"Stream, New York, store. The worker died of asphyxiation after being knocked to the ground and trampled by a crowd of about 2,000 shoppers who surged into the store for its annual 'Blitz Friday' pre-holiday sales event."" As of October 2009, Walmart stores operate in Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico, the United Kingdom, and the United States. History of Walmart 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 Bentonville, Arkansas, and"
"Walmart opened on July 2, 1962, in Rogers, Arkansas. Called the Wal-Mart Discount City store, it was located at 719 West Walnut Street. He launched a determined effort to market American-made products. Included in the effort was a willingness to find American manufacturers who could supply merchandise for the entire Walmart chain at a price low enough to meet the foreign competition. As the Meijer store chain grew, it caught the attention of Walton. He acknowledges that his one-stop-shopping center format was based on Meijer’s innovative concept. Contrary to the prevailing practice of American discount store chains, Walton located stores"
"Bogle, came up with the name ""Wal-Mart"" for the new chain. By 1967, the company grew to 24 stores across the state of Arkansas, and had reached $12.6 million in sales, and by 1968, the company opened its first stores outside of Arkansas in Sikeston, Missouri and Claremore, Oklahoma. The company's first stock split occurred in May 1972 at a market price of $47. By this time, Walmart was operating in five states: Arkansas, Kansas, Louisiana, Missouri and Oklahoma, and expanded into Tennessee in 1973, and Kentucky and Mississippi in 1974. As the company expanded into Texas in 1975, there"
"it opened its first stores outside Arkansas, in Sikeston, Missouri and Claremore, Oklahoma. The company was incorporated as Wal-Mart, Inc. on October 31, 1969, and changed its name to Wal-Mart Stores, Inc. in 1970. The same year, the company opened a home office and first distribution center in Bentonville, Arkansas. It had 38stores operating with 1,500 employees and sales of $44.2million. It began trading stock as a publicly held company on October 1, 1970, and was soon listed on the New York Stock Exchange. The first stock split occurred in May 1971 at a price of $47 per share. By"
"many urban stores; by 1954, the total number of stores in the US had declined to 616. Under the leadership of executive Harry Cunningham, S.S. Kresge Company opened the first Kmart-named store on March 1, 1962, in Garden City, Michigan, just four months before the first Walmart opened. Eighteen Kmart stores opened that year. Kmart Foods, a now-defunct chain of Kmart supermarkets, opened in that decade. Though the store chain continued to open Kmart branded stores, the store chain was still officially called S.S. Kresge Company. Company founder Kresge died on October 18, 1966. Around the time of the opening"
"1962 Sam Walton opened the first location of what would become the retail giant Walmart just seven blocks away. Walton's new store combined with the nationwide movement of retail centers from aged downtowns to malls and shopping centers slowly eroded Stroud's customer base, leading the locally beloved retailer to permanently close in 1993 after 109 years in business. In 1912 the city council formed a commission of local businessmen to facilitate the paving of downtown Rogers. Despite the constant complaints of dusty and muddy streets, and the enthusiastic support of prominent citizens such as Coin Harvey, bickering over the cost"
"50percent of Walmart through their holding company, Walton Enterprises, and through their individual holdings. Walmart was the largest U.S. grocery retailer in 2016, and 62.3percent of Walmart's sales came from U.S. operations. The company was listed on the New York Stock Exchange in 1972. By 1988, Walmart was the most profitable retailer in the U.S., and by October 1989, it had become the largest in terms of revenue. Originally geographically limited to the South and lower Midwest, by the early 1990s, the company had stores from coast to coast: Sam's Club opened in New Jersey in November 1989 and the"
"were 125 stores with 7,500 associates, and total sales of $340.3 million. By 1977, Wal-Mart expanded into Illinois and made its first corporate acquisition, assuming ownership and operation of the Mohr-Value stores, which operated in Missouri and Illinois. This was followed by the acquisition of the Hutcheson Shoe Company in 1978. In the same year Walmart also branched out into several new markets, launching its pharmacy, auto service center, and jewelry divisions. In 1981, Wal-Mart expanded into the southeastern US market, opening stores in Georgia and South Carolina, and acquiring 92 Kuhn's Big K stores. They expanded into Florida and"
"revenue. Prior to the summer of 1990, Walmart had no presence on the West Coast or in the Northeast (except for a single Sam's Club in New Jersey which opened in November 1989), but in July and October that year, it opened its first stores in California and Pennsylvania, respectively. By the mid-1990s, it was far and away the most powerful retailer in the U.S. and expanded into Mexico in 1991 and Canada in 1994. Walmart stores opened throughout the rest of the U.S., with Vermont being the last state to get a store in 1995. The company also opened"
