Sam Walton was a man with visionary leadership, and our business is a result of that. Since the firstWalmart opened in 1962 in Rogers, Arkansas, we've been dedicated to making a difference in the lives of ourcustomers. Today, we're helping communities save money and live better all over the world.
"Give me a W! Give me an A! Give me an L! How about a squiggly? Now give me an M! A! R! T! What's thatspell? Walmart! I can't hear you! Walmart! Who's number one? The customer!"
- 1960s
- 1970s
- 1980s
- 1990s
- 2000s
- 2010s
- 2020s
Retail Revolution
Sam Walton's strategy is built on an unshakeable foundation: the lowest prices anytime, anywhere.
1962
On July 2, 1962, Sam Walton opens the first Walmart store in Rogers, Arkansas.
1967
The Walton family owns 24 stores, ringing up $12.7 million in sales.
1969
The company officially incorporates as Wal-Mart Stores, Inc.
1962 ribbon cutting for the first Walmart store in Rogers, Arkansas.
Walmart goes national
In the 1970's, a decade of incredible growth, "Mr. Sam" begins to take Walmart national, providinghis vision's widespread appeal.
1970
Walmart becomes a publicly traded company. The first stock is sold at $16.50 per share.
1971
The first distribution center and Home Office open in Bentonville, Arkansas.
1972
Walmart is listed on the New York Stock Exchange (WMT). With 51 stores, Walmart recordssales of $78 million.
1975
Inspired by a visit to a Korean manufacturing facility, Sam Walton introduces the Walmartcheer.
1978
First pharmacy opens.
1979
The Walmart Foundation is established.
Walmart distribution center and general office sign.
Decade of firsts
In the 1980s, the first Sam's Club opens, serving small businesses and individuals, and the firstWalmart Supercenter opens, combining a supermarket with general merchandise.
1980
Walmart reaches $1 billion in annual sales, faster than any other company at that time.
Walmart has 276 stores and employs 21,000 associates.
1983
The first Sam's Club opens in Midwest City, Oklahoma.
See AlsoWhy Did Walmart Fail in Germany?This Colorado town has just 8 people, an amusem*nt park, a WalmartIs Costco's Premium Valuation Over Walmart’s Justified? (NASDAQ:COST)Smallest Wal-Mart opens on UA campus | Northwest Arkansas Democrat-GazetteWalmart replaces cash registers with computerized point-of-sale systems, enabling fast andaccurate checkout.
1984
Sam Walton does the hula on Wall Street, making good on a promise to associates after thecompany achieves a pre-tax profit of 8% for the previous fiscal year.
1987
The Walton family establishes the Walton Family Foundation.
The company installs the largest private satellite communication system in the U.S., linkingthe company's operations through voice, data and video communication.
1988
The first Walmart Supercenter opens in Washington, Missouri, combining general merchandiseand a full-scale supermarket to provide one-stop shopping convenience.
David Glass is named chief executive officer.
Sam Walton walks through first Sam's Club store.
America's Top Retailer
By 1990, Walmart is the nation's No. 1 retailer. As the Walmart Supercenter redefines convenienceand one-stop shopping, Everyday Low Prices goes international.
1991
Through a joint venture with Cifra, a Mexican retail company, Walmart goes global, opening aSam's Club in Mexico City.
First optical location.
1992
While receiving the Medal of Freedom, Sam Walton articulates the company's mission of savingpeople money so they can live better, shortly before passing away at age 74.
Rob Walton becomes chairman of the board.
Walmart employs 371,000 associates in 1,928 stores and clubs.
1993
Walmart celebrates its first $1 billion sales week.
1994
Walmart expands into Canada with the purchase of 122 Woolco stores.
1996
Walmart opens its first stores in China.
1997
The company celebrates its first $100 billion sales year.
1998
The Neighborhood Market format is introduced with three stores in Arkansas.
Walmart enters the United Kingdom with the acquisition of Asda.
A group of associates cheer as Walmart goes international.
New Millennium
Walmart enters the new millennium dedicated to offering customers a seamless shopping experience,whether they are online, in a store or on a mobile device.
2000
H. Lee Scott, Jr. succeeds David Glass as CEO.
Walmart.com is founded, allowing U.S. customers to shop online.
Walmart employs more than 1.1 million associates in 3,989 stores and clubs worldwide.
2002
For the first time, Walmart tops the Fortune 500 ranking of America's largest companies.
Walmart enters the Japanese market through its investment in Seiyu.
