About Walmart

Walmart, one of the world's largest retailers, was founded in 1962 by Sam Walton in Rogers, Arkansas. Initially, the company focused on serving rural areas that were underserved by major retailers, offering low prices and a wide selection of products. This strategic approach allowed Walmart to grow rapidly, expanding across the United States and eventually globally. During its early years, Walmart was known for its efficient supply chain and innovative business practices. The company went public in the 1970s and introduced its first distribution center. The 1980s saw the launch of Sam's Club, a membership-based warehouse club, and the first Walmart Supercenter, which combined retail and grocery shopping. By the 1990s, Walmart had become the largest retailer in the U.S., with sales exceeding $100 billion by 1997. Sam Walton served as CEO until 1988 and remained chairman until his death in 1992. Since then, Walmart has continued to expand globally, entering markets in Mexico, China, and Europe. Today, Walmart operates over 11,500 stores across 28 countries, employing millions of people worldwide. The company remains committed to its mission of helping people save money and live better. In recent years, Walmart has focused on digital transformation, acquiring e-commerce companies like Jet.com and investing in technology to enhance customer experience. The company has also expanded its services, offering financial services and health care options. Despite facing challenges such as competition from online retailers and criticism over labor practices, Walmart remains a dominant force in global retail, continually adapting to meet changing consumer needs.

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