"first California outlet opened in Lancaster in July 1990. A Walmart in York, Pennsylvania opened in October 1990: the first main store in the Northeast. Walmart's investments outside North America have seen mixed results: its operations and subsidiaries in the United Kingdom, South America, and China are highly successful, whereas its ventures in Germany and South Korea failed. In 1945, businessman and former J. C. Penney employee Sam Walton bought a branch of the Ben Franklin stores from the Butler Brothers. His primary focus was selling products at low prices to get higher-volume sales at a lower profit margin, portraying"
"14, 1943 in Claremont. They had met in a bowling alley where her dad took her. She once said in a TV interview that upon marrying, they agreed to avoid family squabbling at all costs. In September 1945, Sam and Helen Walton opened a Ben Franklin ""five and dime"", their first retail store, in Newport, Arkansas. In 1950, they moved to Bentonville, Arkansas, and in 1962, they opened the first Wal-Mart. Sam Walton credits her for having the idea of the profit-sharing plan with the company's associates. When Sam Walton died in 1992, he left his ownership in Wal-Mart to"
"concept into its slogan. Walmart opened its first store in 1962 in a market where Kmart had been the dominant player using a high-low pricing strategy. Kmart's signature ""blue light special"" is an example of in-store advertising used to promote a temporary discount as part of the high-low pricing strategy. Walmart's success in EDLP and the decline of other retailers have followed the long-term trend in this market and in consumer buying habits. The growth of Walmart Supercenters in the 1990s was expected to drive the same trend in grocery stores. Despite Walmart's success with the Supercenter concept, high-low pricing"
"this time, Walmart was operating in five states: Arkansas, Kansas, Louisiana, Missouri, and Oklahoma; it entered Tennessee in 1973 and Kentucky and Mississippi in 1974. As the company moved into Texas in 1975, there were 125stores with 7,500 employees and total sales of $340.3million. In the 1980s, Walmart continued to grow rapidly, and by the company's 25th anniversary in 1987, there were 1,198 stores with sales of $15.9billion and 200,000 associates. This year also marked the completion of the company's satellite network, a $24million investment linking all operating units with the Bentonville office via two-way voice and data transmission and"
"operates distribution centers in Woodburn, Oregon; Myrtle Creek, Oregon; Boise, Idaho; Phoenix, Arizona; Denton, Texas; and Modesto, California, and has a total of just over 18,000 employees company-wide. The company reduces operating expenses by purchasing directly from manufacturers and farmers; operating basic, no-frills stores; not accepting credit cards; and not providing bagging service. The company, originally called Waremart, was founded in Boise, Idaho in 1967 by Ralph Ward and Bud Williams. In 1985, Waremart employees established an employee stock ownership plan and purchased a majority stake of Waremart from the Ward family, making the company employee-owned. In January 1991, Waremart"
"provided the first example of very low cost retailing through design of their stores and efficient management of their entire supply chain. Starting with a single store in Roger's Arkansas in 1962, Walmart has now become the world's largest company. This was accomplished by adhering to their system of delivering the goods and the service to the customers at the lowest possible cost. The operations system included careful selection of merchandise, low cost sourcing, ownership of transportation, cross-docking, efficient location of stores and friendly home-town service to the customer. In 1987 the International Organization for Standardization (ISO), recognizing the growing"
"now Walmart-branded gas stations. The first Supercenter opened in Washington, Missouri, in 1988. A similar concept, Hypermart USA, had opened a year earlier in Garland, Texas. All Hypermart USA stores were later closed or converted into Supercenters. A typical supercenter sells approximately 120,000 items, compared to the 35 million products sold in Walmart's online store. The ""Supercenter"" name has since been phased out, with these stores now simply referred to as ""Walmart"", since the company introduced the new Walmart logo in 2008. However, the branding is still used in Walmart's Canadian stores (spelled as ""Supercentre"" in Canadian English). Walmart Discount"
"Bi-Mart Bi-Mart is an employee-owned chain of retailers located in the U.S. states of Oregon, Washington, and Idaho. A typical Bi-Mart houses merchandise including electronics and small appliances, housewares, hardware and power tools, sporting and hunting supplies, apparel, canned and packaged food, personal care products, a drugstore and pharmacy. The median size of a Bi-Mart store is . The company was founded in 1955 and is headquartered in Eugene, Oregon. As of mid-2018, there are 79 store locations. Bi-Mart's first store opened in Yakima, Washington, in 1955 and it did not open a second store until 1962. In 1976, Bi-Mart"
