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Basic Financial Information Regarding…

Our fiscal year ends on the 31st of every year. So for our fiscal year that ended January 1st of 2005, we ran $285.2 billion in revenue. At the time, at the time, that was in fact the largest company in the…

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Employees Will Be Reassigned To New…

RFID I mentioned that it takes a lot of human beings away from it. So what happens if you don't have as many employees doing those types of things? The answer is really simple. Those employees actually get…

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New Products Being Offered In Apparel…

I mentioned a couple of weeks ago we advertised in Vogue magazine. All right. Never, never would you expect to find Wal-Mart apparel in Vogue magazine. Before we did that, we had to have an assortment that…

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His Current Position As Senior Vice…

A couple of quick things about what I do. Ed mentioned that I am the senior vice president of perishables. I would have procurement and merchandising responsibilities for meat, deli, and seafood, produce, and…

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Media Issues Facing Wal-Mart

Working conditions, what I mean by that. One of the knocks you hear about Wal-Mart or retailers in general is that we have sweatshops in Pakistan someplace or hiring three-year-old children to manufacture…

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Wal-Mart's Involvement In Charitable…

Here are a couple of things that aren't in the financial report. We happen to be the largest cash contributor to charities in the United States. Last year we gave $170 million. And that breaks down to about…

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Wal-Mart Adopts Product Assortments To…

A store in the community is something that is very vital to us. I'll give you - what that essentially means is this. If you go into the store here in Ithaca, and I hope you all do. How many of you all shop…

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Summary on His Lecture On Wal-Mart

So in summary, large multinational company that improves the standard of living of people around the world - we really do that. Not only do we save them money, but in many countries around the world there is…

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Concept of Every Day Low Price…

Time will clearly tell if it is the right strategy or not. When you think about an operator that is traditionally what they call high-low - running a hot ad, that is kind of like a drug in the arm. I mean…

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Thoughts on How To Compete Against…

If you were another retailer, if you were Safeway or Kroger, one of these other multibillion-dollar retailers, what strategy would you use against Wal-Mart? BP: [chuckles] I actually thought about going into…

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History of Wal-Mart Organization

Clearly Wal-Mart has changed the rules of the game in retailing. Ed mentioned that we are the largest company in the world. Well when measured by retail, actually we are second. Once gas got over $3 a…

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The Introduction and Growth of the…

Here in the United States, are most of you familiar with what a super center is? Audience participation - or go -. If you don't know, combination of general merchandise store and a food store all under one…

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Social Issues Regarding Radio…

Now my personal concern is ultimately I will have an RFID chip on my shirt and my wife will know where I am all the time. And that is not always... But you know, to that point, there are an awful lot of…

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Challenges of Hiring and Retention at…

We have to hire through growth and attrition somewhere in the neighborhood of 500,000 people a year. How would you like to head up Human Resources for that activity? Big, big responsibility. And so most of…

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Growth Opportunities Lie In…

You saw in an earlier slide that we have got 1,200-and-some odd discount stores that are not super centers yet. The super center vehicle is our major domestic driving format here in the United States. There…

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Wal-Marts International Expansion Via…

Talked a little bit about our global expansion. And talk about the size that we're doing in 16 countries. Our first international unit opened in Mexico in 1991. From that we have market share in Mexico,…

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Thoughts on Wal-Mart's Supplier…

Supplier relationships I want to talk a little bit about it. What you hear about Wal-Mart is that we beat the heck out of suppliers all the time and we take them - get them in the back room with a rubber hose…

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Thoughts on Environmental…

And a broad initiative that we have got going on right now is in the whole area of environmental sustainability. And when you think about it, if you think about Wal-Mart - we'll call it our environmental…

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Thoughts on Radio Frequency…

How many of you are familiar with radio frequency identification? Huge deal. It is a huge, huge deal. The easiest example that I can illustrate for you is if some of you all have a freeway pass where instead…

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Thoughts on Wal-Mart's Perception…

Becoming relevant to a broader consumer base. You may have heard recently - well did you all know that a couple of weeks ago we advertised in Vogue magazine? Well - I won't ask for a show of hands. But would…

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