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Logo used since January 13, 2025 Sam Walton's original Walton's Five and Dime, now the Walmart Museum Visitor Center in Bentonville, Arkansas.. The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. [1]
Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas, and Midwest City, Oklahoma, in 1962 and 1983 respectively.
Walmart is the great American success story, rising from its beginnings in northwest Arkansas to the title of the world's largest retailer in a span of 60 years. It has grown from its first ...
In 1998, Wal-Mart introduced the Neighborhood Market concept with three stores in Arkansas. [53] By 2005, estimates indicate that the company controlled about 20 percent of the retail grocery and consumables business. [54] In 2000, H. Lee Scott became Wal-Mart's president and CEO as the company's sales increased to $165 billion. [55]
While Walmart doesn’t necessarily disrupt those features, its presence in the area has caused tectonic shifts in Bentonville itself: The population of the municipality reached 58,000 in 2022, up ...
Walton Enterprises LLC (WEI) is an American investment holding company based in Bentonville, Arkansas that serves as a family office to manage the wealth of the Walton family, the owners of Walmart. Walton Enterprises is the largest shareholder of Walmart and is also the largest family office in the world.
The layoffs are the latest cost cut for the discounter. In late April, Walmart announced it would shutter 51 health clinics across Arkansas, Florida, Georgia, Illinois and Texas. The new clinics ...
In July 1978, Walmart opened its first distribution center (outside of Bentonville) in eastern Searcy. The facility is still open as a Sam's Club distribution center, [23] while an additional larger facility has since opened in southern Searcy to service Walmart stores. The company has also operated a retail location in eastern Searcy (near the ...