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Individual Project 1
Course: Business Policy (BUAD 4980)
14 Documents
Students shared 14 documents in this course
University: Middle Tennessee State University
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Bryan Nguyen
Dr. Arik
BUAD 4980
September 26, 2022
Walmart Corporate
I. INTRODUCTION
A. Walmart History
The story of Walmart begins in the early 1950s, when a businessman, Sam Walton,
decided to buy a small grocery store in Bentonville, AR, and named Walton's Five and Dime. On
July 1962, Sam Walton opened the first Walmart store in Rogers, AR intending to provide
discounted goods to the rural American market. In 1967, Walton continued to expand and had a
total of 24 stores in Arkansas, Missouri, and Kansas, bringing this leading retailer $12.7 million
in revenue and profit in the area. After that, Walmart stores continued to spring up in many other
places across the United States. In 1969 Walmart Stores Inc. was officially established. Within
three years, Walmart was listed on the stock exchange at $16.50 per share (Walmart).
With visionary leadership skills, Walton sought to locate stores no more than a day's drive
from the company's distribution centers to ensure the timely delivery of goods to customers and
boost the business's sales. An average facility serves 90-100 stores within a 200-mile radius
(DeShields). Between 1970 and 1980, Walmart's sales increased from $313 million to $1.2
billion, and the number of stores also increased nearly nine times. In 1983, Walton decided to
open another chain of stores called Sam's Club, which operated in tandem with Walmart and only
for registered customers (Walmart). Sam's Club is as successful as Walmart and has now
expanded its operations to the whole of the United States.
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