Buy custom How Can Wal-Mart Fail?
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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2724 |
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He and his wife, Helen, gambled their life savings in order to open the first Wal-Mart store in Rogers, Arkansas, borrowing heavily on Sam's vision that the American consumer was shifting to a different type of retail consumption. As his competitors quickly expanded across the country during the 60s, Sam was able to establish 24 stores by 1967 totaling $12...
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This public offering was the catalyst to its extraordinary expansion to 276 stores in 11 states by the end of the 1970s. Sam contributed this growth to an understanding of what consumers wanted from a retailer (Wal-Mart Online).
During the 1980s, Wal-Mart was on the verge to becoming the successful Roman Empire of the retail industry, with sales growing to $26 billion, compared to $1 billion in the early 1980s along with an increase in employment of approximately tenfold...
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General points of the essay
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