Sam Walton's first Wal-Mart Discount City store opened in 1962 in Rogers, Arkansas, and within five years Walton had 24 stores in various towns in Arkansas. In 1968 he opened his first stores outside Arkansas, in Missouri and Oklahoma. Walton incorporated Wal-Mart Stores in 1969 and started selling shares over-the-counter in 1970. The company was first listed on the New York Stock Exchange in 1972. Today Wal-Mart has more than 6,700 stores worldwide and serves more than 176 million customers weekly.Wal-Mart is not known for helping small towns. In fact when Wal-Mart arrives in a small town, many existing mom-and-pop stores go out of business in 6 to 12 months. Numerous studies have been done regarding this phenomena and the general conclusion is that store owners who learn to adapt to the changes in the retail market for the community can survive after Wal-Mart arrives. They can't compete head-on though. They mus
You probably wouldn't think that the world's largest public corporation is located in a small town with a population of just 29,538 (based on the 2005 Census), but (NYSE: ) maintains its corporate headquarters in such a town -- . Sam Walton opened his first store there in the mid-1940s -- Walton's Five and Dime -- on Main Street as a Ben Franklin franchise. Today that store is where you can find thousands of company photographs and memorabilia.
This post is part of our series, featuring large companies and the small towns in which they are headquartered.
Big company, small town: Wal-Mart, Bentonville, ArkansasPosted Jun 23rd 2008 10:10AM by Filed under: , ,
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Big company, small town: Wal-Mart, Bentonville, Arkansas - BloggingStocks
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