|Type||Discount department store/Public (NYSE: WMT)|
|When it was created||Rogers, Arkansas (1962)|
|Headquarters||Bentonville, Arkansas, USA|
|Key people||Sam Walton (1918–1992), Founder
H. Lee Scott, CEO
S. Robson Walton, Chairman
Thomas Schoewe, CFO
|Things made||Discount stores, grocery stores, and hypermarkets|
|Money earned||$315.654 billion USD (2006)|
|Net income||$11.231 billion USD (2006)|
|Employees||1.6 Million (2006)|
Walmart (NYSE: WMT) is a company founded by Sam Walton in 1962. It is one of the world's largest companies, behind Exxon Mobil. Wal-Mart stores are large department stores that sell many different things. There are more than 8,000 Wal-Mart stores around the world, and over 2 million people work for Wal-Mart.
Criticism[change | change source]
Walmart is criticized for having a poor record on labor rights, especially regarding anti-union activity. It has also been criticized for once promoting "made in America" for its' products but now largely importing the products it sells, from developing nations. Many of these jobs replaced manufacturing jobs in the U.S. along with the fact that Walmart retail jobs replaced many "mom and pop" stores in the U.S. In 2005, movie director Robert Greenwald made a documentary movie called Wal-Mart: The High Cost of Low Price that criticized Walmart. After this movie was announced, director Ron Galloway made a film that ended up being released at the same time called Why Wal-Mart Works; and Why That Drives Some People C-R-A-Z-Y. This movie had a positive view of Walmart.
References[change | change source]
- Wal-Mart and Sweatshops
- Horsley, Scott (13 November 2005). "Documentaries Offer Two Views of Wal-Mart". NPR. http://www.npr.org/templates/story/story.php?storyId=5011143. Retrieved 15 March 2010.