Sam Walton was a man with visionary leadership, and our business is a result of that. Since the firstWalmart opened in 1962 in Rogers, Arkansas, we've been dedicated to making a difference in the lives of ourcustomers. Today, we're helping communities save money and live better all over the world.
"Give me a W! Give me an A! Give me an L! How about a squiggly? Now give me an M! A! R! T! What's thatspell? Walmart! I can't hear you! Walmart! Who's number one? The customer!"
- 1960s
- 1970s
- 1980s
- 1990s
- 2000s
- 2010s
- 2020s
Retail Revolution
Sam Walton's strategy is built on an unshakeable foundation: the lowest prices anytime, anywhere.
1962
On July 2, 1962, Sam Walton opens the first Walmart store in Rogers, Arkansas.
1967
The Walton family owns 24 stores, ringing up $12.7 million in sales.
1969
The company officially incorporates as Wal-Mart Stores, Inc.
1962 ribbon cutting for the first Walmart store in Rogers, Arkansas.
Walmart goes national
In the 1970's, a decade of incredible growth, "Mr. Sam" begins to take Walmart national, providinghis vision's widespread appeal.
1970
Walmart becomes a publicly traded company. The first stock is sold at $16.50 per share.
1971
The first distribution center and Home Office open in Bentonville, Arkansas.
1972
Walmart is listed on the New York Stock Exchange (WMT). With 51 stores, Walmart recordssales of $78 million.
1975
Inspired by a visit to a Korean manufacturing facility, Sam Walton introduces the Walmartcheer.
1978
First pharmacy opens.
1979
The Walmart Foundation is established.
Walmart distribution center and general office sign.
Decade of firsts
In the 1980s, the first Sam's Club opens, serving small businesses and individuals, and the firstWalmart Supercenter opens, combining a supermarket with general merchandise.
1980
Walmart reaches $1 billion in annual sales, faster than any other company at that time.
Walmart has 276 stores and employs 21,000 associates.
1983
The first Sam's Club opens in Midwest City, Oklahoma.
Walmart replaces cash registers with computerized point-of-sale systems, enabling fast andaccurate checkout.
1984
Sam Walton does the hula on Wall Street, making good on a promise to associates after thecompany achieves a pre-tax profit of 8% for the previous fiscal year.
1987
The Walton family establishes the Walton Family Foundation.
The company installs the largest private satellite communication system in the U.S., linkingthe company's operations through voice, data and video communication.
1988
The first Walmart Supercenter opens in Washington, Missouri, combining general merchandiseand a full-scale supermarket to provide one-stop shopping convenience.
David Glass is named chief executive officer.
Sam Walton walks through first Sam's Club store.
America's Top Retailer
By 1990, Walmart is the nation's No. 1 retailer. As the Walmart Supercenter redefines convenienceand one-stop shopping, Everyday Low Prices goes international.
1991
Through a joint venture with Cifra, a Mexican retail company, Walmart goes global, opening aSam's Club in Mexico City.
First optical location.
1992
While receiving the Medal of Freedom, Sam Walton articulates the company's mission of savingpeople money so they can live better, shortly before passing away at age 74.
Rob Walton becomes chairman of the board.
Walmart employs 371,000 associates in 1,928 stores and clubs.
1993
Walmart celebrates its first $1 billion sales week.
1994
Walmart expands into Canada with the purchase of 122 Woolco stores.
1996
Walmart opens its first stores in China.
1997
The company celebrates its first $100 billion sales year.
1998
The Neighborhood Market format is introduced with three stores in Arkansas.
Walmart enters the United Kingdom with the acquisition of Asda.
A group of associates cheer as Walmart goes international.
New Millennium
Walmart enters the new millennium dedicated to offering customers a seamless shopping experience,whether they are online, in a store or on a mobile device.
2000
H. Lee Scott, Jr. succeeds David Glass as CEO.
Walmart.com is founded, allowing U.S. customers to shop online.
Walmart employs more than 1.1 million associates in 3,989 stores and clubs worldwide.
2002
For the first time, Walmart tops the Fortune 500 ranking of America's largest companies.
