By Charles Fishman
Wal-Mart isn’t simply the world’s largest corporation, it truly is most likely the world’s such a lot written-about. yet no booklet till this one has controlled to penetrate its wall of silence or transcend the standard polemics to investigate its genuine results on its consumers, employees, and providers. Drawing on remarkable interviews with former Wal-Mart executives and a wealth of amazing info (e.g., american citizens spend $36 million an hour at Wal-Mart shops, and in 2004 its development by myself was once larger than the entire profit of 469 of the Fortune 500), The Wal-Mart Effect is an intimate glance at a enterprise that's dramatically reshaping our lives.
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Additional resources for The Wal-Mart Effect: How the World's Most Powerful Company Really Works--and How It's Transforming the American Economy
Terry English, one of Larry’s younger brothers, spent nineteen years as a district manager supervising ten stores, based in Oklahoma. “A good manager will come to the store about six-thirty in the morning, and get his sales for the store by department. ,” says English. “They’d work late a couple nights a week, until nine-thirty or ten. ” That typical workweek English just described amounts to more than sixty hours. ” If anything, Terry English’s own hours as a more senior manager were even more daunting.
We’re saving $5 million in nickels five or six times a year—as often as we need a new container of deodorant. The nation has saved hundreds of millions of dollars since the deodorant box disappeared. It’s a perfect Wal-Mart moment—the company used its insight, and its muscle, to help change the world. Millions of trees were not cut down, acres of cardboard were not manufactured only to be discarded, one billion deodorant boxes didn’t end up in landfills each year. It’s all unseen, all unnoticed, and all good.
The supermarket business was dominated by well-established, deeply experienced, well-run national chains. Albertsons was founded in 1939. Safeway was founded in 1915. Kroger was founded by Barney Kroger in 1883. Into that familiar group fifteen years ago stepped Wal-Mart. At the end of 1990, Wal-Mart had just nine supercenters. Ten years later, at the end of 2000, Wal-Mart had 888 supercenters—it had opened an average of 7 new supercenters a month, 120 months in a row—and Wal-Mart was the number-one food retailer in the nation.
The Wal-Mart Effect: How the World's Most Powerful Company Really Works--and How It's Transforming the American Economy by Charles Fishman