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Logo used since January 13, 2025 Sam Walton's original Walton's Five and Dime, now the Walmart Museum Visitor Center in Bentonville, Arkansas.. The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. [1]
Wal-Mart continued to grow rapidly, and by the company's 25th anniversary in 1987, there were 1,198 Wal-Mart stores with sales of $15.9 billion and 200,000 associates. [33] One reason for Wal-Mart's success between 1980 and 2000 is believed to be its contiguous pattern of expansion over time, building new distribution centers in a hub and spoke ...
Walmart founder Sam Walton and his wife Helen, on their wedding day, February 14, 1943. At the time, Sam was a management trainee with the J.C. Penney Company. Photo: Courtesy of Walmart
Wal-Mart: A History of Sam Walton's Retail Phenomenon. Twayne Publishers. ISBN 0-8057-9833-1. Fishman, C. (2006). The Wal-Mart Effect: How the World's Most Powerful Company Really Works – and HowIt's Transforming the American Economy. Penguin. Marquard, W. H. (2007). Wal-Smart: What it really takes to profit in a Wal-Mart world. McGraw Hill ...
Walmart became a publicly traded company in 1970, and its first stock was sold at $16.50 per share, according to its corporate website. World's richest person: Elon Musk, Jeff Bezos and more fight ...
Walmart Supercenters, first established in 1998, are cast in the same mold. Though supercenters average 187,000 square feet, Walmart’s Albany location is nearly 40% larger. That said, you’ll ...
The majority of the family's wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of Walmart. Walmart is the world's largest retailer, one of the world's largest business enterprises in terms of annual revenue, and, with just over 2.2 million employees, the world's largest private employer.
Even the Walmart Museum, housed in some of the company’s original store locations, is getting a facelift, with a new interactive, life-sized hologram of founder Sam Walton, who died in 1992.