Walmart Case
Wal-Mart serves customers and members more than 200 million times per week at more than 10,020 retail units under 60 different banners in 28 countries. With fiscal year 2010 sales of $405 billion, Wal-Mart employs 2.2 million associates worldwide.
A leader in sustainability, corporate philanthropy and employment opportunity, Wal-Mart ranked in the top ten among retailers in Fortune Magazine’s 2010 Most Admired Companies survey.
Wal-Mart was founded in 1962, with the opening of the first Wal-Mart discount store in Rogers, Ark. The company incorporated as Wal-Mart Stores, Inc., on Oct. 31, 1969. The companys shares began trading on OTC markets in 1970 and were listed on the New York Stock Exchange two years later.
Walmart has 8,500 stores in 15 countries, the company opened its first Sam’s Club membership warehouse and in 1988 opened the first supercenter — now the company’s dominant format — featuring a complete grocery in addition to general merchandise. Wal-Mart became an international company in 1991 when it opened its first Sams Club near Mexico CityWal-Mart serves more than 49 million international customers weekly at 3,146 stores in 13 markets outside the continental U.S. and employs 620,000 international associates.
Wal-Mart Foreign Exchange (FX) Risk Management Policy:
Centralized and Decentralized:
Wal-Mart’s business structure could be considered a mix of both centralized and decentralized. Store managers have decision-making power over some aspects of their store, such as who they hire, but not others, such as product reordering and selection.
The Walmart corporate office, located in Bentonville, Arkansas, was the original Walmart general office warehouse before it was converted in the 1980s. The corporate campus has since then expanded to about 15 buildings and more than 11,000 associates (employees).Wal-Mart, the worlds