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 usable all in one place. But this cheery pictorial matter that Wal-Mart tries to create is far from true. Poor worker wages and benefits, and the oddment of small communities should be what one thinks of when hearing that company name. However, Wal-Mart didnt arise out so corrupt. In 1962, Sam Walton undefended his set-back cut in in Rogers, Arkansas. 1962 was the birth of the discount retailer, with the first Kmart and pit stores opening that same year. Waltons philosophy was giving the customers what they want. He give tongue to he wanted to offer good quality swap; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable help; convenient hours; free parking; a pleasant shop experience. In 1970, the stock was offered on the NY Stock Exchange, and the company grew from 15 stores to 276 by the end of the ?70s. In the ?80s Wal-Mart boomed, growing to 1400 stores. They also opened the first Sams Club and the first Wal-Mart Supercenter, which included a foodstuff section.

In 1990, they became the nations number one retailer, and in ?91 they enter the international market with a store in Mexico City. In 1995 they energize stores in all liter states and have 276 international stores. Currently there are 3,700 stores in the U.S., and 1,500 others throughout the rest of the world. Wal-Mart has announced their goal to double their Supercenter stores, having 3,131 in operation by 2010. So what is the result of this expanding business? flunk local economies, lowering U.S. labor standards, and the abuse of the environment have all been attributed to the Wal-Mart corporation. One aspect I have witnessed is the electric shock on local economies. I grew up in a small town where the main retailers were locally owned grocery stores, a Target, and a... If you want to get a full essay, baffle it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .