Free Research Paper on Wal-Mart:
Wal-Mart is an American supermarket chain founded in 1962 by Sam Walton. In 2010, the company was the largest retailer in the world (excluding income). It has its headquarters in Bentonville, Arkansas, United States. In the fiscal year ended January 31, 2008, Wal-Mart made a net profit of 12.7 billion USD, with a turnover of 378.8 billion dollars. According to unofficial classification, Wal-Mart would be placed the 33rd between Ukraine and Colombia economies.
The first Wal-Mart store was opened as a Wal-Mart Discount City in Rogers, Arkansas. Over the next five years, the network has grown to 24 points throughout Arkansas. In 1968, the company opened its first stores outside its home state in Sikeston, Missouri and Tulsa, Oklahoma.
The company is the largest private employer in the United States, Mexico, and Canada with 1.8 million employees only in the U.S. However, it is strongly criticized for the workers exploitation, wages undercutting, trade unions opposition, and health insurance reducing. A characteristic feature of Wal-Mart are very low product prices, which means that it is a place of supply for the poorer sections of the population.
If you want to fight with the opinion of the corporation-breaking human rights, you may be interested to know that in 2008, Wal-Mart sent a letter to its suppliers with instructions prohibiting the buying of cotton and cotton-containing products from Uzbekistan due to the use by the production of forced child labor. Thus, the company joined the coalition of organizations fighting to protect abused children in Uzbekistan. In response, the government in Tashkent has prepared a National Action Plan, in which he outlined a number of steps to end the practice criticized. The company agreed to withdraw the ban, when Uzbekistan resigns from the employment of minors.
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