1971, Wal-Mart acquired their first 100 percent stock split and listed on the NYSE one year later, within months, again Wal-Mart had yet another 100 percent stock split. By 1975, 125 stores were operating with 7,500 associates, $340.3 million in sales, and their third stock split. In 1979 with 276 stores, 21,000 associates and is in its 11th state; Wal-Mart became the first company to reach $1.248 billion in such a short time span.
By the 1980's Wal-Mart had five additional stock splits, November 1980, June 1982, and June of 1983, in this same year, the first SAM's club opened in Oklahoma.
September 1985 and June 1987, at this time, Wal-Mart celebrated their 25th anniversary: with 1,198 stores with sales of $15.9 billion and 200,000 associates.
By the close of the 1990's Wal-Mart had become the nations number one retailer, had its eleventh stock split , ventured into Puerto Rico , Germany and Korea, was the number one largest, private owned employer in the United States, and replaced Woolworth's on the Dow Jones industrial Average.
The turn of the Century Wal-mart was listed by Fortune Magazine as the third most admired company of America, in 2001, it was among the top 25 Diversity Recruitment Programs for its aggressive program to hire and promote Latinos, according to Hispanic Business Magazine. In 2002, Wal-Mart is ranked number one on the Fortune 500 listing.
http://www.walmartstores.com/wmstore/wmstores/Mainabout.jsp
Wal-Mart is now the world's biggest corporation, having passed Exxon Mobil. The multibillion-dollar company makes $220 billion a year.
Good
I have already written a comment it was a good one too but i think i forgot to press enter or something, so I will have to try and repeat it.
The essay is quite good, but you need more written sources, ones that are cited, instead of relying heavily on internet sources. Written texts are more reliable and credible than internet sources, which are usually propaganda based. Walmarts wages arent too bad. 28hrs a week is classified as part time work in New Zealand. I worked the pay out $15,000 pa for 28 hrs a week comes to be US$10.30 an hr. For the same work here we would be getting paid US$4.50 an hr. So when you compare the two the pay rates Walmarts pay rates arent too bad. The US$4.50 is equivalent to NZ$8 an hr. So when you calculate that out your looking at NZ$11,650 pa, or in US$6,552 which is nothing. On that one person can barely afford their accomodation and food expenses. My suggestion is to be grateful for those pay rates, they are a lot higher than what other people in different parts of the world receive.
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