Since its early days, Wal-Mart achieved remarkable growth rates and was the first trillion dollar company in the world. In 1999, Wal-Mart became the largest private employer in the US with 1,140,000 Associates. But with amazing success also came criticism. Wal-Mart was sued many times and even held the record for being sued the maximum at one time. Its practices and culture were held responsible for killing small local retailers. It was also criticized for gender-based discrimination, its overtime policies and using sweatshop products.
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B ut what about all the money consumers save shopping at Wal-Mart? Experts estimate that Wal-Mart’s prices run from about 5 percent to 25 percent below most competitors. Commissioned by Wal-Mart, IHS Global Insight calculated that the company’s lower prices saved . consumers $365 billion in 2007—about $1,200 per person or $3,100 per household. Such analysis led even some Democrats like Jason Furman, now economic adviser to President Barack Obama, to praise Wal-Mart as a boon to the poor. Although Furman advocates a higher minimum wage (as Wal-Mart does), he argues that even modestly higher Wal-Mart worker wages would eliminate the company’s profits or push up prices, thus implicitly hurting them.
Legal Notice: Courts have enjoined non-Associate UFCW agents from entering any Walmart property, except to shop, in Arkansas ( Read the order here ), Florida ( Read the order here ), Texas ( Read the order ), Colorado ( Read the order ), Ohio ( read the order ) , and Maryland ( Read the order ) from entering inside stores. A court has enjoined non-Associate UFCW agents from entering the insides of stores in California to engage in activities, such as picketing, patrolling, marching, parading, flash mobs, demonstrations, handbilling solicitation, manager confrontations or customer disruptions ( Read order here).