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11/20/2009 4:00pm EDT |
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Sam Walton, the founder of the world's largest company, died in 1992, but his spirit remains with the retailer.
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At a Glance:Wal-Mart (NYSE: WMT) founder Sam Walton opened his first Wal-Mart Discount City in Rogers in 1962. From that 16,000-SF store, the world's dominant retail chain was born. Walton's stores were marked by humble sensibilities and his "made in America" mantra. In 1990, it became the country's largest retailer. Walton died in 1992, days after receiving the Presidential Medal of Freedom. The company continued growth. In 2002, it surpassed Exxon Mobil Corp. to become the world's largest company. It expanded overseas in Mexico, Japan and Europe and now operates 7,390 Wal-Mart stores and Sam’s Club locations in 14 markets. The company announced in mid-2008 that it would begin replacing logos on the front of its U.S. stores with a new design. The revamped logo came as Wal-Mart continued to tweak its image after facing criticism from union-led groups and local communities opposed to big-box stores. Wal-Mart also launched a marketing campaign highlighting its environmentally-focused practices and efforts to make health care more affordable for customers through a discounted prescription drug program. Wal-Mart employs more than 2 million associates, serving more than 200 million customers per year, and had annual revenue of more than $374 billion in 2007.
More on Wal-Mart Stores Inc.:
Website: http://www.walmartstores.com
SEC Filings on: Wal-Mart Stores Inc.
Yahoo! Finance on: Wal-Mart Stores Inc.
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