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The Walmart Bucket

Walmart logo

Walmart is a discount department store chain founded by Sam Walton in 1962. It is the largest retailer in the world, with most of its stores being supercenters that are both discount stores and full-line supermarkets. Walmart is headquartered in Bentonville, Arkansas.

HistoryEdit

Walmart was originally Walton's Five-and-Dime. Walton had previously worked at JCPenney. After that, he started the five-and-dime-store. However, he opened the first Walmart in 1962, just like Target and Kmart. The name Wal-Mart was coined by Walton's assistant Robert Bogle. Walmart rapidly grew, due to the low-price merchandise. In 1977, Walmart purchased Mohr-Value and Hutcheson Shoe Company. In 1981, they acquired 92 Kuhn's Big K stores. In 1983, the first Sam's Club opened. In 1987, Walmart and Tom Thumb opened Hypermart USA. However, in 1988, the first Walmart Supercenter opened. Soon the Hypermart USA stores closed. That made Walmart surpass Toys "R" Us as the largest toy seller. In 1991, the first international Walmart opened in Mexico City. After 30 years, in 1992, Walmart surpassed Sears as the largest retailer. In the 90s, Walmart had opened stores in Mexico, Germany, Canada, South America, and South Korea. In 1994, Walmart purchased 91 PACE Membership Warehouse clubs from Kmart and 122 Woolco stores from Woolworth in Canada. The Canada Woolco stores became Walmart Canada stores. In 1998, Walmart opened the first Walmart Neighborhood Market. In 2006, Walmart opened a new type of supercenter that was upscale, so they can attract affluent customers. In 2010, Walmart purchased Vudu. Walmart competes with Target and Kmart, along with other regional retailers.

Store ConceptsEdit

CanadaEdit

  • Walmart Canada - discount chain
  • Walmart Supercentre - hypermarket chain

MexicoEdit

United KingdomEdit

  • ASDA - supermarket chain

United StatesEdit

  • Walmart - discount chain
  • Walmart Supercenter - hypermarket chain
  • Sam's Club- warehouse club
  • Walmart Market - grocery chain

See also Edit

External links Edit

Official website