Wal Mart Is An American Retail Company

1012 Words Apr 23rd, 2015 5 Pages
Wal-Mart Stores Inc.
Wal-Mart is an American retail company founded by Sam Walton in 1962; he opened the first Wal-Mart store on July 2, 1962 at Rogers Arkansas. The company officially incorporated on October 31, 1969 as Wal-Mart stores Inc. Wal-Mart has over 11,000 stores under 71 banners in 27 countries and consist of 2.2 million employees including 1.3 million in the U.S
It took a long time for Walmart to become what it is today. It went from being just a simple retail store in Arkansas City to become now the first retail store in the world. By 1967 the Sam Walton family owned 24 stores making approximately 12.7 million in sales; the company took a huge step toward development when it officially incorporated as Walmart stores Inc. in 1969 Inspire by the success of his first store Sam Walton decided to take the company on to the national level in 1970, opening his second store in Harrison Arkansas. This resulted to Walmart becoming a publicly traded company, selling it first stock at $16.50 per share
By 1972 Walmart was listed on the New York stock exchange owning 51 stores and recording 78 million in sales that year. Sam Walton vision and great enthusiasm led the company to it success; by 1990 Walmart became the number one retailer in the U.S and a year after Walmart went global by opening its first store in Mexico City. Follows in 1993 Walmart celebration of its first billion sales week…

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