History of Walmart
It’s in 1962 that the first Sam Walton opened the first Walmart store in Rogers, Arkansas. Seven years later, in 1969, the company became officially incorporated as Wal-Mart Stores, Inc. Then arrived the 1970s, a decade of huge growth. Walmart began to become national. The first distribution center and Home office was opened in 1961 in Bentonville, Arkansas. Another important part of history of Walmart arrived in 1979 when there was the establishment of The Walmart Foundation. The year of 1980 was a really important one for the company, since they were the fastest company to reach $1 billion in annual sale at the time. There was at the time 276 stores and around twenty one thousands associates. 7 years later, Walmart installed their own private satellite communication system in the United States, while linking the company’s operation through voice, data and video communication. By the time the 1990’s arrived, Walmart became the nation’s number-one retailer, due to the convenience of the store where the population could one-stop shop. Their slogan, “Every Day Low Prices” went international. Sam Walton died in 1992, just a year before he could witness their first $1 billion sales week. Rob Walton would become chairman of the board after the death of Sam Walton. When the new millennium arrived, Walmart was expanded through many countries like Canada, China and the United Kingdom. Walmart celebrated their 50 years in 2012 and there is nowadays approximately 2.2million associates worldwide, Walmart serves around 200 million clients that are face with thousands of different and diversified products (From food to electronic devices, to toys, etc.) each week with their 10 000 stores in 27 different countries.
Mission of Walmart
The mission of Walmart started with the goal that the founder of the company, Sam Walton, envisioned when he opened his first Walmart store: Saving people money so they can live better. That goal at the time now...