3/3/2024 Walmart Online Shopping: Find Deals on Groceries, Electronics, Home Goods & More!"Read NowWalmart
Walmart is one of the world's largest multinational retail corporations, known for its hypermarkets, discount department stores, and grocery stores. Founded by Sam Walton in 1962 in Rogers, Arkansas, Walmart has grown into a global behemoth with a presence in multiple countries.
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Walmart history
On July 2, 1962, Sam Walton opens the first Walmart store in Rogers, Arkansas. The Walton family owns 24 stores, ringing up $12.7 million in sales. The company officially incorporates as Wal-Mart Stores, Inc.
Walmart's history began in 1950 when Sam Walton purchased a store in Oklahoma City and opened Walton's 5 & 10. In 1962, Walton opened the first Walmart store, called "Wal-Mart Discount City", in Rogers, Arkansas. The store sold sporting goods, fabric, photo supplies, watches, and jewelry.
Walmart's strategy was based on low prices and rural markets. The company became a publicly traded company in the 1970s and opened its first distribution center. In 1988, CEO Glass launched a major expansion program that resulted in hundreds of new stores over the next decade. By the end of the 1990s, Walmart had 3,996 stores in the U.S. and 1,004 stores globally.
In 2015, Walmart had 11,000 stores in 27 countries and 23 million employees. In 2016, Walmart introduced Walmart Pay, a digital payment tool, and purchased Jet.com, an online retailer. The original Walton store is still open and serves as a gift shop. It sells retro toys and candy and has some of the original fixtures.
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