The 1960s
On July 2, 1962, Sam Walton opened the first Walmart store in Rogers, AR. By 1969, the company was officially incorporated and registering $12.7 billion in sales.
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The 1970s was a decade of incredible growth. In this time, we became a publicly traded company, opened our first Distribution Center and landed on the New York Stock Exchange. And what's more? In 1975, the Walmart Cheer was born.
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Walmart reached $1 billion in annual sales, opened the first Sam's Club and Walmart Supercenter. By the late 80s, Walmart had 276 stores and employed over 21,000 associates. Oh, and Sam Walton did the hula on Wall Street.
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By 1990, Walmart was the nation's number-one retailer. As the Walmart Supercenter redefined convenience and one-stop shopping, Every Day Low Prices went global. In 1997, we celebrated a year that brought in $100 billion in sales.
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As CEO, Doug McMillon embodies the innovative spirit modeled by our founder Sam Walton. Since acquiring Jet.com in 2016, we've welcomed a number of brands to the Walmart family including Shoebuy, Hayneedle, Moosejaw, Modcloth, and more. Our tech innovations are fueled by the research team @WalmartLabs and tech incubator Store 8.
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