Financial Statement Analysis - Essay Example

The Task III is an overall performance report with particular reference to effects of performances on market prices of each of the companies. Wal- Mart Stores Inc is largest organization in the corporate sector in the world. At present it is also the largest retailer, generating three times revenue of number two retailer France’s Carrefour SA. Wal- Mart originated in 1962 when its founder Samuel Walton and his brother J.L.(Bud) Walton opened their store in the city of Rogers in Arkansas. Its stocks began over the counter trading in 1970 and were listed with New York Stock Exchange in 1972.

In US itself Wal- Mart has around 1500 discount stores, 1471 Super centers, 538 Sam’s club, and 64 neibourhood markets. Its business has now spread to 13 countries including Argentina, Brazil, China, Canada, Germany, Mexico, UK, and others. In all there are around 7800 stores in 14 markets, and they are serving more than 176 millions of customers in a year. The objective of Wal- Mart is to serve the customers at large with far reaching range of goods at cheaper prices. In words of Sam1 “if you think about it from the point of view of customers you want everything: a wide assortment of quality merchandize; the lowest possible prices; guaranteed satisfaction; friendly knowledgeable service; and a pleasant shopping experience.

You love it when a store exceeds your expectations, and you hate it when a store inconveniences you, gives you a hard time, or pretends you are invisible.” These were the thinking of founders of Wal- Mart; and that’s the reason that Wal- Mart was bound to reach at a level of success where it stands today. Wal- mart is relentlessly indulging in social responsibility activities and that shows the commitment and responsibilities of Wal- Mart towards the society at large. Its environmental goals are to be supplied by 100% renewable energy; to create zero wastage through activities of its