How And Why Has Wal Mart Established Its Current International Presence An Explanation

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How and why has Wal-Mart established its current international presence? An explanation

Author : Marc Munzer
Publisher : GRIN Verlag
ISBN 13 : 3640404726
Total Pages : 18 pages
Book Rating : 4.6/5 (44 download)

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Book Synopsis How and why has Wal-Mart established its current international presence? An explanation by : Marc Munzer

Download or read book How and why has Wal-Mart established its current international presence? An explanation written by Marc Munzer and published by GRIN Verlag. This book was released on 2009-08-19 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2008 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, University of Hull, language: English, abstract: Wal-Mart is the leading company in retail markets worldwide, with a net sale of $ 344,992 million in 2007 (Wal-Mart, 2007). Recently, its one-day sales topped the GDPs of thirty-six sovereign countries. “If it were a Independent Republic of Wal-Mart, it would be China’s sixth largest export market, and its economy would rank thirtieth in the world, right behind Saudi Arabia’s” (Moreton, 2006, 59) Many would argue that Wal-Mart is “the face of retail globalization” (Helen, 2008, 10). Nevertheless, this multinational company had to struggle through testing times to reach this status. The growth of any corporation is neither assured, nor a straightforward process – Wal-Mart’s development was not only connected with executive ambition, motivation, progression and new opportunities; but also inevitably uncertain times, unnecessary costs, legitimacy and resistance. This consequently lead to Wal-Mart’s failing in certain markets, and for this reason the board of directors need to comprehend why these different events occurred, as well as considering possible approaches to overcrossing certain barriers. This work takes a closer look at how Wal-Mart became so influential, which will be done through considering their history until present, and their strategy. Specifically discussed will be whether Wal-Mart adapted their global strategy in different countries, and if so, how such adaption was implemented.

The Wal-Mart Effect

Author : Charles Fishman
Publisher : Penguin
ISBN 13 : 9781594200762
Total Pages : 316 pages
Book Rating : 4.2/5 (7 download)

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Book Synopsis The Wal-Mart Effect by : Charles Fishman

Download or read book The Wal-Mart Effect written by Charles Fishman and published by Penguin. This book was released on 2006 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: An award-winning journalist breaks through the wall of secrecy to reveal how the world's most powerful company really works and how it is transforming the American economy.

The Wal-Mart Success Story

Author : Christian Kneer
Publisher : GRIN Verlag
ISBN 13 : 3640419804
Total Pages : 26 pages
Book Rating : 4.6/5 (44 download)

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Book Synopsis The Wal-Mart Success Story by : Christian Kneer

Download or read book The Wal-Mart Success Story written by Christian Kneer and published by GRIN Verlag. This book was released on 2009-09-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2005 in the subject Business economics - Trade and Distribution, grade: 1,3, University of Hull, language: English, abstract: This report should call attention to the success story of Wal-Mart and reveal by using appropriate strategic framework why they are one of the most controversial companies. Subsequently, the goal of this strategic analysis is to examine Wal-Mart’s quest to dominate international markets. In addition Wal-Mart’s corporate identity will be discussed and several solutions to the challenges will be proposed.

The Retail Revolution

Author : Nelson Lichtenstein
Publisher : Metropolitan Books
ISBN 13 : 1429989718
Total Pages : 320 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis The Retail Revolution by : Nelson Lichtenstein

Download or read book The Retail Revolution written by Nelson Lichtenstein and published by Metropolitan Books. This book was released on 2009-07-21 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive account of how a small Ozarks company upended the world of business and what that change means Wal-Mart, the world's largest company, roared out of the rural South to change the way business is done. Deploying computer-age technology, Reagan-era politics, and Protestant evangelism, Sam Walton's firm became a byword for cheap goods and low-paid workers, famed for the ruthless efficiency of its global network of stores and factories. But the revolution has gone further: Sam's protégés have created a new economic order which puts thousands of manufacturers, indeed whole regions, in thrall to a retail royalty. Like the Pennsylvania Railroad and General Motors in their heyday, Wal-Mart sets the commercial model for a huge swath of the global economy. In this lively, probing investigation, historian Nelson Lichtenstein deepens and expands our knowledge of the merchandising giant. He shows that Wal-Mart's rise was closely linked to the cultural and religious values of Bible Belt America as well as to the imperial politics, deregulatory economics, and laissez-faire globalization of Ronald Reagan and his heirs. He explains how the company's success has transformed American politics, and he anticipates a day of reckoning, when challenges to the Wal-Mart way, at home and abroad, are likely to change the far-flung empire. Insightful, original, and steeped in the culture of retail life, The Retail Revolution draws on first hand reporting from coastal China to rural Arkansas to give a fresh and necessary understanding of the phenomenon that has transformed international commerce.

