Submitted by creed1 on November 19, 2007

• Category: Business
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Wal-Mart Analysis

History
On May 9, 1950 entrepreneur Sam Walton opened a store named Walton 5 & 10 in Bentonville, Arkansas. As a man trying to constantly find deals with suppliers he decided that he could give the savings to his customers causing his sales to sky-rocket. By 1962, he had eleven Walton's stores inspired by the successes of other discount department store chains; Walton opened the first store in his own discount chain in Rogers, Arkansas that year. Bob 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...

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