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Donald revamped the company's dysfunctional distribution center, which hadn't been designed for grocery storage. By the time he left three years later, Walmart had added grocery sales in 140 more stores. [citation needed] Donald left Walmart for Safeway in 1994, as senior vice president of its 130-store eastern division until 1996. [4]
As the Supercenter proved to be a much more profitable experiment, Walmart renamed the stores "Wal-Mart's Hypermart USA" in April 1990, and eventually began either converting them to Supercenter operations or closing them. As of 2023, two of the former Hypermart USA locations still operate as Walmarts while the other two have been demolished.
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.
William S. "Bill" Simon (born 1960) is a professor and former business executive who served as president and chief executive officer (CEO) of Walmart U.S. and Executive Vice-president of Walmart Inc. from June 29, 2010, to August 8, 2014. Simon received his B.A. and M.B.A. from the University of Connecticut.
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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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