logo image

Brazil’s economy Essay

Wal-Mart is a retail company which has more than 8,000 retail branches in more than ten countries, the store branches make a huge profit that amounts to billions of dollars and provides employment opportunity for a lot of people across its many branches. Wal-Mart as a corporation is known for its generosity and its partnerships with international non profit organizations around the world. According to their official website, Wal-Mart started in 1962 with the opening of the initial store in Rogers, Ark.

Their shares came into market trading in 1970, and in two years they were on New York Stock Exchange. Wal-Mart had opened more than 270 branches within ten years. The year 1991 saw it become an international corporation after a Sam’s club was opened close to Mexico City eight years after their first Sam’s club membership was established (walmartstores. com). The company aims at providing its customers with a worthwhile experience as they spend less money in the Wal-Mart stores. That was the vision of the founder Sam Walton as he started the company in 1962.

The company shares were split in 1971 for the first time, at the time the shares were selling at $47 in the market, the

Need essay sample on "Brazil’s economy"? We will write a custom essay sample specifically for you for only $ 13.90/page

shares were split again after its listing in the New York Stock Exchange at a price of $47. 5, at the time the company had expanded its number of store and they were now operating in 8 states across United States between 1971 and 1974. According to the company website, the company had reached the billion dollar mark in sales thereby becoming the first company to do so within a very short time period.

With its fourth split in 1980 the company shares had reached a price of $50, in 1987, after another split the shares were selling for $66. 625, while the sales had hit the $15 billion mark and the number of employees had greatly increased (walmartstores. com). Wal-Mart does not actually manufacture any products, but instead they have found a way of bringing the manufactured goods to the customer’s hands at affordable prices as compared to the other retail stores. Wal-Mart has invested a lot of money into ensuring that their stores run smoothly and they make profits in the process.

They have a well established business ethics that has seen them succeed, they are able to keep good sales records and they ensure that there is constant supply of the products that their customers may require. The company has revolutionized business ethics in the world and how the customers are treated, and their experiences in stores have been made positive. Customers always go back to the stores because they know that their needs will efficiently be taken care of (walmartstores. com).

Operations Brazil is one of the countries where Wal-Mart had established a branch through a joint venture with Brazil’s top department store, Lojas Americanas. The partnership came into being in May 9, 1994 when Wal-Mart made an investment there. At that period in 1994, Brazil’s economy was realizing a turn around as it was improving, while its currency was also doing well against the American dollar, that was the main reason why Wal-Mart felt the need to invest there (Katobe,2003).

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy