Wal-Mart's Empire Expands, Again Everyone knows Wal-Mart with its discount department stores. According to the 2008 Fortune Global 500, it is the world's largest public corporation by revenue.
Summary:
Wal-Mart Store
s Inc. recently introduced a free internet classified service: Walmart.com Classifieds that runs through classified web site Oodle.com. Now it's selling its own offerings on the Web by posting the products, pets, and paraphernalia of virtually anyone who wants to list, and it carries now 30 million items. It is accessible through Walmart.com where they sell their own products, and it's not chargeable for both buyers or sellers.Wal-Mart. com Classifieds has positive prediction of reaching more than five million consumers each month through a network of sites, including newspapers, portals such as Lycos and online communities.
Opinion:
In spite of the fact that Wal-Mart is already a huge corporation with million custo
mers who like discount products, it continues to attract the attention and loyalty of their customers. Now Wal-Mart decides to expand through offerings that anyone can list on the web site. It also might be a positive influence on customers who are differently experienced in something new that Wal-Mart provides.However, not all people think the same way, as many consumers have negative responses about their expansion. For example, some of them predict that it could shut down in several years, or while Wal-mart is doing good other small businesses don't have opportunities to disclose.
Wendy Bounds, Wal-Mart's Empire Expands, Again, The Wall Street Journal, June 3, 2008
http://blogs.wsj.com/independentstreet/2008/06/03/wal-marts-empire-expands-again/?mod=rss_WSJBlog
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