Mr. Walton and Wal-Mart started to expand to only have the funds to open up 15 other stores while there rival K-Mart expanded across the country. Wal-Mart got there first big break in 1970 when stock was offered with the New York Stock Exchange. By the end of the decade they grew to open 276 stores and grew to 11 states. In the 1980’s Wal-Mart was one of the most successful retailers in America. There sales grew from $1 billion to $26 billion by the end of the 80’s.
Wal-Mart was growing in size, and growing with technology. 4. Wal-Mart invented the practice of sharing sales data via computer with major suppliers, one of there biggest suppliers was with Proctor & Gamble. Every time a Proctor & Gamble item is rung up Wal-Mart data warehouse takes note and knows when it is time to replenish a certain item. With this going on Wal-Mart rarely ran out of popular items due to this new technology. Wal-Mart also wanted to improve on the way shoppers shopped, so they invented the Wal-Mart Supercenters. They wanted shopper to only have to make one stop when shopping so they developed a super center with... [continues]
Cite This Essay
(2008, 06). Wal-Mart. StudyMode.com. Retrieved 06, 2008, from http://www.studymode.com/essays/Wal-Mart-155091.html
"Wal-Mart" StudyMode.com. 06 2008. 06 2008 <http://www.studymode.com/essays/Wal-Mart-155091.html>.
"Wal-Mart." StudyMode.com. 06, 2008. Accessed 06, 2008. http://www.studymode.com/essays/Wal-Mart-155091.html.