Walmart

Topics: Wal-Mart, Retailing, Department store Pages: 41 (12709 words) Published: August 29, 2013
Wal-Mart’s history is more than just the stores they have built, the partnerships they have made and the customers they have served. 1960’s:
Retail Revolution
Sam Walton's strategy was built on an unshakeable foundation: The Lowest Prices Anytime, Anywhere. 1962
On July 2, 1962, Sam Walton opened the first Wal-Mart store in Rogers, Arkansas. 1967
The Walton family owned 24 stores, ringing up $12.7 million in sales. 1969
The Company officially incorporated as Wal-Mart Stores, Inc. 1970’s:
Wal-Mart Goes National
In the 1970s, a decade of incredible growth; "Mr. Sam" began to take Wal-Mart national, proving his vision's widespread appeal. 1970
Wal-Mart became a publicly traded company. The first stock was sold at $16.50 per share. 1971
The first distribution center and Home Office opened in Bentonville, Ark. 1972
Wal-Mart was listed on the New York Stock Exchange (WMT). With 51 stores, Wal-Mart recorded sales of $78 million. 1975
Inspired by a visit to a Korean manufacturing facility, Sam Walton introduced the Wal-Mart cheer. 1979
The Wal-Mart Foundation was established.

1980’s:
Decade of Firsts
In the 1980s, the first Sam's Club opened, serving small businesses and individuals, and the first Wal-Mart Supercenter opened, combining a supermarket with general merchandise. 1980
Wal-Mart reached $1 billion in annual sales, faster than any other company at that time. Wal-Mart had 276 stores and employed 21,000 associates. 

1983
The first Sam’s Club opened in Midwest City, Oklahoma.
Wal-Mart replaced cash registers with computerized point-of-sale systems, enabling fast and accurate checkout. 1984
Sam Walton did the hula on Wall Street, making good on a promise to associates after the company achieved a pre-tax profit of 8% for the previous fiscal year.

1987
The company installed the largest private satellite communication system in the U.S., linking the company's operations through voice, data and video communication.

1988
The first Wal-Mart Supercenter opened in Washington, Mo., combining general merchandise and a full-scale supermarket to provide one-stop shopping convenience. David Glass was named CEO.
1990’s:
America’s Top Retailer
By 1990, Wal-Mart was the nation's number-one retailer. As the Wal-Mart Supercenter redefined convenience and one-stop shopping, Every Day Low Prices went international. 1991
Through a joint venture with Cifra, a Mexican retail company, Wal-Mart went global, opening a Sam’s Club in Mexico City.

1992
While receiving the Medal of Freedom, Sam Walton articulated the company’s mission of saving people money so they can live better, shortly before passing away at age 74. Rob Walton became chairman of the board.

Wal-Mart employed 371,000 associates in 1,928 stores and clubs.

1993
Wal-Mart celebrated its first $1 billion sales week
1994
Wal-Mart expanded into Canada with the purchase of 122 Woolco stores.

1996
Wal-Mart opened its first stores in China.

1997
The Company celebrated its first $100 billion sales year.

1998
The Neighborhood Market format was introduced with three stores in Arkansas.

1999
Wal-Mart entered the United Kingdom with the acquisition of ASDA. 2000’s:
New Millennium
Wal-Mart entered the new millennium dedicated to offering customers a seamless shopping experience, whether they are online, in a store or on a mobile device. 2000
H. Lee Scott, Jr. succeeded David Glass as CEO.
Walmart.com was founded, allowing U.S. customers to shop online. Wal-Mart employed more than 1.1 million associates in 3,989 stores and clubs worldwide.

2002
For the first time, Wal-Mart topped the Fortune 500 ranking of America's largest companies. Wal-Mart entered the Japanese market through its investment in Seiyu.

2005
Walmart took a leading role in disaster relief, contributing $18 million and 2,450 truckloads of supplies to victims of hurricanes Katrina and Rita. Walmart made a major commitment to environmental sustainability,...
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