Evolution of Walmart

Evolution of Wal-Mart

Wal-Mart is the world's largest retailer and the world's largest company. Wal-Mart is probably the one retail store that United States can't live without simply because at Wal-Mart you can find anything you need even if its food or clothing. There thousands of Wal-Mart's located throughout the United States, I think so many that even they lost track of the amount of Wal-Mart's.

Before Wal-Mart even got it's name it was called Walton's Five and Dime. It all started with a man named Sam Walton. Sam Walton had worked for JC Penney for about 18 months and was able to meet James Cash Penney who was the founder of JC Penney. During his time working at JC Penney he was able to learn about retail and what it consisted of. Walton first started off by purchasing a store from Luther E. Harrison in Bentonville, Arkansas on May 9, 1950.

He named this variety store Walton's Five and Dime. This town at that time had about a population of 2,900 people. This is where the Headquarters of Wal-Mart first began. Walton by 1962, he had eleven Walton's stores inspired by the successes of other discount department store chains. Walton from the help of his assistant Bob Bogle came up with the name for his new chain retail stores calling it "Wal-Mart". Walton opened the very first