"location in Delta Charter Township, Michigan, in 1966 and the first Metro Detroit store in Ypsilanti, Michigan, in 1972. Fred Meijer took over the company upon his father's death in 1964. Under his leadership, the Thrifty Acres stores became a success and were renamed Meijer in 1986. Meijer's stand-alone grocery operations continued until the early 1990s, as the larger stores became dominant. In 1985, ""Forbes"" magazine reported Walmart at the time had failed in what were then known as hypermarkets because Sam Walton and company did not understand the grocery business. Walton launched the first Hypermart USA store in 1987,"
"in the retail industry working in the Ben Franklin Stores, a franchised unit of Butler Brothers of Chicago. His first store was opened in Versailles, Missouri. Bud and Sam co-founded Walmart in Arkansas in 1962. Wal-Mart Stores Inc. opened its first Sam's Club — named for Sam Walton — on April 7, 1983, in Midwest City, Oklahoma. Together, the Walton brothers donated $150,000 to build a new home for the Columbia Chamber of Commerce and Columbia Convention and Visitors Bureau in Columbia, Missouri. The building was named the Thomas G. Walton Building in honor of their father. Bud Walton donated"
"or department store in the United States. There were hundreds of discount stores in operation, with their most successful period occurring during the mid-1960s in the U.S. with discount store chains such as Kmart, Ames, Two Guys, E. J. Korvette, Mammoth Mart, Fisher's Big Wheel, Zayre, Bradlees, Caldor, Jamesway, Howard Brothers Discount Stores, Kuhn's-Big K (sold to Walmart in 1981), TG&Y and Woolco (closed in 1983, part sold to Wal-Mart) among others. Walmart, Kmart, and Target all opened their first locations in 1962. Other retail companies branched out into the discount store business around that time as adjuncts to their"
"in a joint venture with Metro (Private) Limited. The joint venture with Singapore was dissolved in 1996. Kmart Kmart Corporation ( , doing business as Kmart and stylized as kmart) is an American big box department store chain headquartered in Hoffman Estates, Illinois, United States. The company was incorporated in 1899 as S. S. Kresge Corporation and renamed to Kmart Corporation in 1977. The first store with the Kmart name opened in 1962. At its peak in 2001, Kmart operated 2,171 stores including 105 Super Kmart Center locations. After declaring bankruptcy in 2002 and emerging the following year, the chain's"
"board of directors, on April 7, 1992. This year, Walmart had a presence in 45 states which by this time expanded into Idaho, Montana, and Oregon, as well as Puerto Rico. In 1993, the Walmart International Division was formed with Bobby Martin as its president. The company also expanded into Alaska, Hawaii, Rhode Island and Washington. Their stores also achieve the billion-dollar sales mark in one week in December 1993. In 1994, the National Advertising Review Board challenged the Walmart slogan, ""Always the low price. Always,"" contending that it implied that Walmart's prices were always the lowest and could mislead"
"over 60,000 residents. The process of opening the retail facility took various discussions and approvals. Proposals in Omak began around 1992, in which of land were expropriated from the Omak Planning Commission. Local retailers feared that the chain would devastate their businesses, although other people felt that it would increase business at other shopping regions in the city. Shortly after its opening, numerous shoppers came to the Omak area looking for items. Walmart hired approximately 200 employees, boosting the city's economy significantly and becoming among Okanogan County's largest retailer for a short period. The store was later allowed to remain"
"Illinois) and one in 2009 (Newton, North Carolina) to support the growth of its stores. With the exception of vendor supplied items, such as greeting cards and soda, these distribution centers ship items directly to Target stores. Also, unlike Walmart, Target's grocery selection does not come from their own distribution centers, but from the companies with whom Target has partnered. The retail chain's first distribution center opened in Fridley, Minnesota, in 1969. It included a computerized distribution system and was known as the Northern Distribution Center. During this time, the chain consisted of seventeen stores after having expanded into Oklahoma"
"Kmart Kmart Corporation ( , doing business as Kmart and stylized as kmart) is an American big box department store chain headquartered in Hoffman Estates, Illinois, United States. The company was incorporated in 1899 as S. S. Kresge Corporation and renamed to Kmart Corporation in 1977. The first store with the Kmart name opened in 1962. At its peak in 2001, Kmart operated 2,171 stores including 105 Super Kmart Center locations. After declaring bankruptcy in 2002 and emerging the following year, the chain's management purchased Sears for $11 billion in 2004, forming a new corporation under the name Sears Holdings"
