Globalization Has Been Very Good for Wal-Mart
Interesting Wal-Mart Facts
1962: Wal-Mart opens its first store in Rogers, Arkansas.
1991: Wal-Mart opens its first international store in Mexico.
2009: Wal-Mart operates 3,720 international units and 4,275 stores in the U.S., for a total of almost 8,000 stores worldwide.
In other words:
1. Wal-Mart grew from 1 store in 1962 to 8,000 stores worldwide 47 years later (2009), for an annual compounded growth rate in new Wal-Mart stores of 21.1%.
2. Wal-Mart's international operations grew from 1 store in 1991 to 3,720 stores 18 years later, which is an annual growth rate of almost 58%.
3. Wal-Mart went from a 100% domestic company in 1991 to a company with 46.5% of its stores outside the U.S. in 2009.
14 Comments:
Wow!
So at that rate of growth, when will the entire mass of the Earth be comprised of WalMart stores?
So at that rate of growth, when will the entire mass of the Earth be comprised of WalMart stores?
Not as soon as you might want to extrapolate. Anti-trust law will catch up to them well before they can even get to that moment. I just hope that I can witness the moment.
3. Wal-Mart went from a 100 domestic company in 1991 to a company with 46.5% of its stores outside the U.S. in 2009.
Their other Benedict Arnold moment? It only makes it easier for them to peddle their unreliable/deadly junk; I'd also think they can't spend on quality due to needing more PR/hired-gun lawyers than usual.
"Their other Benedict Arnold moment? It only makes it easier for them to peddle their unreliable/deadly junk; I'd also think they can't spend on quality due to needing more PR/hired-gun lawyers than usual"...
Still whining, eh sethstorm?
How about you getting some facts to back up your libelous comment?
In Sethstorm's world, American companies would be more like Kmart and Sears.
Far left loons like "Seth" think successful companies like WalMart are evil...of course, he's too dumb to consider that if it weren't for the Wal-Marts', there would be little money to spend on all of his pet government aid programs
seth,
How is wal-mart being a traitor to the U.S. by opening stores in foreign countries?
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Robert,
That's what I was afraid of. I just wanted to hear seth's explanation of why that was bad. I'm struggling to understand the negative aspect of that.
think successful companies like WalMart are evil
The good part of that company died with Sam.
How is wal-mart being a traitor to the U.S. by opening stores in foreign countries?
They create work where US citizens can't reach it or regulate it. However, it's one of their lesser sins. Driving First World producers into the ground is their greater sin.
Making foreign profits and shipping them back to the US - how un-American of them!
While all we get to show for it is a bunch of junk-grade trinkets made at the order of Chinese thugs.
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This is sheer lunacy! You're acting as if global jobs are a zero-sum game.
Near-zero, where the gains are theoretical but almost impossible.
What those Americans choose to do with their profits, whether it's buying Chinese trinkets, Japanese cars made in Tennessee, or buying an $11,000 house in Detroit
Well, when the effects of those manufacturers impact what I can buy, it becomes my business. Whether it is a pair of Altama boots, my Orion-built Aurora, or about anything US-built and designed that I have, I do make the effort to buy stuff that is US made. When something is done that threatens it (and replaces it with junk from a nation that does not understand quality) I don't care to sit by and watch it happen.
I wonder if the stores in other countries, ex China and USA, limit the amount of Chinese goods sold in the stores? If so that must make Wal-Mart's Chinese government partners very upset.
Seth - you truly are an ignoramus and clearly have never shopped at a Wal-Mart. If you had, you would know that most of your dumb comments posted here are WRONG.
Seth - you truly are an ignoramus and clearly have never shopped at a Wal-Mart. If you had, you would know that most of your dumb comments posted here are WRONG.
Hardly the case.
Well, I've seen the inside of their stores more than a few times. However, the amount they've collected from me is 0. About everything that isn't placed for PR (read: anything not made in China) has been, is, and will be junk.
Wal-Mart's Chinese bosses very upset.
Fixed that for you.
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