how Walmart commenced operations in 1962 as a local discount store in Rogers, Arkansas. Furthermore, how it was originated by Sam Walton who successfully ran a retail store called Walton’s Five and Dime, an extension of a franchise store called Ben Franklin. Then after five years, Mr. Walton completed 24 stores across Arkansas with annual sales of $12.6 million. In 1968, Walmart expanded outside the state to Missouri and Oklahoma. In October 31, 1969, Wal-Mart was incorporated as Walmart Stores