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At the time, the company was the largest private satellite network, allowing the corporate office to track inventory and sales and to instantly communicate with stores. [40] By 1984, Sam Walton had begun to source between 6% and 40% of his company's products from China. [41] In 1988, Walton stepped down as CEO and was replaced by David Glass. [42]
Since its 1962 founding, Walmart has not only transformed its headquarters in Bentonville, but along with it, the South Central burg it inhabits. With plans to open a new 350-acre campus only two ...
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters. The big-box retailer confirmed the layoffs and relocations in a ...
After completing his MBA in 1991, [7] McMillon moved to Walmart's Bentonville headquarters to join the buyer-training program. [ 8 ] [ 9 ] Originally in charge of buying fishing tackle, [ 5 ] he later took on various roles as a buyer and a merchandiser, dealing in food, clothes, crafts and furnishings. [ 10 ]
In June 1981, Kuhn's-Big K, then described as "financially struggling" by The New York Times, agreed to a merger with competitor Walmart in a deal valued at $13 million. The merger followed another attempted merger with Walmart in 1980, which collapsed due to store lease complications.
Walmart's edict to bring workers to headquarters in Arkansas backfired. (wellesenterprises—Getty Images) Pushing an employee to head the office five days a week could very well lead to a ...
On February 15, 2017, retailer Walmart acquired Moosejaw for $51 million in cash. [2] [6] In February 2023, Dick's Sporting Goods agreed to buy Moosejaw from Walmart for an undisclosed amount. [7] [6] In September 2023, Dick's announced that it will be closing down all but 3 Moosejaw stores along with the headquarters in Madison Heights, MI. [6]
Walmart's stock has been on a tear over the past year. It's up more than 70%, outpacing the S&P 500's ( ^GSPC ) 24% gain, leading the retailer to be named Yahoo Finance's 2024 Company of the Year .