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Walmart Inc. ( / ˈwɔːlmɑːrt / ⓘ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas. [ 10]
The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. [ 1] The Walmart chain proper was founded in 1962 with a single store in Rogers, expanding inside Oklahoma by 1968 and throughout the ...
In the late '70s, "Walmart acquired Mohr Value discount stores in Illinois, and, in 1981, 92 Kuhn’s Big K stores in Tennessee and other southern states." Their portfolio began to rapidly expand.
Discount superstores such as Walmart or Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America. [2]
Discount stores, instead, was the concept consumers would want, he knew. So in 1962, he opened the doors of Wal-Mart Discount City in Rogers, Arkansas, with two more to follow two years later.
One-tenth the size of the typical Walmart discount store, these Express stores are a combination of food, pharmacy, and convenience stores -- targeting customers more inclined to visit a smaller ...
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