Dow Jones Industrial Average Component
S&P 500 Component | Industry | Retailing | Founded | 1962 | Founder(s) | Sam Walton | Headquarters | Bentonville, Arkansas, U.S.
36°21′51″N 094°12′59″W | Number of locations | 8,970 (2011) | Area served | Worldwide | Key people | S. Robson Walton, Chairman
Mike Duke, President/CEO | Products | Apparel/footwear specialty, cash & carry/warehouse club, discount department store, discount store,hypermarket/supercenter/superstore,supermarket | Revenue | US$ 446.950 billion (2012) | Operating income | US$ 26.558 billion (2012) | Net income | US$ 15.699 billion (2012) | Total assets | US$ 193.406 billion (2012) | Total equity | US$ 71.315 billion (2012) | Owner(s) | Walton family | Employees | 2.2 million (2012) | Divisions | Walmart Canada | Subsidiaries | Asda, Sam 's Club, Seiyu Group,Walmex | Website | Wal-Mart Stores.com
In 1950, Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton 's 5 & 10. Thus, the Ozark Mountain town of 2,900 residents would become the headquarters for the world 's largest retailer.
In 1962 Walton invested 95% of the capital to open the first Walmart store.
By 1967, the company grew to 24 stores across the state of Arkansas, and had reached $12.6 million in sales, and by 1968, the company opened its first stores outside of Arkansas in Sikeston, Missouri and Claremore, Oklahoma.
The company 's first stock split occurred in May 1972 at a market price of $47. By this time, Walmart was operating in five states: Arkansas, Kansas, Louisiana, Missouri andOklahoma, and entered Tennessee in 1973, and Kentucky and Mississippi in 1974. As the company moved into Texas in 1975, there were 125 stores with 7,500 associates, and total sales of $340.3 million.
Logo used from 1968 – 1981
References: http://www.buzzle.com/articles/history-and-facts-about-wal-mart.html http://www.studymode.com/essays/Walmart-Brief-History-92897.html http://corporate.walmart.com/our-story/heritage/history-timeline http://people.ucsc.edu/~flannery/econ136/Papers/JDWalmart.doc http://en.wikipedia.org/wiki/Walmart http://www.businessdictionary.com/definition/Wal-Mart.html