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The History Of Walmart
Beginning of essay
When Sam Walton opened the first Wal-Mart store in 1962, it was the beginning of an American success story that no one could have predicted. A small-town merchant who had operated variety stores in Arkansas and Missouri, Walton was convinced that consumers would flock to a discount store with a wid ....
Middle of essay
....verything they had, including their house and property to finance the first 18,000 square-foot store.
With gradual growth over the next eight years, they went public in 1970 with only 18 stores and sales of $44 million. While other large chains lagged behind, Wal-Mart soon grew rapidly in the 1970's, due to their highly automated distribution centers and computerization. By 1980, they were up to 276 stores with revenues of over $1.2 billion.
Sam Walton's guiding philosophy for his stores f.... |
| Number of words: 2986 |
Approximate pages: 11 |
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