According to Walmart Statistics & Facts, Walmart is thelargest discount department store in the world. In 2017, the company’s totalsales rounded up to $481.
32 billion U.S. dollars. These numbers have risen overthe past few years, increasing in percent in 2017 compared to last year. As of2017 the company made more than eleven thousand stores throughout the world andthis is most likely going to increase as the company continues to grow in sizeinto emerging. Firstly, Walmart building a supercenter in the town of Smalls would be an excellent opportunity for thecommunity. It will not only create jobs for members of the community, but itwill also increase the economy.
. Prior to the super center being built, Walmartwill first have to remove the asbestos during demolition of the large warehouse,which can cost up to $100,000 dollars depending on the square footage.Environmental remediation deals with removing of pollution from the environmentsuch as soil, groundwater, sediment or surface water. This means that oncerequested by the government or a land remediation authority, instant actionshould be taken as this can affect human health and the environment negatively.The cost to remediate a certain location depends on the extent of contaminationthat occurred.Secondly, communities with WalmartSupercenters are far better on taxable retail sales than those communitieswithout Walmart Supercenters. Total retail sales in certain communities withWalmart Supercenters have risen by 20% while communities without Supercentershave lowered by an average of 12% after the opening of those stores.Lastly, Walmart will provideconvenience to its customers through immediate, nearby, no-cost,no-meter-feeding, no-tow parking space.
Construction of the Walmart facilitywill provide some temporary construction jobs to local persons. Walmart willattract additional business to the community consisting of persons who willpatronize Walmart from other communities within a certain number of miles (orradius) from the Walmart store. It will cause the adopted town to grow,together with the values of some of the real estate surrounding the Walmartfacility.
In conclusion, building a Walmartin a small town will provide opportunity for some local residents to start fromsquare 1 and work up in the Walmart organization. Walmart will also providetraining for its employees, provide profit-sharing motivation, health care andother thing to help its employees. Walmart will also include features andpromote American products and services through its Buy American or Bring ItHome to America programs, and Walmart will treat its employees as partners inthe Walmart organization. Walmart will also respect and treat its employeeswell as valued members of the Walmart family and compensate its employeesfairly and bring prosperity to its employees and the communities in which itoperates and lastly become a contributor to the local community.