In 1950, the
Waltons left Newport for Bentonville, where Sam opened Walton’s 5&10 on the
downtown square. They chose Bentonville because Helen wanted small-town living,
and Sam could take advantage of the different hunting seasons that living at
the corner of four states had to offer. Inspired by the early success of his
dime store, and driven to bring even greater opportunity and value to his
customers, Sam opened the first Walmart in 1962 at the age of 44 in Rogers,
Arkansas. Sam's competitors thought his idea that a successful business could be
built around offering lower prices and great service would never work. As it
turned out, the company's success exceeded even Sam's expectations. The company
went public in 1970, and the proceeds financed a steady expansion of the
business. (“Sam Walton”)
Since the first
Walmart store opened in 1962 in Rogers, Arkansas, They have been dedicated to making a difference in the
lives of their customers. Their business is the result of Sam Walton's
visionary leadership, along with generations of associates focused on helping
customers and communities save money and live better. From Sam Walton’s
own life experience, he transferred his personal practice to his business. With
the company core practices, Wal-Mart has become successful and is a
multi
Wal-Mart
Stores, Inc. was incorporated on Oct. 31, 1969, Last year, Wal-Mart delivered a strong financial performance. Net sales
increased by 5.9 percent to $443.9 billion, and consolidated operating income
grew by 4 percent to $26.6 billion. Their diluted earnings per share from
continuing operations attributable to Wal-Mart were
$4.54 per share, up from $4.18 the previous year. They leveraged operating
expenses for two consecutive years. Our strong financial position is best
illustrated by their ability to grow. They added 52.2 million square feet
through 1,160 additional units, including acquisitions in the U.K. and South
Africa.(“Wal-Mart Annual Report”)
First Wal-Mart in Arkansas
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