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In 1967 the twenty-four locations generated $12.6 million in sales; last year the company generated $312.4 billion in global revenue, establishing a new record, as stated by www.walmart.com. Wal-Mart’s 2005 revenues exceeded the combination of the next five US retailers: Home Depot, Kroger, Sears Holding Company, Costco, and Target (Schulz, 2006).
Wal-Mart operates on the largest private satellite communications network in the world, which helps to make it a very efficient store. New bar-code technology speeds up the checkout process, and also lets the warehouses know when an item needs to be replenished at specific locations (Holmes, 2001)...
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