Uncle Sam's army: Walmart in the American imagination

Walmart began as a small mom and pop store in Arkansas in the 1950s and has evolved into one of the largest retailers in the world today. The chain’s major hallmark: selling goods at prices lower than local mom-and-pop stores. (Sources: WEF Reports, Statista, Business Insider, Bloomberg)
Curated By: Madhu Kapparath
Published: May 16, 2018
Uncle Sam's army: Walmart in the American imagination

Image by : Ajay Verma/Reuters

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  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
  • Uncle Sam's army: Walmart in the American imagination
In November 2006, Walmart launched its wholesale cash-and-carry business in India in a joint venture with Bharti Enterprises. As foreign corporations were not allowed to enter the retail sector directly, Walmart operated through franchises and handled the wholesale end of the business. The first store opened in Amritsar in 2009 under the name Best Price Modern Wholesale. In November 2012, Walmart admitted to spending $25 million lobbying which is conventionally considered bribery in India. In October 2013, Bharti and Walmart separated to pursue business independently. A day after announcing $16 billion investment in India's largest online retailer Flipkart, Walmart Inc said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores to its existing 21 stores in the next four or five years