Investments

Introduction

Wal-Mart is a well-known company . Although Wal-Mart was originally just a retail outlet , this company has extended its reach to far greater areas of service and products including Tire shops , Photo shops , and Pharmacy 's

Wal-Mart initially began its operations in 1945 , when Sam Walton leased a `Ben Franklin ' franchise variety store in Newport , Arkansas . After relocating to Rogers , Arkansas in the early 1950s , Sam Walton 's `Ben Franklin ' became `Walton 's 5 10 . By 1962 , Walton found himself the chain owner of 11 different Walton 's stores across Arkansas

. He then decided to rename the chain `Wal-Mart , after himself . On October 31 1969 , after further expansion across the state , the chain was incorporated as Wal-Mart Stores , Inc . Three years later , Wal-Mart was approved and listed on the New York Stock Exchange (NYSE (Frank , 2006

In April 1983 , the Wal-Mart Stores , Inc . opened its first Sam 's Club store , a membership-based discount warehouse club , in Midwest City Oklahoma . In 1985 , their stock was being traded on the Pacific Stock Exchange (PSE . By the company 's 25th anniversary , in 1987 , there were 1 ,198 stores nationwide , employing 200 ,000 associates , with sales of 15 .9 billion . In February 1988 , Sam Walton stepped down as the CEO of Wal-Mart , and was succeeded by David Glass . The same year , the first Wal-Mart Supercenter was opened in Washington , Missouri . The supercenter contained everything found in a regular Wal-Mart discount store , along with a tire and oil change shop optical center photo processing lab...