Wal-Mart Going Global

Author :
Publisher : GRIN Verlag
ISBN 13 : 3656424926
Total Pages : 22 pages
Book Rating : 4.6/5 (564 download)

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Book Synopsis Wal-Mart Going Global by :

Download or read book Wal-Mart Going Global written by and published by GRIN Verlag. This book was released on 2013-05-03 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2010 in the subject Business economics - Operations Research, grade: 1,0, Anglia Ruskin University, course: International Business, language: English, abstract: With Wal-Mart being one of the biggest retailers in the world, serving customers in more than 8,650 retail units in 15 countries, as stated by the company (Wal-Mart, 2010), it makes the perfect example to look at in terms of globalisation and the impacts and strategies that relate to it. A very brief explanation by Holm and Sørensen (1995, p. 12) defines globalisation as “The intensification of economic, political, social and cultural relations across borders”. In my opinion this phrase is too superficial to actually explain all the outcomes and interrelations of the complexity of globalisation. It is also unknown regarding how to measure the degree on relations across the world and also their intensification as well as whether relationships exist between the economic, political, social and cultural relations. I believe that a definition should also be addressed about the technological and financial transformation that is currently taking place, the geographical reallocation of production and the emerging of a „powerless nation state“. Others see the phenomena of globalisation rather simple. Levitt (2006, p. 133) stated that “The world’s needs and desires have been irrevocably homogenised”, which leads one to believe that consumer tastes around the world appear to merge. While this is also referred to as the ‘simultaneous theory of internationalisation’, it means that standardised products, services and strategies can be used around the globe. Keeping in mind of Levitt’s thesis, this paper first gives a general overview of the impacts of globalisation on Wal-Mart as this is important to understand ongoing argumentation. Later, it will concentrate on Wal-Mart’s presence in Germany, explaining the market entry into the country while concurrently focusing on strategies used and outcomes of the company’s actions in Germany.

Walmart in China

Author : Anita Chan
Publisher : Cornell University Press
ISBN 13 : 0801462681
Total Pages : 305 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis Walmart in China by : Anita Chan

Download or read book Walmart in China written by Anita Chan and published by Cornell University Press. This book was released on 2011-11-15 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Walmart and "Made in China" are practically synonymous; Walmart imports some 70 percent of its merchandise from China. Walmart is now also rapidly becoming a major retail presence there, with close to two hundred Walmarts in more than a hundred Chinese cities. What happens when the world's biggest retailer and the world's biggest country do business with each other? In this book, a group of thirteen experts from several disciplines examine the symbiotic but strained relationship between these giants. The book shows how Walmart began cutting costs by bypassing its American suppliers and sourcing directly from Asia and how Walmart's sheer size has trumped all other multinationals in squeezing procurement prices and, as a by-product, driving down Chinese workers’ wages. China is also an inviting frontier for Walmart’s global superstore expansion. As China's middle class grows, the chain's Western image and affordable goods have become popular. Walmart's Arkansas headquarters exports to the Chinese stores a unique corporate culture and management ideology, which oddly enough are reminiscent of Mao-era Chinese techniques for promoting loyalty. Three chapters separately detail the lives of a Walmart store manager, a lower-level store supervisor, and a cashier. Another chapter focuses on employees' wages, "voluntary" overtime, and the stores' strict labor discipline. In 2006, the official Chinese trade union targeted Walmart, which is antilabor in its home country, and succeeded in setting up union branches in all the stores. Walmart in China reveals the surprising outcome.

Wal-Mart World

Author : Stanley D. Brunn
Publisher : Taylor & Francis
ISBN 13 : 0415951372
Total Pages : 426 pages
Book Rating : 4.4/5 (159 download)

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Book Synopsis Wal-Mart World by : Stanley D. Brunn

Download or read book Wal-Mart World written by Stanley D. Brunn and published by Taylor & Francis. This book was released on 2006 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a billion shoppers worldwide, Wal-Mart World is the first book to look at this incredibly important phenomenon in global perspective, its broad scope makes it essential reading for anyone interested in the global impact of this economic colossus.

