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Building a Frugal Fortune: The Growth of Wal-Mart
“There’s a lot more business out there in small town America than I ever dreamed of,” said Walton. The success of his first variety store took even Walton by surprise, leading in sales and profits in the six-state region in which the Butler Brothers operated. By consistently stocking his shelves with discounted products, keeping later hours than most others, and buying wholesale goods from the cheapest suppliers, Walton managed to significantly increase his sales volume.

Lesson #2: Prioritize Your Customer
“There is only one boss,” said Walton. “The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”

Other wal mart stores Related Articles

What is Personal Branding
Mercedes, McDonalds, Wal-Mart. Like them or not, you probably have an idea of what these companies stand for and what you will get from them. For example, I probably wouldn't go to Wal-Mart to shop for a suit to wear to my next professional speaking engagement. I would, however, readily head off to Wal-Mart for back-to-school shopping for my elementary-school-age children, and homeware supplies. Upon my arrival I would fully expect to be warmly greeted by a smiling face at the door and to find an ample supply of family necessities at a fair and reasonable price. This is their brand impression.
Wal Marts brand positioning
As reported by ABC News, U.S. based retailer Wal-Mart experienced weaker than expected holiday shopping on Black Friday, prompting Wal-Mart to cut its projected sales increase for November by more than half.
Tearing Down Walls: How Walton Rose To The Top
Sam Walton passed away in 1992 but his legacy lives on. It is estimated that if the Wal-Mart chain was its own economy, it would rank 30th in the world, behind Saudi Arabia. The company’s revenues continue to grow at roughly 10% a year, likely surpassing half a trillion dollars in sales within the next decade. The international division of Wal-Mart is also its fastest-growing division, which indicates that the company is continuing to increase its presence around the world. If Sam Walton were alive today, he would be the richest person in the world, with twice the fortune of Bill Gates. How did a farm boy from Oklahoma accomplish all of this?
Smart Cents: How J.C. Penney Built An Empire
Penney once said that there were no secrets to his success, but that the principles of business were simple: “In retailing, the formula happens to be a basic liking for human beings, plus integrity, plus industry, plus the ability to see the other fellow’s point of view.” In 1920, the J.C. Penney Company had over 197 stores along the West coast. Just nine years later, that number had grown to more than 1,400 stores across the country; new stores had been opening at a rapid rate of almost one every three days. Today, the company has grown to be one of the nation’s largest retailers. By the time Penney died at the age of 95, sales for the company he had helped grow finally reached the $5 billion mark. How did he do it?
Sam Walton: A Charismatic Leader
Sam Walton of Wal-Mart Stores Inc. has been quoted as having said it takes just seven days for new employees to start treating customers the way they are treated at work. All the customer service skills and training in the world can be undone in only one week if an employee is treated poorly by his or her co-workers or boss.
Grocery industry at high risk of theft
Shoplifting is very common in the grocery stores, especially now that most stores have expanded to carry much more than just your stable grocery items. The combination of higher end consumer items combined with relatively low levels of security make it an ideal target for shoplifters. With tougher economic times it is projected that theft both internal as well as external is expected to dramatically increase. With small profit margins grocery stores need to seriously consider the prevention of shoplifting as a key component in reducing losses.
Are Macs and Wal-Marts a good match?

Apparently, there are plans afoot for Wal-Mart to sell Macs, as well as iPhones and iPods, in at least some of their stores. I'm not sure that's a good idea, but it's worth pursuing, at least on a trial basis.

My Retail Furniture Business Closed - Now What?
For 17 years I owned a small group of retail furniture specialty stores in Chicago and Southwest Michigan. I sold exotic furniture from all over the world, unusual decorative accessories and art. The retail stores were like mini-museums with price tags, and we had a great following. I got used to working long hours in my stores, so when I was forced to close them I was left with lots of time to figure out what to do next. The solution I found was in a different industry...
Black Friday – Shop at Wal-Mart and Best Buy or Invest?
Consumers are out in full force today, on ‘Black Friday', looking for great deals at retail stores. Stores like Wal-Mart, Target, Best Buy - all opening at the earliest hours of the morning to get accommodate us eager shoppers. The question for me today was - could the money I might spend today on Black Friday be put to a better use for me and my family's future by investing in something of real intrinsic value, instead of just another consumer item?
Al Futtaim to open Carrefour Franchise Hypermarket in Iraq
19th February 2010: The UAE company with the licence to operate the Carrefour SA franchise in the Middle East is looking to open its first store in Iraq as part of a wider expansion plan in the region. Majid Al Futtaim (MAF) Retail manages a joint venture in the Middle East with France's Carrefour, the world's second-biggest retailer by revenue after Wal-Mart Stores.
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