Wal-Mart Stores Limited, referred to as Wal-Mart for short, is an American worldwide chain enterprise, the largest company in the world in terms of turnover, and its controlling shareholder is the Walton family. Headquartered in Bentonville, Arkansas, USA.

Wal-Mart is mainly involved in the retail industry, with the largest number of employees in the world, ranking first among the Fortune 500 companies in the United States for seven consecutive years. Wal-Mart has 8,500 stores in 65,438+05 countries around the world. Wal-Mart has operations in 50 states and Puerto Rico. Wal-Mart has four main business models: Wal-Mart Shopping Plaza, Sam Member Store, Wal-Mart Supermarket and Wal-Mart Community Store.

The reason why Wal-Mart is cheap

The area of Wal-Mart is slightly larger than that of ordinary supermarkets, with an average area of about 45,000 square feet. They deal in a wide range of goods, but everything a family needs can be bought here, which is called "a family shopping". From clothing, fabrics, medicines, toys, all kinds of daily necessities, household appliances, jewelry and cosmetics, to auto parts, small yachts and so on.

All large supermarket chains adopt low-cost management strategies. What makes Wal-Mart different is that it tries its best to save money from various aspects, such as purchase channels, distribution methods, marketing expenses and management expenses, and puts forward the slogan of "parity every day and consistency", striving to realize the promise of cheaper prices than other firms. Strict purchasing attitude, perfect distribution system and advanced inventory management are the key factors for Wal-Mart to achieve the lowest cost and the cheapest price.

Refer to the above? Baidu encyclopedia-Walmart department store co., ltd