2005
Walmart takes a leading role in disaster relief, contributing $18 million and 2,450truckloads of supplies to victims of hurricanes Katrina and Rita.
Walmart announces major commitment to environmental sustainability.
- Create zero waste
- Use only renewable energy
- Sell products that sustain people and the environment
2006
Walmart introduces its $4 generic-drug prescription program.
2007
Walmart.com launches its Site to Store service, enabling customers to make a purchase onlineand pick up merchandise in stores.
2009
Mike Duke becomes CEO.
Walmart enters Chile with the acquisition of a majority stake in D&S S.A.
Walmart exceeds $400 billion in annual sales.
Walmart facilities organizing packages ordered from Walmart.com.
People-Led and Tech-Empowered
Walmart commits to serving customers in a changing retail environment, leveraging both associatesand technology to make it happen.
2010
Bharti Walmart, a joint venture, opens its first store in India.
Walmart commits $2 billion through the end of 2015 to help end hunger in the United States.
Walmart launches a global commitment to sustainable agriculture, aiming to strengthen localfarmers and economies, while providing customers access to affordable, high-quality food.
2011
Walmart expands its business into South Africa by acquiring 51% of Massmart HoldingsLimited.
With the acquisition of Massmart in South Africa, Walmart surpasses 10,000 retail unitsaround the world.
2012
Walmart celebrates 50 years of helping people save money so they can live better.
2013
Walmart U.S. announces it will hire any honorably discharged veteran within their first yearoff active duty. Walmart projects hiring over 100,000 veterans in the next five years.
Walmart acquires Bharti Walmart Private Limited, including the Best Price Modern Wholesalecash and carry business in India.
Walmart commits to buying $250 billion in goods manufactured in the United States over thenext 10 years.
Walmart opens its first store in the District of Columbia.
2014
Doug McMillon succeeds Mike Duke as CEO.
Greg Foran becomes President and CEO of Walmart U.S.
2015
The company employs 2.3 million associates worldwide and serves more than 200 millioncustomers each week at more than 11,000 stores in 27 countries.
Walmart announces a $2.7 billion investment over two years in its U.S. workforce.
Walmart acquires 100% stake in Yihaodian, an e-commerce business in China, up from the 51%stake since 2012.
Rob Walton retires as chairman of the board of directors for Wal-Mart Stores, Inc. Hecontinues to serve as a director.
Greg Penner succeeds Rob Walton as chairman of Wal-Mart Stores, Inc.
2016
Walmart opens its Culinary & Innovation Center in Bentonville, Arkansas to develop and testnew and innovative products.
Walmart Pay, a fast, easy and secure way for customers to make purchases with their smartphones, becomes a popular in-store payment method.
Online retailer Jet.com and Heyneedle, a subsidiary of Jet.com, become part of the Walmartfamily.
Walmart opens its first training Academy in South Carolina, with 200 total locations plannedat stores across the U.S.
More than 1.2 million Walmart and Sam's Club associates get a pay increase as part of thecompany's two-year, $2.7 billion investment in its people.
With goals focused on sustainability, Walmart makes a commitment to become the most trustedretailer by 2025.
2017
John Furner becomes Sam's Club's new president and CEO.
Walmart launches free two-day shipping on more than 2 million items, no membership required.
Walmart acquires Moosejaw, ModCloth, Bonobos and Parcel. Jet acquires ShoeBuy.com, which islater renamed Shoes.com.
Walmart launches Store No 8, a tech incubator, with a focus to drive commerce forward andtransform the future of retail.
Walmart launches Project Gigaton, asking suppliers to help reduce greenhouse gas emissionsfrom its supply chain by 1 gigaton.
The company also sets a new goal to reduce its consumables chemical footprint by 10% by2022.
2018
The company changes its legal name from Wal-Mart Stores, Inc. to Walmart Inc.
More than 1 million associates benefit from wage rate increases and expanded maternity andparental leave benefits.
Judith McKenna becomes President and CEO of Walmart International.
Walmart acquires Flipkart in India, divestiture of its business in Brazil and proposedmerger of Asda and Sainsburys in the U.K.
Walmart acquires Eloquii, Bare Necessities, and Art.com.
2019
John Furner named President and CEO of Walmart U.S.
First Walmart Health Center opens.
Walmart launches InHome Delivery and free NextDay delivery from Walmart.com.
Kath McLay named President and CEO of Sam's Club.
