The Which Mart

In 1960-1970's there were couple of dozens of departmental stores or super markets or you name what ever you want kind of chain retail outlets in United States. Many confined to their own states, only few spread across different states and that too they weren't pan American. But now, only four to five survive.

One such store was formed by Sam Walton. According to him in his book, he was clever and was a visionary and so he founded the foundation of the world's largest retail chain and biggest company by revenue... till date. Due to his brilliant idea, consumer friendly, efficient and able store managers, their departmental store (wal*mart) grew, grew and just grew... The scale of operation sam wanted was not thought of previously, and couldn't be achieved without heavy capital, so they had debts everywhere, and that started to itch them. Then sam wanted to go public to gather capital, against the words of his wife., which she still thinks the worst decision, but sam didn't think so. Though it went public, it was not really public. They gave only meagre percent of stake to public, enough to remove the debts and enough to go country wide.

The facts are really amazing, according to his book, between 15 years some where around 1970's the company gave 9 times bonus issues, and still the price of walmart shares just rose. He had said, if some one has invested $1000 during the start of the stores, that would have fetched them $3m after 15 years (though not as good as kandhu vatti).
Amazing figures, had anyone predicted that, they would have made a kill.. In 80's and 90's in the list of richest Americans, FIVE were waltons.

India is in same situation now.. from "Sarava stores" to Reliance "fresh", more., "sunday to monday", etcetera etcetera.. to Kannan departmental stores, India now has dozens of retail

chains, sure down in 15 years we would have only a maximum of 10 retail chain. All would just vanish if other starts to grow. Now if you know WHICH mart will be Indian Wal Mart, you would definitely make a kill.

Unlike Wal mart, Indian firms must go really public, the only way to retain wealth is just by sharing it. Wealth must be given to where it was taken from,
Give some thing back to society from where you got. If you make all people around you rich, you will never go poor. But there is no sign of happening so, 80% of wealth now is in hands of just 20%. Though it is tougher to make all the 100 crore people rich, it becomes that tougher for all of them to be poor. This is what, i think happened in America. They became rich just in few decades, and lost wealth just in years.