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Walmart Timeline
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Wal-Mart Case Study University of Maryland University College Henrique S. Feijo LaTanya L. Felder Eugene Hunter, Jr. ITEC 610 Dr. Stella Porto April 22, 2008 Introduction Wal-Mart’s Forty-six Year History…
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- Wal-Mart Case Study University of Maryland University College Henrique S. Feijo LaTanya L. Felder Eugene Hunter, Jr. ITEC 610 Dr. Stella Porto April 22, 2008
- Introduction
- Wal-Mart’s Forty-six Year History
- 1960s:
- Sam Walton opens first discount store in Rogers, AK
- 24 stores in Arkansas with $24 million in sales
- Two stores open outside of Arkansas in Missouri and Oklahoma
- Wal-Mart is incorporated
- 1970s:
- Home office and Distribution Center opens
- Company is listed on the Hew York Stock Exchange
- Acquires 16 Mohr-Value stores and Hutcheson Shoe Company
- 276 stores, 21,000 employees, and $1.248 billion in sales
- Wal-Mart’s Forty-six Year History (cont.)
- 1980s:
- Sam Club opens and Largest distribution center opens to-date
- Acquires Kuhn’s Big K, Grand Central Shoes, and Woolco stores
- Forbes magazine ranks Wal-Mart #1 retailer for eight years straight
- 882 stores, 104,000 employees, and $8.4 billion in sales
- Wal-Mart Satellite Network (largest private satellite communication in U.S. linking all facets of company operations)
- Celebrates 25 th anniversary
- 1990s:
- Opens stores in Mexico, Puerto Rico, Canada, Argentina, Brazil, Germany and England
- Acquires Western Merchandisers, Pace Warehouse Clubs, Woolco, Interspar, Wertkauf, and ASDA Group
- 1,995 stores, 1,140,000 employees, 239 super-centers, 433 Sam’s Club, 276 international stores, and $105 billion in sales
- Wal-Mart’s Forty-six Year History (cont.)
- 2000s:
- Fortune magazine ranks Wal-Mart 5 th “Global Most Admired All-Stars”
- Hispanic Business magazine ranks Wal-Mart in “Top 25 Diversity Recruitment Programs”
- Owns 95.1% share in Seiyu stores, Japan
- 6,200 facilities globally, 1.6 million employees, and $345 billion in sales
- Joint-venture with Bharti Enterprises, India – est. Bharti Wal-Mart Private Limited
- Opens stores in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and South Korea
- 3,000 th international stores opens in Sao Paulo, Brazil
- CIO Affecting Change Wal-Mart’s Affect on the Retail Industry
- CIO/Wal-Mart Affects Industry Change
- Sam Walton distrusted information technology
- Chief Information Officer: Rollin Ford who also serves as the Executive Vice President of Logistics and Supply Chain, takes command in 2006
- Implemented radio frequency identification (RFID) for all products distributed to Wal-Mart and Sam’s Club stores
- Raised the standard for vendors and suppliers through global supply chain transformation
- Companies that do business with Wal-Mart must operate on the RFID global supply chain concept of Wal-Mart
- Rollin’s and Wal-Mart’s innovate use of information technology raise retail industry standards for excellence and efficiency
- References http://walmartstores.com/AboutUs/7603.aspx The Wal-Mart Story. Retrieved February 22, 2008, from http://walmartstores.com/AboutUs/7603.aspx . Chief Information Officer, Rollin L. Ford. Retrieved February 21, 2008, from http:// walmartstores.com/GlobalWMStoresWeb/navigate.do?catg =540&contId=6157 .
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