Wal Mart Stores, Inc.

In 1950, Sam Walton purchased a store and opened Walton’s 5 & 10 in Bentonville, Arkansas. This later became the home office of the now multi-billion dollar company. As business became more successful, Walton opened more stores and renamed the chain “Wal-mart.” Now, Walmart has stores all around the globe, with 5,229 stores in the US alone. It is considered the largest retail company in the world.

Sam Walton was born on March 29, 1918 in Kingfisher, Oklahoma. Shortly after he was born his family uprooted and moved to Missouri. Sam grew up in Missouri playing sports in high school and was a good student. He later attended the University of Missouri where he graduated with a degree in economics. After serving in World War 2, he opened his first business, a Ben Franklin franchise in Newport, Arkansas. Over a 20 year period he came to own 15 Ben Franklin stores with the help of his brother. Walton became frustrated with the management of the chain and decided to branch out on his own. In 1962, Walton opened the very first Wal-Mart.

Sam Walton was born March twenty-nine, 1918 in a small town in Oklahoma. His father was Tom Walton and his mother was Nancy Lee. Walton lived on a farm until 1923, he moved around a lot from one small town to another. He was the youngest Eagle Scott in the state of Missouri history. While finishing his degree at the University of Missouri, Walton joined J.C. Penny as a trainee in the management program in Iowa. In 1942, Walton began the military until 1945 when he completed service. By the age of 26, he took over management of his first variety store by purchasing a Ben Franklin store in Arkansas. Afterward, he purchased his second store called the Eagle right down the street from his first variety store. Sam Walton gave birth to Wal-Mart in 1962. Later that year, Walton along with his brother Bud opened sixteen stores in several states.

The Wal-Mart company was established on July 2, 1962 in Rogers, Arkansas (History Timeline). The company was based on the vision of Sam Walton, who believed in giving his customers the lowest prices, anytime, anywhere. By 1967 the Walton family owned 27 different stores, and in 1969 they officially incorporated, becoming Wal-Mart Stores, Inc. Just a year later in 1970 Wal-Mart went National, proving the wide spread appeal of Sam Walton's beliefs (History). This same year Wal-Mart became a publicly traded company, with its first shares priced at 16.50. A short year later the company was listed in The New York Stock Exchange (History Timeline). The 80's were a major success for this company. In 1983 the first Sams Club opened, this was and still is a store that sells product in bulk to small businesses and individuals. In 1988 the first Wal-Mart Super center opened. The Super center combined a full scale supermarket with general merchandise to create one stop shopping convenience (History). In 1992 the company suffered a hard hit when Sam Walton passed away at the age of 74. Although they lost the man at the heart of the company they were determined to carry on with his vision, and so they did. In 1996 they opened their first stores in China (History Timeline). By 2002 they reach the top of the Fortune 500 ranking of Americas largest companies. In 2012 Wal-Mart celebrated 50 successful years of business. Today the company employs 2.2 million associates worldwide and serves

Walmart is a multinational corporation with 11,000 retail locations located in 27 countries and is the largest retailer in the world. With over 2.2 million employees, Walmart is the also largest employer in United States the world. The history of Walmart dates back to 1962 when founder Sam Walton opened the first Walmart store in Rogers, Arkansas. By the late 1960s, total sales were over $12 million with 24 Walmart stores spread across Arkansas (Riffel, 2014). “By the end of the 1970s, Wal-Mart had expanded into a number of different services in its stores—selling pharmaceuticals, adding auto service centers, and introducing jewelry divisions.

Sam Walton is an American business leader who is well known for founding Wal-Mart and Sam’s Club, which Wal-Mart has grown to be the world’s largest cooperation. Wal-Mart first opened in 1962 after years of retail management business. The first Wal-Mart was first opened in Rogers, Arkansas. Wal-Mart is the go-to store, a place that basically has everything. Wal-Mart carries all the necessary things people uses during their everyday life for reasonable prices. Sam Walton is a successful business leader because he started a successful business years ago that is still effective today.

