Wal-Mart the first store was opened In 1962, by Sam Walton, at that time the store was call Wal-Mart Discount City, in Rogers, Arkansas. Within five years the company expanded to 24 stores across the state of Arkansas and reached $12.6 million in sales. In 1968 the company opened its first stores outside of Arkansas in Sikeston, Missouri and Claremore, Oklahoma.
The company was incorporated as Wal-Mart Stores, Inc. on October 31, 1969, and in 1970, opened its home office in Bentonville, Arkansas, as well as its first distribution center. There were now 38 stores operating with 1,500 employees and sales of $44.2 million. The company began trading stock at this time as a publicly held company on October 1, 1972, and was listed on the New York Stock Exchange shortly thereafter. Wal-Mart grew rapidly during the 1980s and 1990s. In 2005, it was the world's second highest groosprofit corporation
With annual sales estimated to top $165 Billion for the most current year ending January 31.Wal-Mart is by far the world's largest retailer store selling from a to z you name it Wal-Mart has it from children to adult clothes, household good for any room in your home, lawn care equipment, furniture and plant, tools, even a grocery store in many of their stores. Wal-Mart stores includes 1,821 Wal-Mart discount stores, 650 Wal-Mart Super centers grocery and general merchandise combo and 453 Sam's Club stores members only, wholesale outlets in the United States. Plans for the coming year include adding 40 new discount stores, 165 Super centers and 25 Sam's Club stores. An incredible 92% of the shopping public visited Wal-Mart last year and one-third of the American population shops at Wal-Mart every week. The high percentage of weekly shoppers may be attributable to employee loyalty, since Wal-Mart is also the largest private employer in the United States.
Although dominant in the United States, Wal-Mart only derives 7% of sales from foreign... [continues]
Cite This Essay
(2007, 06). Business Policies. StudyMode.com. Retrieved 06, 2007, from http://www.studymode.com/essays/Business-Policies-118116.html
"Business Policies" StudyMode.com. 06 2007. 06 2007 <http://www.studymode.com/essays/Business-Policies-118116.html>.
"Business Policies." StudyMode.com. 06, 2007. Accessed 06, 2007. http://www.studymode.com/essays/Business-Policies-118116.html.