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By 1988, Wal-Mart was the most profitable retailer in the United States, [7] though it did not outsell K-Mart and Sears in terms of value of items purchased until late 1990 or early 1991. By 1988, Walmart was operating in 27 states, having expanded into Arizona, Michigan, Ohio, West Virginia, New Jersey, and Wyoming.
Walmart began offering private label brands in 1991, with the launch of Sam's Choice, a line of drinks produced by Primo Water for Walmart. Sam's Choice quickly became popular and by 1993, was the third-most-popular beverage brand in the United States. [308]
No matter what corner of the U.S. you happen to be in, there's one thing you can count on: There's a Walmart nearby. With 4,756 stores across the nation as of January 2020, the mega-retailer is ...
The Walmart Museum did the math: Because of growth and frequent stock splits, someone who invested $1,650 in 100 shares on Oct. 1, 1970, would have had 204,800 shares worth an estimated $17 ...
On this day in economic and business history... The first Wal-Mart opened its doors in Rogers, Arkansas on July 2, 1962. At this point in his life, Wal-Mart founder Sam Walton had already racked ...
State taxes on chain stores were upheld by the U.S. Supreme Court in 1931. Between then and 1933, 525 chain-store tax bills were introduced in state legislatures, and by the end of 1933 special taxes on retail chains were in force in 17 states. [14]
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Prohibition had been popular in north Florida, but was opposed in the rest of the south, which became a haven for speakeasies and rum-runners in the 1920s. During 1928–32 a broad coalition of judges, lawyers, politicians, journalists, brewers, hoteliers, retailers, and ordinary Floridians organized to try to repeal the ban on alcohol.