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 and Oklahoma, and expanded into Tennessee in 1973, and Kentucky and Mississippi in 1974. As the company expanded into Texas in 1975, there were 125 stores with 7,500 associates, and total sales of $340.3 million.
Logo used from 1968 – 1981
By 1977, Wal-Mart expanded into Illinois and made its first corporate acquisition, assuming ownership and operation of the Mohr-Value stores, which operated in Missouri and Illinois. This was followed by the acquisition of the Hutcheson Shoe Company in 1978. In the same year Walmart also branched out into several new markets, launching its pharmacy, auto service center, and jewelry divisions.
In 1981, Wal-Mart expanded into the southeastern US market, opening stores in Georgia and South Carolina, and acquiring 92 Kuhn's Big K stores. They expanded into Florida and Nebraska in 1982.
In April 1983, the company opened its first Sam's Club store, a membership-based discount warehouse club, in Midwest City, Oklahoma. They also expanded into Indiana, Iowa, New Mexico and North Carolina, and implemented "people greeters" in all of their stores. The first stores opened in Virginia in 1984.
In 1985, with 882