Walmart Inc. History
Walmart is committed to its 3 beliefs, just as how it operates its first store. Sam’s principles and philosophy have been and are going to lead us to success as he is still alive. Walmart’s success today bases on its continuous striving for excellence. Walmart is a company which has foresight and cherishes its past from which it can always learn experience and move on. Walmart history will revive through the below Year Chronology.
|1962 Company founded with opening of first Walmart
store in Rogers, Ark.
1969 Company incorporated as Walmart Inc. on Oct. 31.
|1970 Walmart opens first distribution center and home
office in Bentonville, Ark.
1972 Walmart approved and listed on the New York Stock Exchange.
1975 Inspired by workers he saw on a visit to Korea, Sam Walton introduced the famous "Walmart Cheer" to associates.
|1983 First SAM'S CLUB opened in April in Midwest City,
1984 Sam Walton does the hula at high noon on Wall Street, making good on promise to associates after company achieves pre-tax profit of 8 percent in 1983.
1984 David Glass named company president.
1987 Walmart Satellite Network (largest private satellite communication system in the U.S.) completed
1988 David Glass named chief executive officer of Walmart Inc.
1988 First Supercenter opened in Washington, Mo.
|1990 Walmart becomes nation's No. 1 retailer.
1991 International market entered for first time with the opening of a unit in Mexico City.
1992 President George Bush presents Sam Walton with the Medal of Freedom.
1992 Sam Walton passes away on April 5.
1992 S. Robson Walton named chairman of the board on April 7.
1992 Walmart enters Puerto Rico.
1993 Walmart International division formed with Bobby Martin as president.
1993 First billion-dollar sales week in December.
1994 122 Woolco stores in Canada acquired.
1995 Walmart builds three units in Argentina and five in Brazil.
1996 Walmart enters China through a joint-venture agreement.
1997 Walmart becomes the No. 1 employer in the United States
1997 Walmart has 680,000 associates worldwide, including 115,000 associates internationally.
1997 Walmart replaces Woolworth on the Dow Jones Industrial Average.
1997 Walmart has first $100 billion sales year, with sales totaling US$105 billion.
1998 Walmart acquires 21 Wertkauf units in Germany.
1998 Walmart introduces Neighborhood Market concept with three stores in Arkansas.
1998 Walmart exceeds $100 million in annual charitable contributions, with donations totaling US$102 million.
1998 Walmart enters Korea through a joint venture agreement.
1999 Walmart has 1,140,000 associates, making the company the largest private employer in the world.
1999 Walmart acquires the ASDA Group plc. in the United Kingdom (229 stores).
1999 Walmart acquires 374 Interspa units in Germany.
2000 Walmart ranked 5th by FORTUNE magazine in
its Global Most Admired All-Stars list.
Feb. 25, 2010 – Walmart announced a goal to eliminate 20 million metric tons of greenhouse gas (GHG) emissions from its global supply chain by the end of 2015. This represents one and a half times the company's estimated global carbon footprint growth over the next five years and is the equivalent of taking more than 3.8 million cars off the road for a year.