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By 1988, Wal-Mart was the most profitable retailer in the United States, [7] though it did not outsell K-Mart and Sears in terms of value of items purchased until late 1990 or early 1991. By 1988, Walmart was operating in 27 states, having expanded into Arizona, Michigan, Ohio, West Virginia, New Jersey, and Wyoming.
Walmart Inc. (/ ˈ w ɔː l m ɑːr t / ⓘ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas. [11]
Hypermart USA – division of Wal-Mart; Kmart Super Center – last location closed in April 2018 in Warren, Ohio; Leedmark – a joint venture involving E.Leclerc of France; operated a single 306,000-square-foot (28,400 m 2) store in Glen Burnie, Maryland from 1991 to 1994
Lebanon is a city in and the county seat of Boone County, Indiana, United States. [5] The population was 15,792 at the 2010 census . Lebanon is located in central Indiana, approximately 29 miles (47 km) northwest of downtown Indianapolis and 36 miles (58 km) southeast of Lafayette .
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Walmart CEO Doug McMillon told Yahoo Finance the company has "been taking action to try and reduce risk." But the chain, which gets roughly 60% of its US sales from groceries, can only do so much.
As the Supercenter proved to be a much more profitable experiment, Walmart renamed the stores "Wal-Mart's Hypermart USA" in April 1990, and eventually began either converting them to Supercenter operations or closing them. As of 2023, two of the former Hypermart USA locations still operate as Walmarts while the other two have been demolished.
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