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Ten Ways Walmart Changed the World

Ten Ways Walmart Changed the World | Geography Education | Scoop.it
On July 2, 1962 -- 50 years ago today -- Sam Walton opened the very first Walmart store in Rogers, Arkansas.

 

The Walmart business model has profoundly reshaped the economic paradigm of retail these has 50 years.  Walmart is commonly cited as a business that exemplifies the processes of globalization.  How has Walmart reshaped aspects of society such as industrial production, environmental standards, labor, urban shopping locations, the outsourcing of manufacturing and consumption? 

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Jordan Simon's comment, August 17, 2012 12:12 PM
It is crazy to think that one store could change the world but this one has. Their effective ways of selling and buying products have made this store very well known. Walmart has more than 140 millions customers shop a week which is very impressive. Without Walmart where would we be?
Rj Ocampo's comment, August 24, 2012 7:11 PM
Its amazing to see how far Walmart has come in just 50 years! Sam Walton's philosophy "Always low prices," shaped Walmart to be so successful and could not be the same without it. It's crazy to know that one store could change the globe, I just wonder how much longer Walmart can keep their success going.
Matt Nardone's comment, September 2, 2012 3:19 PM
I have to say that Walmart is my mom's favorite store. I like going there because I know that things are cheaper and I can end up saving money when I get something I need. But I never realized that they put so many small companies out of business trying to make things cheaper for customers. It is a good thing for us but bad for small business guys. What is the right balance?
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