Walmart

Most admired company

Stores in all 50 states

Nations largest company

Does not have a formal mission statement

3 basic beliefs of founder

Respect for the individual

Service to our customers

Strive for excellence

Started an IPO in 1970

1999 #1 Stock in the DOW

Implementing two new concepts

1. hypermarkets 200000 sq. ft stores that sell everything

2. Supercenters scaled down supercenters

International sales were 16.7% of total company sales in fiscal 2003

Operated internationally in 9 years

Hometown USA stores..to provide the neighboring towns with their needs

Starting own clothing lines

Acquired McLane Company INC.(largest suppliers of food and merchandise to convenient stores)

Sams clubs membership cards

different levels of cards

32 billion dollar business

Supercenters are the companies faster growing division

limited of distribution (working to expand food distr.)

Locate supercenters by major food stores to provide customers with the option to choose over price, WalMart almost