Wal-Mart's European Business Strategy

Author : Tomislaw Dalic
Publisher : GRIN Verlag
ISBN 13 : 3638245365
Total Pages : 23 pages
Book Rating : 4.6/5 (382 download)

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Book Synopsis Wal-Mart's European Business Strategy by : Tomislaw Dalic

Download or read book Wal-Mart's European Business Strategy written by Tomislaw Dalic and published by GRIN Verlag. This book was released on 2004-01-15 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2001 in the subject Business economics - General, grade: very good, Maastricht University (Business Administration), course: European Business Startegy, language: English, abstract: How many retailers would one expect to be in the top ten of the global fortune 500? There is one, and it has a firm second position, leaving behind mammoth companies such as Ford and General Motors (www.fortune500.com). Wal-Mart is the world’s largest retailer with 195 billion dollars in revenue in the year 2000, with operations mainly concentrated in the United States. Renowned in the United States for their discount centres, they have diversified into wholesaling to sustain the explosive growth of the seventies and eighties. Making use of acquired knowledge in distribution and inventory management technology, these new formulas proved to be profitable as well. However, the United States of America were not big enough to satisfy the needs of such a giant company, and international expansion was inevitable. After entry in South-America and Asia, Europe is the next market to be penetrated by Wal-Mart. The time seems right, as extensive liberalization has opened up the European Union and far-reaching economic integration between member states have created a huge common market, offering scale economies in purchasing and distribution similar to U.S. operations. Wal-Mart can use experience from previous foreign expansions to implement the correct strategy for Europe. This paper analyses Wal-Mart’s European strategy, the rational behind its move to Europe and implications for its European competitors. It explains the following problem statement: Wal-Mart’s entry into the European market was a strategic move rather than the pursuit of a growth opportunity. A brief review of Wal-Mart’s history will be followed by the factors explaining their success in the United States, coming together in a concept called “strategic fit”. After a short summary of their foreign expansion into South-America to stress the importance of the transferability of the concept of strategic fit, a description of the European retail industry will be given. Then the European retail industry is analysed with the help of the generic five forces model from Porter. The paper ends with a conclusion hinting at the future of the European retail market.

Winning in Everything, Everywhere to Everyone

Author : Alexandra Calderaro
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (992 download)

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Book Synopsis Winning in Everything, Everywhere to Everyone by : Alexandra Calderaro

Download or read book Winning in Everything, Everywhere to Everyone written by Alexandra Calderaro and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this thesis is to explore the triumphs and struggles of retail companies adopting an omni-channel presence. In a climate of increased customer demands, current retail giants are forced to push previous boundaries in product assortment, speed of service, and supply chain innovation. Two companies particularly susceptible to changing market expectations are Wal-Mart and Amazon. In the quest to become the largest player in retail, each entity is experimenting in online and physical environments, causing much speculation as to who will win the hearts and dollars of U.S. retail customers.To determine the likelihood of each companys success, the historical philosophies and past practices of Wal-Mart and Amazon were analyzed. This analysis was used to compare the two companies on five key attributes that helped ascertain various sources of competitive advantage. All information was obtained through literature reviews of articles, publications, journals, and additional resources from 1962, the year of Wal-Marts founding, to present.This research has shown that, while Wal-Mart currently possesses a more dominant physical advantage, Amazon has proven that they will provide the necessary resources, financial and otherwise, to win the retail market in a relentless quest for domination. However, due to Amazons extensive external business ventures that fund its current innovations, it is necessary to question how viable it is to compare the two companies. In order to continue to compete in the retail space, Wal-Mart must work on the marriage between online and store data, whereas Amazon must better leverage logistical operations with its third-party vendors. This suggests that both companies must focus on growth areas before either can overtake the market.

The Globalization of Wal-Mart

Author : Ellen Israel Rosen
Publisher : Workers Press
ISBN 13 : 9780578144627
Total Pages : 222 pages
Book Rating : 4.1/5 (446 download)

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Book Synopsis The Globalization of Wal-Mart by : Ellen Israel Rosen

Download or read book The Globalization of Wal-Mart written by Ellen Israel Rosen and published by Workers Press. This book was released on 2014-08-28 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE GLOBALIZATION OF WAL-MART is the only book that details Wal-Mart's expansion around the world, and its methods for exploiting its workers. Covering more than 15 countries, world-wide, from North America to Europe, South America, Central America, Africa, and Asia, Professor Rosen reveals both how Wal-Mart has succeeded in becoming the largest retail multi-national corporation, as well as why Wal-Mart has failed in establishing a strong foothold in a few places. This book also reveals how Wal-Mart's anti-union policies have allowed it to succeed financially, while leading many consumers and workers to demand better treatment. This book is dedicated to the future success of Wal-Mart workers to achieve fair pay and humane treatment while on their jobs.

