This research paper not only describes the Walmart, that is one of the largest retail stores of the United States of America, but also analyzes on how the business boasts a very important role that it plays in the expanding and growing economy of the country today. …
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The two newspapers, New York Times and the Washington Post published articles saying that the retailer has benefited the low income consumers so much that it definitely counter-acts the harsh labor practices. There is ample empirical evidence which shows that the workers of Wal-Mart are earning below than the average and they are paid with lower wages. Apart from the monetary rewards, even the non monetary rewards that they are not sufficient. This shows that the average wages awarded to the workers of Wal-Mart are less than what many workers get awarded at different large retail stores. The controversy continued deep persisted that how the local pay scale affects Wal-Mart and its image. Research suggest that the openings of the Wal-Mart replaces the better and well paying jobs with the jobs that pay less or below than the average level. Looking at the entry of Wal-Mart and its mission of providing cost effective goods and services, the wages of the average workers have been driven down as a result. This trend is specifically noticed in the grocery stores industry. During the time period of between 1992 and 2000, it was noticed as soon as a Wal-Mart store would open up in a region; let’s say a county, the average wages will automatically push down between 0.5 and 0.9. If we take a look at the general view, the wages in the merchandise sector fell by 1% with the inauguration of a Wal-Mart store. These effects weren’t just noticed in the counties, but at the state level as well. The trend showed that with the opening of every 50 Wal-Mart stores opening, the average wages decreased 10 per cent. According to another research the health coverage offered to the workers decreased due to the entry...
This research paper describes the Walmart, that is the largest retail store of the world today which has very successfully reached an enormous size, providing its consumers the high quality products throughout the US, without compromising on the quality. Wal-Mart has introduced the strategies which help in increasing the employment rate and also focusing on the controlling of the laid off rates. They have taken notice of the critics pointing out on the labor and low wages controversies and hence have introduced strategies to control this. Wal-Mart Stores run the largest discount department stores all around the world and listed it as the world’s third largest corporation. Although it employs more than a two million workers under its name, but the critics state continuously that Walmart tries to exploit its workers with low wages and less non monetary rewards. Any company which goes big become the eye of criticism. And Wal-Mart made sure that the workers are provided with their basic benefits. A genre discrimination lawsuit was filed against Walmart stating that the female workers were treated with discrimination especially in terms of salaries, non monetary benefits and the working conditions as well. Where there are certain criticisms related to the working conditions of the employees and how they are not treated well. However, the researcher believes that this is a part of the popularity and the market share that Wal-Mart has gotten hold of in a short period of time that such criticisms are being given.
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The author states that Wal-Mart uses a perpetual inventory system wherein a good deal of technology is required. In this system, inventory quantities are updated continuously and subsidiary ledgers are updated after each transaction. Perpetual inventory provides a high degree of control, aids the management inventory levels.
The aim of the paper is to show the Wal-Mart company in the world's market. The company operates abundant large discount department stores and warehouse stores. Wal-Mart employs the service of 2,100,000 workers so as to meet the interests of its customers across the globe. It was the world’s largest retail industry and now it ranks at the third position.
The case was initiated by lead plaintiff Dukes who represented some 1.5 million employees and was filed against the company Wal-Mart for injunctive relief, punitive damages, and back pay on behalf of themselves because of Wal-Marts alleged discrimination against women in violation of Title VII of the Civil Rights Act of 1964 (Wal-Mart 1).
This has been the foundation of the retail company and the growth propeller. Wal-Mart stores are the dominant retail stores in the United Sates, with an estimated 84% of shoppers visiting the stores in the past year (Lecavalier). Currently, the company is growing further to Europe through the acquisition of Asda Stores.
Today, Wal-Mart is probably second only to Microsoft in terms of negative publicity; it is seen as devil by small business owners who have been put out of business and even those consumers who benefit from its vaunted low prices are beginning to rebel in light of complaints over customer service.
Investors consider Wal-Mart’s common shares a blue chip stock. Blue chips stocks are defined as stocks issued by a well-know company with an established record for making money and paying dividends (Teweles & Bradley & Teweles).
It is worth acknowledging that the secret behind the growth of Wal-Mart stores lies in the principles of its pioneer Samuel Moor Walton. Upon commencement of the business, Walton realized that his customers were the main source of income
It started out with advertising just like the other members of the industry who were using the newspapers but later changed when the results were dismal (Soderquist, 2005). It abandoned the strategy of advertising in the newspapers because
The use of this strategy by a well-known megastore, Wal-Mart, is explored in this paper. The efforts of Wal-Mart to establish a store in a small town need to be reviewed as they can be related to a series of advantages and
When large firms such as Wal-Mart enter communities, they have economies of scale and scope that allow them to affect the prices of goods, wages, and demand for different products in these communities. In BusinessWeek, Bianco et al. studied the pros and cons of Wal-Mart in local and national economic levels.
9 Pages(2250 words)Research Paper
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