The Silicon Review
“If we work together, we'll lower the cost of living for everyone...we'll give the world an opportunity to see what it's like to save and have a better life.”
Walmart as we know it today evolved from Sam Walton’s goals for great value and great customer service. “Mr. Sam,” as he was known, believed in leadership through service. This belief that true leadership depends on willing service was the principle on which Walmart was built, and drove the decisions the company has made for the past 50 years.
Sam Walton was born in 1918 in Kingfisher, Oklahoma. In 1942, at the age of 24, he joined the military. During this time, Sam gained early retail experience, eventually operating his own variety store. In 1950, the Waltons left Newport for Bentonville, where Sam opened Walton’s 5&10 on the downtown square. Inspired by the early success of his dime store, and driven to bring even greater opportunity and value to his customers, Sam opened the first Walmart in 1962 at the age of 44 in Rogers, Arkansas.
What started small, with a single discount store and the simple idea of selling more for less, has grown over the last 50 years into the largest retailer in the world. Today, each week, over 260 million customers and members visit Walmart’s 11,695 stores under 59 banners in 28 countries and e-commerce websites in 11 countries. With the fiscal year 2017 revenue of $485.9 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. It’s all part of the unwavering commitment to creating opportunities and bringing value to customers and communities around the world.
Fostering the Philosophies of Mr. Sam
With a goal to bring Mr. Sam's culture to the Internet, Walmart.com taps into many things that have made Walmart a universally known brand - like excellent supplier relationships, highly efficient systems, an unswerving commitment to Sam Walton's "Always Low Prices" philosophy and unrivaled retailers who strive to make the customer No. 1.
A subsidiary of Wal-Mart Stores, Inc, Walmart.com is a lot like your neighborhood Walmart store. The company features a great selection of high-quality merchandise, friendly service and, of course, Every Day Low Prices and brings the best shopping experience on the Internet.
Founded in January 2000, Walmart.com is headquartered in the San Francisco Peninsula near Silicon Valley, where it has access to the world's deepest pool of Internet executive and technical talent.
Helping Families save Money around the World: Walmart International
The company uses its size and scale to provide access to high-quality goods and fresh, nutritious food at every day low prices—while creating opportunities for its associates and small and medium-sized global suppliers.
Walmart International has more than 6,200 retail units, operating outside the United States with 55 banners in 27 countries. The company’s operations stretch as far east as Japan, down south in Chile and everywhere in between with more than 800,000 associates serving more than 100 million customers every week.
Walmart India Private Limited is a wholly owned subsidiary of Wal-Mart Stores Inc. Walmart India owns and operates 20 Best Price Modern Wholesale stores in 8 states across India. The first store opened in Amritsar in 2009.Best Price stores, a membership-based wholesale store, offers best prices with unmatched convenience, choice, quality, and hygiene. The mission of Best Price is to “Enable small businesses to prosper.
As a responsible company, Walmart India strives to improve the quality of life for employees, customers, and communities through financial contributions, in-kind donations, and volunteerism.
The company supports initiatives focused on enhancing opportunities in skills training, environmental sustainability, women empowerment and community development. Wal-Mart India’s Women Economic Empowerment Initiative aims to provide sustainable employment opportunities and significantly expand economic opportunities for women across India.
A History of Advancement, an Opportunity to Succeed
“Our people make the difference” - This phrase started as a meeting theme in 1979 and it has long been Walmart’s way of thinking. The company couldn’t serve its customers without the continued support of its greatest asset: its associates. So Walmart is proud to support them, too, by offering jobs at all levels – and investing in its workforce through training and skills development so that entry-level jobs lead to careers.
Walmart is a place of opportunity where one can go as far as the hard work and talent will take him/her. Every associate at Walmart is building better lives for their families, and the company is proud to be a part of their success stories.
Meet the Chief
Krish Iyer is President and CEO Walmart India. A long-term retail professional with global retail experience, Krish brings significant management and leadership experience to his present role. He has over three decades of rich experience in varied fields such as finance, marketing, retail & general management and has gained significant experience over the last sixteen years in various countries such as Hong Kong, Philippines, Taiwan, Malaysia, Thailand, Japan and USA in addition to India.
He joined Walmart International as a Senior Vice President in 2012. Prior to this, he served as Managing Director, A.S. Watson Group, a leading international health, beauty and lifestyle retailer. Krish was also the Managing Director and CEO of Piramyd Retail Limited. During his 7.5 years tenure, Krish also served as a CEO of Retail Business of Piramal Enterprises comprising of Shopping Malls, Department Stores, Supermarkets and Entertainment Centres & Managing Director of Piramyd Retail.
Krish has a Bachelor’s of Commerce (Hons.) degree from the University of Mumbai, India. He is a Chartered Accountant and an associate member of the Institute of Chartered Accountants of India.
Krish lives in Gurgaon. During leisure, he loves to read and spend time with his family.
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