Sam Walton, the founder of Wal-Mart was a business man with a vision. Sam was born in 1918 in Oklahoma. He was in the military until 1945 and then moved to Bentonville. Sam Walton was a very cheap man. Mr. Walton opened his own 5&10 store, and it became a success very quickly. Walton realized that passing on savings to his customers while earning profits through volume, would be the best way to have success in life as well as providing a better life for all Americans. Through this philosophy Wal-Mart was launched in 1962, in Rogers, Arkansas. Sam shared this vision with his associates and made them partners in the company; believing that this partnership would make Wal-Mart great. Sam

Wal-Mart was founded by Sam Walton; his belief was to provide “leadership through service.” This is the principle on which Wal-Mart was built on; Sam Walton’s intentions were to sell quality products at low prices with an exceptional customer service. Sam Walton was born in 1918, and at 24 years of age he joined the Military. He was married to Helen Thompson in 1943. After

Sam Walton made a decision to sell high volumes of the products he would carry, and keep the sale prices lower than his competitors to reduce his profit margin. He was inspired by the success of other discount department stores and hired an assistant Bob Bogle, who came up with the name Wal-Mart (Dutton, 1990). By 1967, the company had grew to a total of 24 stores across Arkansas. Shortly after, Walton moved the stores to different states in Missouri, and Oklahoma. Once the 70s hit, Wal-Mart boomed into 5 more states and had over 10,000 employees. This was also when Wal-Mart started to branch into different niche segments of the market. Some examples of these are the auto care center, pharmacy, and jewelry selections. By 1982, Walmart had expanded into Florida, Georgia, South Carolina, and Nebraska. This was also when Sam Walton implemented the “people greeters” in all of their stores, which was a huge hit in the public 's eye. Because of their extreme expansion and all inclusiveness about their stores, Wal-Mart in 1988, became the most profitable retailer in the United States. Although it did not surpass Kmart, and Sears in terms of items purchased until late 1990. By 1991, Wal-Mart had expanded to all 50 states and would go international with its first store outside

The Fortune 500 was established in 1955. Fortune 500 is a list of the 500 largest companies in the United States as compiled by FORTUNE Magazine. This list is compiled by using recent figures for revenue and includes both public and private companies with publicly available revenue data. (investopia.com) The Fortune 500 companies are ranked by the amount of revenue that they are bringing in on a yearly basis. While many feel that many of those businesses are operated by men, the Fortune 500 currently released and let it be known that there are 21 women CEO’s in the Fortune 500 category. (Management.Fortune)

A man named Sam Walton opened up the first walmart in 1962. His mission statement for the first Walmart was "The lowest prices anytime, anywhere." which worked because His family owned a total of 24 stores which made about 12.7 million dollars. Only two years later the business made walmart “Wal-mart stores, inc”. His stores went public in 1970 and he had a total of 276 stores by the year of 1983 with 1 billion in annual sales.

Wal-Mart is a general merchandise discount retailer, which was incorporated in 1962. Wal-Mart’s history is based on one man, Sam Walton, who changed the course of retailing forever. Sam Walton first entered retailing when he was a management trainee at J.C. Penny Co. in 1940 in Des Moines, Iowa. After serving in the Army in World War II, Walton acquired a Ben Franklin variety store franchise with his brother James Walton in Newport Arkansas, until they lost the lease to the store in 1950. By 1962, when the first Wal-Mart Discount City was opened in Rogers Arkansas, both Walton’s were operating fifteen stores under the “Walton 5 & 10” name, and were the largest Ben Franklin franchisee in the

When Sam Walton founded the first Wal-Mart in 1962, the idea of bringing in a discount-shopping store into rural America was almost unheard of, except for the local five and dime stores. When Walton noticed that he had a lot of competition from regional discount chains, him and his wife Helen traveled the country to study other new retailing concepts, and were convinced that it was the wave of the future. With Walton's vision, Wal-Mart grew to be a multi-billion dollar, international company, operating about 4,600 stores around the world.

Wal-Mart was first opened in 1962 by Sam Walter as a retail store. It started out a five and dime store in Rogers, Arkansas and was called Walton’s. He opened this store with one goal in mind, to sale at the lowest prices possible, quality leadership and great customer services. He thought that his idea could change the retail industrial. Wal-Mart was built on a solid foundation that remains stable even after the death of Mr. Walton. Wal-Mart became the largest multinational retail store in America, with a grocery store and a pharmacy. There is a Wal-Mart in all fifty states and seventeen international states and has more than 2.3 million employees. This store

Walmart’s first store was opened up in Rogers, Arkansas in 1962 by Sam Walton. Walton had owned a retail store in the previous store and decided to utilize a unique concept to achieve high sales and rise above his competitors in the town and industry. Walton reduced the prices of his products so that they were lower to those that were being offered by the competitors. By 2007, Walmart had over 3,400 retail outlets throughout the country. The store also had 1.3 million employees and had facilitated about 6.49 % of the country’s sales in retail. Walmart deals in the sale of apparel, music, groceries and some household products. In 2005, Walmart’s end of year profits had exceeded those of other retail stores combined such as Target, Costco, Home Depo, and Sears Holding Company.