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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]
Wal-Mart: A History of Sam Walton's Retail Phenomenon. Twayne Publishers. ISBN 0-8057-9833-1. Fishman, C. (2006). The Wal-Mart Effect: How the World's Most Powerful Company Really Works – and HowIt's Transforming the American Economy. Penguin. Marquard, W. H. (2007). Wal-Smart: What it really takes to profit in a Wal-Mart world. McGraw Hill ...
Walmart founder Sam Walton and his wife Helen, on their wedding day, February 14, 1943. At the time, Sam was a management trainee with the J.C. Penney Company. Photo: Courtesy of Walmart
The latter of the two cannibalized the Walmart-owned warehouse store to create one of the largest retail stores in the U.S., employing about 360 associates, according to Walmart.
In 1998, Wal-Mart introduced the Neighborhood Market concept with three stores in Arkansas. [48] By 2005, estimates indicate that the company controlled about 20 percent of the retail grocery and consumables business. [49] In 2000, H. Lee Scott became Wal-Mart's president and CEO as the company's sales increased to $165 billion. [50]
Wal-Mart: The High Cost of Low Price is a 2005 documentary film by director Robert Greenwald and Brave New Films about the American multinational corporation and retail conglomerate Walmart. [2] The film presents a negative picture of Walmart's business practices through interviews with former employees, small business owners, and footage of ...
The majority of the family's wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of Walmart. Walmart is the world's largest retailer, one of the world's largest business enterprises in terms of annual revenue, and, with just over 2.2 million employees, the world's largest private employer.
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