Walmart enters the Japanese market through its investment in Seiyu.
2005
Walmart takes a leading role in disaster relief, contributing $18 million and 2,450truckloads of supplies to victims of hurricanes Katrina and Rita.
Walmart announces major commitment to environmental sustainability.
- Create zero waste
- Use only renewable energy
- Sell products that sustain people and the environment
2006
Walmart introduces its $4 generic-drug prescription program.
2007
Walmart.com launches its Site to Store service, enabling customers to make a purchase onlineand pick up merchandise in stores.
2009
Mike Duke becomes CEO.
Walmart enters Chile with the acquisition of a majority stake in D&S S.A.
Walmart exceeds $400 billion in annual sales.
Walmart facilities organizing packages ordered from Walmart.com.
People-Led and Tech-Empowered
Walmart commits to serving customers in a changing retail environment, leveraging both associatesand technology to make it happen.
2010
Bharti Walmart, a joint venture, opens its first store in India.
Walmart commits $2 billion through the end of 2015 to help end hunger in the United States.
Walmart launches a global commitment to sustainable agriculture, aiming to strengthen localfarmers and economies, while providing customers access to affordable, high-quality food.
2011
Walmart expands its business into South Africa by acquiring 51% of Massmart HoldingsLimited.
With the acquisition of Massmart in South Africa, Walmart surpasses 10,000 retail unitsaround the world.
2012
Walmart celebrates 50 years of helping people save money so they can live better.
2013
Walmart U.S. announces it will hire any honorably discharged veteran within their first yearoff active duty. Walmart projects hiring over 100,000 veterans in the next five years.
Walmart acquires Bharti Walmart Private Limited, including the Best Price Modern Wholesalecash and carry business in India.
Walmart commits to buying $250 billion in goods manufactured in the United States over thenext 10 years.
Walmart opens its first store in the District of Columbia.
2014
Doug McMillon succeeds Mike Duke as CEO.
Greg Foran becomes President and CEO of Walmart U.S.
2015
The company employs 2.3 million associates worldwide and serves more than 200 millioncustomers each week at more than 11,000 stores in 27 countries.
Walmart announces a $2.7 billion investment over two years in its U.S. workforce.
Walmart acquires 100% stake in Yihaodian, an e-commerce business in China, up from the 51%stake since 2012.
Rob Walton retires as chairman of the board of directors for Wal-Mart Stores, Inc. Hecontinues to serve as a director.
Greg Penner succeeds Rob Walton as chairman of Wal-Mart Stores, Inc.
2016
Walmart opens its Culinary & Innovation Center in Bentonville, Arkansas to develop and testnew and innovative products.
Walmart Pay, a fast, easy and secure way for customers to make purchases with their smartphones, becomes a popular in-store payment method.
Online retailer Jet.com and Heyneedle, a subsidiary of Jet.com, become part of the Walmartfamily.
Walmart opens its first training Academy in South Carolina, with 200 total locations plannedat stores across the U.S.
More than 1.2 million Walmart and Sam's Club associates get a pay increase as part of thecompany's two-year, $2.7 billion investment in its people.
With goals focused on sustainability, Walmart makes a commitment to become the most trustedretailer by 2025.
2017
John Furner becomes Sam's Club's new president and CEO.
Walmart launches free two-day shipping on more than 2 million items, no membership required.
Walmart acquires Moosejaw, ModCloth, Bonobos and Parcel. Jet acquires ShoeBuy.com, which islater renamed Shoes.com.
Walmart launches Store No 8, a tech incubator, with a focus to drive commerce forward andtransform the future of retail.
Walmart launches Project Gigaton, asking suppliers to help reduce greenhouse gas emissionsfrom its supply chain by 1 gigaton.
The company also sets a new goal to reduce its consumables chemical footprint by 10% by2022.
2018
The company changes its legal name from Wal-Mart Stores, Inc. to Walmart Inc.
More than 1 million associates benefit from wage rate increases and expanded maternity andparental leave benefits.
Judith McKenna becomes President and CEO of Walmart International.
Walmart acquires Flipkart in India, divestiture of its business in Brazil and proposedmerger of Asda and Sainsburys in the U.K.
