Statistics shows that from to alone, the store had been part of several class action lawsuits in different states involving hundreds of thousands of former and current employees who had their work hours and wages tampered with, as well as abused.
Additional Business to Areas When a new Wal-Mart store is built, its location immediately attracts additional businesses. List of Pros of Wal-Mart 1. Now, with the above lists of pros and cons, it is up to us to see Wal-Mart as a positive and negative influence on our society.
It is truly a one-stop shop, unlike any other store of its kind. Moreover, it does not charge a membership fee in order for you to enjoy savings.
But, we should be smart in using their services to our advantage and satisfying our needs through them. Low prices are what the company is known for, and this is true for all its products, including electronics, food and everything in between.
The jobs that Wal-Mart creates are highly essential, making it one of the most important companies in the world. To account for low wages, it pushes employees to get on several government-funded programs, such as Medicaid, public assistance and public housing. It is not that the company does not offer health insurance to their employees; it just comes at a high price for workers earning minimum wage.
Un-Environmentally Friendly Operations The Pennsylvania Department of Environmental Protection signed a consent order and agreement with the corporation in to improve environmental construction throughout the state. If a place does not have such a store of their own, its citizens would think of driving to somewhere that has one.
Bad Healthcare Coverage According to critics, Wal-Mart is a highly regarded household name that has one of the worst health care policies in all of corporate America. However, there are several debates among economists whether the company has a positive or negative influence on our society and economy, where many of them criticize it for its careless approach to becoming the powerhouse it has become today.
Inthe company was again fined a million dollars for a similar violation. Plus, by having operations in multiple jurisdictions, investors gain exposure to other currencies and middle-class growth in other countries. The agreement was made due to Wal-Mart violating water quality laws and regulations at one of its construction sites.
You can head to the chain and purchase groceries for the week, buy electronic devices, get your car repaired and shop for clothes all in a single trip. Many people even praise this giant retail chain for making it possible for them to afford goods they need most.
Low Prices Wal-Mart is known for selling items at much lower prices than other retailers, which simply means that buying a product here, over a more locally owned store, can save you more money. Patrons from surrounding communities would travel into the area to do their shopping and would often stick around, spending their money at various local hubs.
Anti-Employee Policies It is stated that Wal-Mart shows little to no respect to its employees, where they are severely mistreated and their only purpose is to fit into the philosophy that the company looks out for itself.
Illegal Citizens and Racism InWal-Mart was exposed to the public and charged for hiring illegal citizens to do some cleaning after hours. More Diverse Business Model Wal-Mart investors are exposed to a more diverse business model, due to the fact that the company is growing to other countries, such as Mexico, Brazil and China.
However, the company managed to evade criminal sanctions by settling to pay millions of dollars and then disputed the claims racial and gender discrimination. Though this attribute could also bring negative issues, such as language barriers, tax and other regulations, it is good for consumers no matter what language they speak.
This was the first ever federal enforcement against a company for multi-state violations, and the settlement forced the giant retail chain to create an environmental management plan that is worth millions of dollars to improve its compliance with the laws at each site and to minimize the result of building on watersheds and streams.
Other retailers cannot compete with the low prices it offers. List of Cons of Wal-Mart 1. The United States Environmental Protection Agency and the Justice Department reached an agreement with Wal-Mart to solve issues of clean water violations at several locations covering 5 states.Why Walmart Has An Advantage In E-Commerce.
Phalguni Soni. Market Realist. Walmart’s e-commerce sales are expected to grow 25% in fiscal year China's record trade surplus with U.S. Advantages And Disadvantages Of Walmart In China. Walmart in China Introduction Walmart, founded by Sam Walton inis the largest retail company in the world. The low cost strategy and hence the “Every Day Low Prices” (EDLP) strategy allowed Walmart to outperform competitors in the US.
By the end ofWalmart China has successfully set up 13 direct purchasing projects, covering a total area ofMu and directly benefiting over thousand farmers in 14 provinces. October 30, –Walmart Senior Executive Delegation visits the Site of the USA National Pavilion.
The jobs that Wal-Mart creates are highly essential, making it one of the most important companies in the world. 5. Additional Business to Areas When a new Wal-Mart store is built, its location immediately attracts additional businesses.
Advantages Disadvantages Of Wal Mart. Wal-Mart Stores Inc. I. Introduction In Forbes magazine’s annual ranking of the richest Americans, the heirs of Sam Walton held spots five through nine in with $ billion each. Sam Walton, the founder of Wal-Mart Stores Inc., died in April and left his fortune to his wife and four children.
Wal-Mart's Advantages and Disadvantages Wal-Mart is the single largest retail chain in the world with $ billion in sales ( Annual Report).
Through its chains Wal-Mart and Sam's Club, it sells an incredible array of products, from .Download