Company Selection Paper

account of Wal-MartOn July 2, 1962, Walton opened the kickoff Wal-Mart store, Wal-Mart Discount City. Within louvre geezerhood the conjunction expanded to 24 stores across the extract of argon and reached $12.6 million in gross revenue. In 1968, the low stores opened foreign Arkansas, in Missouri and Oklahoma. The company was incorporated as Wal-Mart Stores, Inc. on October 31, 1969, and in 1970 opened its home self-confidence in Bentonville, Arkansas, and its number 1 distribution center (www.walmart.com, 2007). There were 38 stores operating with 1,500 employees and gross revenue of $44.2 million. The company began trading decline at this time as a publicly held company on October 1, 1972, and was listed on the Ney York carnation Exchange shortly thenceforth (www.wikipedia.com, 2007). The first stock disperse occurred in May 1971 at a market determine of $47. By this time, Wal-Mart was operating in five states: Arkansas, Kansas, Louisiana, Missouri and Oklahoma. Wal- Mart entered Tennessee in 1973, and Kentucky and Mississippi in 1974. Wal-Mart act to grow rapidly during the eighties and by its 25th day of remembrance in 1987; there were 1,198 stores with sales of $15.9 billion and 200,000 associates (www.walmart.com, 2007). Company grant and CEO Sam Walton stepped drop the following year, replaced by David Glass. History of placeIn 1962, the Dayton Company, using a fancy developed by washstand F.

Geisse, entered discount merchandising by opening its first gull discount store in Roseville, Minnesota. The name Target originated from Daytons promotion director, Stewart K. Widdess, and was intended to prevent consumers from associating the advan ced discount store strand with the departme! nt store (www.target.com, 2007). The freshly subsidiary, Target Stores, ended its first year with four units, only in the Minneapolis area. Target Stores woolly money in the sign years; however, in 1965 Target reported its first cod with sales reaching $39 million, allowing... If you want to get a full essay, order it on our website: OrderEssay.net

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