The Wal-Mart Way

Author : Don Soderquist
Publisher : Thomas Nelson Inc
ISBN 13 : 1418514012
Total Pages : 217 pages
Book Rating : 4.4/5 (185 download)

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Book Synopsis The Wal-Mart Way by : Don Soderquist

Download or read book The Wal-Mart Way written by Don Soderquist and published by Thomas Nelson Inc. This book was released on 2005-04-19 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Sam Walton's death in 1992, Wal-Mart has gone from being the largest retailer in the world to holding the top spot on the Fortune 500 list as the largest company in the world. Don Soderquist, who was senior vice chairman during that time, played a crucial role in that success. Sam Walton said, "I tried for almost twenty years to hire Don Soderquist . . . But when we really needed him later on, he finally joined up and made a great chief operating officer." Responsible for overseeing many of Wal-Mart's key support divisions, including real estate, human resources, information systems, logistics, legal, corporate affairs, and loss prevention, Soderquist stayed true to his Christian values as well as Wal-Mart's distinct management style. "Probably no other Wal-Mart executive since the legendary Sam Walton has come to embody the principles of the company's culture-or to represent them within the industry-as has Don Soderquist," Discount Store News once reported. In The Wal-Mart Way, Soderquist shares his story of helping lead a global company from being a $43 billion company to one that would eventually exceed $200 billion. Several books have been written about Wal-Mart's success, but none by the ones who were the actual players. It was more than "Everyday Low Prices" and distribution that catapulted the company to the top. The core values based on Judeo-Christian principles-and maintained by leaders such as Soderquist-are the real reason for Wal-Mart's success.

The Wal-Mart Revolution

Author : Richard K. Vedder
Publisher : A E I Press
ISBN 13 :
Total Pages : 266 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Wal-Mart Revolution by : Richard K. Vedder

Download or read book The Wal-Mart Revolution written by Richard K. Vedder and published by A E I Press. This book was released on 2006 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wal-Mart is under attack--from labor unions, urban planners, globalization critics, and community activists. Looking at Wal-Mart, the authors review conditions before and after Wal-Mart entered a local market and look more broadly at Wal-Mart's impact on wages, productivity growth and inflation. Vedder and Cox show that the retailer has been a force for good.

The Quest for Global Dominance

Author : Anil K. Gupta
Publisher : John Wiley & Sons
ISBN 13 : 1119097452
Total Pages : 320 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis The Quest for Global Dominance by : Anil K. Gupta

Download or read book The Quest for Global Dominance written by Anil K. Gupta and published by John Wiley & Sons. This book was released on 2015-01-12 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Anil K. Gupta, Vijay Govindarajan, and Haiyan Wang are among the most distinguished experts in the field of globalization. In The Quest for Global Dominance they present the lessons from their twenty-year study of over two hundred corporations. They argue that, in order for a company to create and maintain its position as a globally dominant player, executives must ensure that their company leads its industry in the following four essential tasks: Identifying market opportunities worldwide and pursuing them by establishing the necessary presence in all key markets Converting global presence into global competitive advantage by identifying and developing the opportunities for value creation that global presence offers Cultivating a global mindset by viewing cultural and geographic diversity as an opportunity, not just a challenge Leveraging the rise of emerging markets especially China and India to transform the company's growth prospects, global cost structure, and pace of innovation

Wal Mart Business Case Study

Author : Nihat Canak
Publisher : GRIN Verlag
ISBN 13 : 3638575047
Total Pages : 21 pages
Book Rating : 4.6/5 (385 download)

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Book Synopsis Wal Mart Business Case Study by : Nihat Canak

