Essay on Walmart
Walmart From Wikipedia, the free encyclopedia Wal Mart Stores, Inc. (NYSE: WMT
(http://www.nyse.com/about/listed/lcddata.html?ticker=wmt) ), branded as Walmart,
is an American multinational retail corporation that runs chains of large discount
department stores and warehouse stores. The company is the world s third largest
public corporation, according to the Fortune Global 500 list in 2012, the biggest
private employer in the world with over two million employees, and is the largest
retailer in the world. Walmart remains a family owned business, as the company is
controlled by the Walton family, who own a 48 percent stake in Walmart.[5][6] It is
also one of the world s most valuable companies.[7] The company was founded by
Sam Walton... Show more content on Helpwriting.net ...
Within the fifth year, the store was making $250,000 in revenue. When the lease
for the location expired, he couldn t reach an agreement for renewal, so he opened
a new Ben Franklin franchise in Bentonville, Arkansas and called it Walton s Five
and Dime. [13][14] On July 2, 1962, Walton opened the first Walmart Discount
City store located at 719 Walnut Ave. in Rogers, Arkansas. The building is now
occupied by a hardware store and an antique mall. Within five years, the company
expanded to 24 stores across Arkansas and reached $12.6 million in sales.[15] In
1968, it opened its first stores outside Arkansas, in Sikeston, Missouri and
Claremore, Oklahoma.[16] Sam Walton s original Walton s Five and Dime store
in Bentonville, Arkansas now serving as the Walmart Visitor Center Incorporation
and growth (1969 2005) The company was incorporated as Wal Mart Stores, Inc.
on October 31, 1969. In 1970, it opened its home office and first distribution center
in Bentonville, Arkansas. It had 38 stores operating with 1,500 employees and
sales of $44.2 million. 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 market price of $47. By this time, Walmart was
operating in five states: Arkansas, Kansas, Louisiana, Missouri, and Oklahoma; it
entered Tennessee