Wal Mart, Inc. Essay

790 Words Nov 17th, 2015 4 Pages
The company I researched is Wal-Mart, Inc. Their founder was Sam Walton at first was a J.C Penney employee purchased a branch of the Ben Franklin Stores from the Butler Brothers in 1945 to start his business Due to him selling products at low prices to get higher-volume sales at a lower profit margin made him experience some setback, but was able to get over the issue. After his not being able to come to terms with a lease renewal Walton decided to open up his first own Bentonville, Arkansas called Walton 's Five and Dime. But it wasn’t until July 2, 1962 Walton opened the very first Wal-Mart store in Rogers, Arkansas. Within five years the company had a total of twenty-four stores in Arkansas, then in 1968 they opened stores in Missouri and Oklahoma. Soon after Wal-Mart went public in stocks and back in 1970 was priced at $16.50 per share. From there rapid growth the next year that followed they opened up their first distribution center and home office in their home town Bentonville, Arkansas. The following year Wal-Mart was listed in the New York Stock Exchange with a total of 51 stores and recorded sales of 78 million dollars. By the time the 80’s rolled in Wal-Mart had creeping it way to a level statues of a strong business. With a heavy total of more than 276 stores and had employed 21,000 associates along with one billion in annual sales, Wal-Mart decided to open the first Sam’s Club in Midwest City, Oklahoma in 1983. But on top of that ending the decade off right,…

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