Download or read book Wal Mart Business Case Study written by Nihat Canak and published by GRIN Verlag. This book was released on 2006-11-28 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2006 in the subject Business economics - Offline Marketing and Online Marketing, grade: 1.0, Western Carolina University, course: Marketing Management & Mature Consumers, language: English, abstract: Wal-Mart, the largest retail company in the world, specializes in the operation of mass merchandising and supermarket stores. The company operates through three segments, namely the Wal-Mart stores, Sam’s Club, and the International segments in Asia, Europe, and South America. Wal-Mart is headquartered in Bentonville, Arkansas. Wal-Mart recorded total revenues of $287.9 billion during the fiscal year ended January 2005, an increase of 11.3% over fiscal 2004. The company recorded a net income of $10.2 billion in fiscal 2005, an increase of 13.4% over 2004. There are several issues that impresses me about this company and of course some that I find unimpressive. First of all, a question that I asked myself for so many times was: How could it be that it is so easy to get in but so hard to get out? I can imagine that ever since they built a “super” WALMART here in Cullowhee, the place has really livened up (I can not tell how it was before. I just spent a year in Cullowhee as an international student). I mean where else can a guy go at 2 o’clock in the afternoon and find more people than there are open registers. It is literally amazing to me for the simple fact that every experience is a new one. You walk in and there is just as much hustle and bustle as Santa’s workshop, or Hugh’s Mansion. So you grab a cart and immediately jump in the fast lane. Not a good move in my opinion, once I had a fender bender with an elderly woman. She rammed into the back of my leg in a motorized cart and before I could say excuse me she said, “That’s how people get run over.” But as usual I kept on truckin’ and the first place I go is to the toiletries section. I always go there first because no matter what you always need something. From that point on, you are infected with the Wal-Mart virus. This infection deteriorates the bankbook and can result in permanent financial trauma. My advice is to practice safe Wal-Mart spending and bring somebody who has no money. The worst part of the whole experience comes upon exiting the building when you have to pass the security checkpoint at the door wearing a rubber glove. I really hate this part because it makes you feel like you did steal something. The person politely asks for your receipt and looks at it to make sure you got everything. What are they going to do, look at it and say “excuse me sir are you aware that you stole this?”

The Expansion of a Retail Chain

Author : Anthony P. Ostrander
Publisher :
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4.:/5 (777 download)

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Book Synopsis The Expansion of a Retail Chain by : Anthony P. Ostrander

Download or read book The Expansion of a Retail Chain written by Anthony P. Ostrander and published by . This book was released on 2011 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Marketing Management

Author : Masaaki Kotabe
Publisher :
ISBN 13 : 9781119298847
Total Pages : 673 pages
Book Rating : 4.2/5 (988 download)

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Book Synopsis Global Marketing Management by : Masaaki Kotabe

Download or read book Global Marketing Management written by Masaaki Kotabe and published by . This book was released on 2017 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: TRY (FREE for 14 days), OR RENT this title: www.wileystudentchoice.com The 7th Edition of Global Marketing Management prepares students to become effective managers overseeing global marketing activities in an increasingly competitive environment. The text's guiding principle, as laid out concisely and methodically by authors Kotabe and Helsen, is that the realities of international marketing are more "multilateral." Suitable for all business majors, the text encourages students to learn how marketing managers work across business functions for effective corporate performance on a global basis and achievement of overall corporate goals. Global Marketing Management brings timely coverage in various economic and financial as well as marketing issues that arise from the acutely recessionary market environment.

The Impact of Wal-Mart on the British Retail Market

Author : Axel Antoni
Publisher : GRIN Verlag
ISBN 13 : 3638696936
Total Pages : 93 pages
Book Rating : 4.6/5 (386 download)

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Book Synopsis The Impact of Wal-Mart on the British Retail Market by : Axel Antoni

Download or read book The Impact of Wal-Mart on the British Retail Market written by Axel Antoni and published by GRIN Verlag. This book was released on 2007-08 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 2002 in the subject Business economics - Miscellaneous, grade: 2,7 (B-), University of Applied Sciences Regensburg (Business), 44 entries in the bibliography, language: English, abstract: Wal-Mart In 1945 Sam Walton opened his first variety store in Newport, Arkansas. It was a Ben Franklin franchise. After five years it became the number-one Ben Franklin Store for sales and profit within six American states . In 1950 Sam Walton opened Walton′s Five and Dime store in Bentonville, Arkansas, where Wal-Mart′s headquarter is still based today. It was only the third self-service variety store in the United States of America. Though it was still a Ben Franklin franchise Sam Walton bought in much more products from other sources . After successfully rolling out this model into other towns he and his brother James ′Bud′ Walton launched their first Wal-Mart in Roger, Arkansas in 1962. It was their first independent store. In 1969 Wal-Mart stores were incorporated as Wal-Mart Stores, Inc. Shortly after, in 1970, Wal-Mart now operating 18 stores with an annually turnover of $44 million went public. In the same year they opened their first distribution centre and their home office in Bentonville, Arkansas. With sales of $1.2 billion and 276 stores the company′s stock was approved and listed on the New York Stock Exchange in 1972. This Text is looking at the impact Wal Mart's expansion outside the US has had on both the UK and the German grocery market places. It contains a demographic market analysis of both the German and UK grocery market and deals with possible movements caused by Wal Mart's entry to these markets. It also provides an overview of its US operations and long term strategy. Part of the text is a comprehensive analysis of Wal Mart's market entry strategy in relation to market entry strategy.