Entity: WALMART
Walmart is a retail giant known for offering a wide range of products at low prices, with origins tracing back to founder Sam Walton. The company's name likely stems from 'Walton's Market'.
Walmart
Etymology
The company name is likely an abbreviation for “Walton’s Market”, after its founder, Sam Walton. It was originally spelled Wal-Mart and later changed to Walmart.
Definition
Walmart is a retail corporation known for its vast network of stores offering a diverse selection of goods at competitive prices.
Historical Context
The first Walmart store was opened in 1962 in Arkansas by Sam Walton, who became one of the richest people in the US.
Cultural Significance
Walmart is a significant player in the retail industry, known for its wide range of products and low prices, making it a popular shopping destination for many consumers.
Related Concepts
- Topstock: The highest shelves in Walmart stores meant to hold products that can't go on the regular shelves.
- WACOs: Walmart Approved Corrugated Container, used to hold products that don't easily fit on regular shelves or in bins.
- IMS: Inventory Management System, a tool used for auditing, binning, and picking merchandise in Walmart stores.
- DSD: Direct Store Delivery, items received through sources other than Walmart Warehouses.
See Also
A retail corporation known for its vast network of stores offering a diverse selection of goods at competitive prices.