"discount store, in addition to a tire and oil change shop, optical center, one-hour photo processing lab, portrait studio, and numerous alcove shops such as banks, cellular telephone stores, hair and nail salons, video rental stores, and fast food outlets. By 1988, Wal-Mart was the most profitable retailer in the United States, 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. By 1990, they expanded into California (which"
"all major studios and television networks. The service was discontinued on December 21, 2007 due to low sales. In 2008, Walmart started a pilot program in the small grocery store concept called Marketside in the metropolitan Phoenix, Arizona, area. The four stores closed in 2011. In 2015, Walmart began testing a free grocery pickup service, allowing customers to select products online and choose their pickup time. At the store, a Walmart employee loads the groceries into the customer's car. the service is available in 39 U.S. states. In May 2016, Walmart announced a change to ShippingPass, its three-day shipping service,"
"a Wal-Mart store. The opening day festivities on August 7, 1963, were themed by the popular movie ""Around the World in 80 Days"", and featured representatives from a dozen foreign countries, including Miss Universe Ieda Maria Vargas of Brazil. Maryland Governor J. Millard Tawes officiated the grand opening. The $11 million shopping center originally consisted of 45 stores, which included branches of S.S. Kresge, Kroger, People's Drug Store, Thom McAn Shoes, Lerner's, and a Hot Shoppes drive-in restaurant. The complex also included a movie theater and a professional building. The two anchor stores that were the mall's major attractions were"
"profit margins rely heavily on police to protect its bottom line. Walmart Supercenters top the list of those most visited by police. In addition to hundreds of thousands of petty crimes, more than 200 violent crimes, including attempted kidnappings, stabbings, shootings, and murders occurred at the 4,500 Walmarts in the U.S. in 2016. [[Category:Walmart| ]] [[Category:1962 establishments in Arkansas]] [[Category:American companies established in 1962]] [[Category:Bentonville, Arkansas]] [[Category:Companies based in Arkansas]] [[Category:Companies in the Dow Jones Industrial Average]] [[Category:Companies listed on the New York Stock Exchange]] [[Category:Discount stores of the United States]] [[Category:Hypermarkets of the United States]] [[Category:Multinational companies headquartered in"
"remodeling stores shortly thereafter. This logo was replaced in 2004 with the current logo. In 1990, Little Caesars Pizza Station opened its first in-store Kmart restaurant in Rochester, Michigan. Coincidentally, both Little Caesars and Kmart were founded in Garden City, Michigan, in 1959 and 1962 respectively. In 1995, Kmart also tried to reinvent itself by using the short-lived name Today's Kmart. In 1991, the company changes its pronunciation to Kmart Corporation. In 1992, Kmart entered the Eastern European market with the purchase of 13 stores in the former Czechoslovakia. These stores were sold off in 1996. The company also began"
"opened an 82,000 square-foot store in Boise to replace the two older Boise stores. At the time, Waremart was operating 16 stores in the Northwest and had reported annual sales of more than $300 million. In 1999, Waremart changed its name to WinCo Foods. According to the company, the name WinCo is a portmanteau of Winning Company, however, the company also says the name refers to the five states where the company originally operated stores (Washington, Idaho, Nevada, California, and Oregon). One store in Independence, Oregon retains the Waremart name. In 2017 and 2018, two smaller stores branded as ""Waremart"
"shopping mall in the United States opened on October 8, 1956, in the suburban city of Edina. The largest shopping mall in the United States, the Mall of America, is located in Bloomington. St. Jude Medical represents a growing biomedical industry spawned by university research, and Rochester is the headquarters of the world-famous Mayo Clinic. UnitedHealth Group is the second largest health insurance company in the U.S. Financial institutions include U.S. Bancorp, TCF Bank, Ameriprise and Thrivent Financial for Lutherans. As might be expected in state with a love of the outdoors, boats and other recreational products are manufactured by"
"Walmart to start the Hollywood Connection, starting with a location in Columbus, Georgia. Amenities include a modern multiplex or megaplex movie theater with 5-15 screens, indoor miniature golf, a roller skating rink, a laser tag arena, and a video game arcade. At the time, Carmike was wanting this field to be extremely profitable. While the Columbus, Georgia location is still open, other locations in West Valley City, Utah (a suburb of Salt Lake City), DeKalb, Illinois, Valparaiso, Indiana (a suburb of Chicago), and Goshen, Indiana have closed. Carmike filed for Chapter 11 bankruptcy protection in August 2000 after failing to"