Walmart acquires Eloquii, Bare Necessities, and Art.com.
2019
John Furner named President and CEO of Walmart U.S.
First Walmart Health Center opens.
Walmart launches InHome Delivery and free NextDay delivery from Walmart.com.
Kath McLay named President and CEO of Sam's Club.
Walmart insources its advertising business, now known as Walmart Connect.
International Walmart customers use self-checkout systems.
Beyond traditional retail
Walmart expands the ecosystem that supports customers, enhancing processes that enable them to shopwherever and however they choose.
2020
Walmart and Sam's Club respond to COVID-19, turning parking lots into testing centers andsourcing PPE materials for frontline healthcare workers.
Walmart launches Walmart+ membership program to help customers save even more time andmoney.
Walmart.org establishes Center for Racial Equity following the murder of George Floyd.
Walmart Argentina is acquired by Grupo de Narváez.
2021
Walmart sells majority stake in Seiyu to KKR and Rakuten.
Walmart and Sam's Club administer tens of millions of COVID-19 vaccines, 80% of which weredelivered in medically underserved communities.
Walmart completes the sale of United Kingdom grocery chain Asda.
Walmart invests in drone delivery, fintech and autonomous vehicles.
Walmart launches Walmart GoLocal last-mile delivery service.
Walmart announces plans to pay 100% of college tuition and books for U.S. associates throughLive Better U.
Walmart announces inaugural $2 billion green bond offering.
Walmart launches Walmart Data Ventures.
2022
Walmart scales InHome Delivery reaching 30 million U.S. homes.
Walmart Health expands to Florida.
Walmart's Project Gigaton™ initiative surpasses halfway mark.
Walmart celebrates 60th Anniversary.
A drone delivers a package from a Walmart Neighborhood Market.
Certainly! The information you provided is a comprehensive timeline of Walmart's history, its expansions, innovations, and milestones. Let's break down the concepts and key points mentioned in the article:
1960s:
- Sam Walton opens the first Walmart store in Rogers, Arkansas in 1962.
- By 1967, the Walton family owned 24 stores, totaling $12.7 million in sales.
- Official incorporation as Wal-Mart Stores, Inc. happened in 1969.
1970s:
- Walmart became a publicly traded company in 1970.
- The company's growth expanded nationally, with 51 stores by 1972, recording $78 million in sales.
- Introduction of Walmart's famous cheer inspired by a Korean manufacturing facility visit in 1975.
- The establishment of the Walmart Foundation occurred in 1979.
1980s:
- Walmart experienced rapid growth, reaching $1 billion in annual sales by 1980.
- Innovations like the first Sam's Club and Walmart Supercenter emerged in the 1980s.
- Technological advancements such as computerized point-of-sale systems were implemented for faster checkout.
- The company focused on expansions, charitable endeavors, and technological investments.
1990s:
- Walmart became the nation's No. 1 retailer in the 1990s.
- It expanded internationally, entering Mexico and Canada.
- Sam Walton's mission of saving people money so they can live better became a hallmark of the company.
- Significant milestones included the first $1 billion sales week, expansions in China, and the United Kingdom.
New Millennium (2000s):
- Walmart's dedication to a seamless shopping experience, including online ventures like Walmart.com in 2000.
- The company's commitment to disaster relief and environmental sustainability initiatives.
- Expansions into various countries, including India, Chile, and South Africa.
2010s:
- Further global expansions and commitments to sustainable agriculture and hunger relief efforts.
- Technological advancements, such as Walmart Pay and the launch of various services.
- Continued commitment to associates' benefits, sustainability, and becoming the most trusted retailer by 2025.
2020s:
- Response to the COVID-19 pandemic by turning parking lots into testing centers, administering vaccines, and launching Walmart+ membership.
- Walmart's social initiatives like establishing a Center for Racial Equity and selling Walmart Argentina.
- Innovations in drone delivery, green bonds, educational benefits for associates, and the growth of Walmart Health Centers.
Throughout its history, Walmart has continually focused on growth, technological advancements, customer satisfaction, global expansion, sustainability, and social responsibility.
