Project Part 1 Essay

Submitted By SexyLadyDeb
Words: 1909
Pages: 8

Project Part 1: Wal-Mart in Spain
Debbie D. Stevenson
Grantham University

Wal-Mart in Spain
Walmart's history is more than just the stores we've built, the partnerships we've made and the customers we've served. So much of our history is in the details. See how Walmart began, how we grew and how our leadership has changed the retail industry.


Retail Revolution
Sam Walton's strategy was built on an unshakeable foundation: The Lowest Prices Anytime, Anywhere.
On July 2, 1962, Sam Walton opened the first Walmart store in Rogers, Ark.
The Walton family owned 24 stores, ringing up $12.7 million in sales.
The company officially incorporated as Wal-Mart Stores, Inc.

Walmart Goes National
In the 1970s, a decade of incredible growth, "Mr. Sam" began to take Walmart national, proving his vision's widespread appeal.
Walmart became a publicly traded company. The first stock was sold at $16.50 per share.

The first distribution center and Home Office opened in Bentonville, Ark.
Walmart was listed on the New York Stock Exchange (WMT).
With 51 stores, Walmart recorded sales of $78 million.
Inspired by a visit to a Korean manufacturing facility, Sam Walton introduced the Walmart cheer.
The Walmart Foundation was established.


Decade of Firsts
In the 1980s, the first Sam's Club opened, serving small businesses and individuals, and the first Walmart Supercenter opened, combining a supermarket with general merchandise.

Walmart reached $1 billion in annual sales, faster than any other company at that time.
Walmart had 276 stores and employed 21,000 associates.
The first Sam’s Club opened in Midwest City, Okla.
Walmart replaced cash registers with computerized point-of-sale systems, enabling fast and accurate checkout.

Sam Walton did the hula on Wall Street, making good on a promise to associates after the company achieved a pre-tax profit of 8% for the previous fiscal year.
The company installed the largest private satellite communication system in the U.S., linking the company's operations through voice, data and video communication.
The first Walmart Supercenter opened in Washington, Mo., combining general merchandise and a full-scale supermarket to provide one-stop shopping convenience.
David Glass was named CEO.

America’s Top Retailer
By 1990, Walmart was the nation's number-one retailer. As the Walmart Supercenter redefined convenience and one-stop shopping, Every Day Low Prices went international.

Through a joint venture with Cifra, a Mexican retail company, Walmart went global, opening a Sam’s Club in Mexico City.

While receiving the Medal of Freedom, Sam Walton articulated the company’s mission of saving people money so they can live better, shortly before passing away at age 74.
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Rob Walton became chairman of the board.
Walmart employed 371,000 associates in 1,928 stores and clubs.
Walmart celebrated its first $1 billion sales week.
Walmart expanded into Canada with the purchase of 122 Woolco stores.
Walmart opened its first stores in China.
The company celebrated its first $100 billion sales year.
The Neighborhood Market format was introduced with three stores in Arkansas.
Walmart entered the United Kingdom with the acquisition of ASDA.

New Millennium
Walmart entered the new millennium dedicated to offering customers a seamless shopping experience, whether they are online, in a store or on a mobile device.
H. Lee Scott, Jr. succeeded David Glass as CEO. was founded, allowing U.S. customers to shop online.
Walmart employed more than 1.1 million associates in 3,989 stores and clubs worldwide.
For the first time, Walmart topped the Fortune 500 ranking of America's largest companies.