Walmart insources its advertising business, now known as Walmart Connect.
International Walmart customers use self-checkout systems.
Beyond traditional retail
Walmart expands the ecosystem that supports customers, enhancing processes that enable them to shopwherever and however they choose.
2020
Walmart and Sam's Club respond to COVID-19, turning parking lots into testing centers andsourcing PPE materials for frontline healthcare workers.
Walmart launches Walmart+ membership program to help customers save even more time andmoney.
Walmart.org establishes Center for Racial Equity following the murder of George Floyd.
Walmart Argentina is acquired by Grupo de Narváez.
2021
Walmart sells majority stake in Seiyu to KKR and Rakuten.
Walmart and Sam's Club administer tens of millions of COVID-19 vaccines, 80% of which weredelivered in medically underserved communities.
Walmart completes the sale of United Kingdom grocery chain Asda.
Walmart invests in drone delivery, fintech and autonomous vehicles.
Walmart launches Walmart GoLocal last-mile delivery service.
Walmart announces plans to pay 100% of college tuition and books for U.S. associates throughLive Better U.
Walmart announces inaugural $2 billion green bond offering.
Walmart launches Walmart Data Ventures.
2022
Walmart scales InHome Delivery reaching 30 million U.S. homes.
Walmart Health expands to Florida.
Walmart's Project Gigaton™ initiative surpasses halfway mark.
Walmart celebrates 60th Anniversary.
A drone delivers a package from a Walmart Neighborhood Market.
I am an expert in retail and business strategy, with a deep understanding of the evolution and success factors in the retail industry. My expertise is based on a comprehensive knowledge of key retail players, their historical development, and the strategies they employed to achieve success. I have closely followed the trajectory of companies like Walmart, which has been a retail giant and a significant player in shaping the retail landscape.
Let's delve into the concepts and key events mentioned in the article about Walmart:
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Sam Walton's Visionary Leadership (1962):
- Sam Walton's visionary leadership is highlighted as the foundation of Walmart's success.
- The first Walmart store opened in 1962 in Rogers, Arkansas, signaling the beginning of a retail revolution.
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Retail Revolution Timeline (1960s-2020s):
- The article provides a timeline of key decades, illustrating Walmart's growth and significant milestones.
- Noteworthy moments include Walmart going public in the 1970s, the introduction of the Walmart cheer, and the establishment of the Walmart Foundation.
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Everyday Low Prices (1970s):
- Sam Walton's strategy revolves around providing the lowest prices anytime, anywhere.
- Walmart's commitment to offering affordable prices is a consistent theme throughout its history.
-
Decade of Firsts (1980s):
- The 1980s were marked by significant achievements, such as the opening of the first Sam's Club and Walmart Supercenter.
- Walmart's focus on innovation is evident in the introduction of computerized point-of-sale systems and the Walmart Supercenter concept.
-
Becoming America's Top Retailer (1990s):
- By the 1990s, Walmart had become the nation's No. 1 retailer.
- The international expansion begins with ventures in Mexico and Canada, emphasizing the global impact of Walmart.
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New Millennium Strategies (2000s-2010s):
- Walmart enters the new millennium with a commitment to a seamless shopping experience, both online and offline.
- Initiatives include the introduction of Walmart.com, sustainability commitments, and disaster relief efforts.
-
People-Led and Tech-Empowered (2010s):
- Walmart focuses on serving customers in a changing retail environment by leveraging technology.
- Notable events include Walmart's entry into the Indian market, commitments to end hunger, and sustainable agriculture.
-
Beyond Traditional Retail (2020s):
- Walmart's response to the COVID-19 pandemic, the launch of Walmart+, and investments in drone delivery and fintech are highlighted.
- The company expands its ecosystem with initiatives like Walmart GoLocal, Walmart Data Ventures, and Walmart Health.
-
Project Gigaton™ (2017-2022):
- Walmart's commitment to sustainability is exemplified by Project Gigaton™, aiming to reduce greenhouse gas emissions from its supply chain.
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Recent Developments (2021-2022):
- Walmart's strategic moves, such as the sale of Seiyu, administering COVID-19 vaccines, and investments in drone delivery and autonomous vehicles, are discussed.
- Walmart's commitment to education is showcased through plans to pay 100% of college tuition for U.S. associates.
This overview demonstrates Walmart's evolution from a single store in Arkansas to a global retail giant, emphasizing key strategies, innovations, and commitments that have shaped its success over the decades.
