https://padlet.com/molly_johnson610/4y0nzsk0o6gv History, culture, and creation of America's largest discount department store chain. en-us 2019-04-12 19:19:06 UTC 2024-11-21 18:28:46 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/373548606/6a5407665c613ea4345772d02781c90b/copy_.jpg molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/351295957 In 1962, the first Walmart store, located in Arkansas, made its first appearance. 
Founder Sam Walton opened the first store under the name, "Walton's 5 & 10."
This was just the beginning. Walmart soon spread across the state and by 1969, the first "Wal-Mart" stores were opened in Missouri and Oklahoma. ]]> 2019-04-12 19:28:22 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/351295957 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/351296085 Walmart not only changed their initial name, but also changed their logo over the years as well.]]> 2019-04-12 19:28:49 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/351296085 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352143682 1962: The first store is opened under the name, "Walton's 5 & 10."
1967: 24 stores were opened across Arkansas.
1972: Walmart could now be found in five states: AR, KS, MI, OK, and LA.
1983: Walmart opened the first Sam's Club in Oklahoma.
1988: Walmart was named America's #1 Retailer in profits.
1991: The first international Walmart store was opened in Mexico City, followed by the first Walmart in Canada in 1995.]]> 2019-04-16 21:48:17 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352143682 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352145376 2019-04-16 22:01:14 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352145376 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352145586                     Sam Walton]]> 2019-04-16 22:03:02 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352145586 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352146064 2019-04-16 22:07:42 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352146064 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352146477 2019-04-16 22:12:21 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352146477 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352146693 Walmart's exponential growth in the past fifty years has not been a matter of luck. In fact, there are a couple key reasons as to the success of the Walmart enterprise.

• Lower prices than competitors, making it more affordable for low-income households.
• High volume of employment for a wide spectrum of workers.
• Availability across the globe: you're never far from a Walmart!

]]> 2019-04-16 22:14:22 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352146693 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352147532 Studies have found that having a local Walmart will actually increase properties within a half mile radius to a Walmart would see a 3% to 4% increase in value.

Small businesses such as restaurants, office spaces, and other noncompeting businesses can also benefit from neighboring Walmart stores.]]> 2019-04-16 22:21:46 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352147532 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352147665 Walmart emphasizes world-wide that their core values are intended to stand for the people.

• Service to the customer
• Respect for the individual
• Strive for excellence
• Act with integrity

]]> 2019-04-16 22:23:03 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352147665 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352148002 2019-04-16 22:26:03 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352148002 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352148148 It should be noted that Walmart has not always acted in ways parallel to their core values. In the 1970's, during the companies early years, Walton implemented "uncompromising resistance" in labor regulations to deter unionization. Even from the beginning Walmart has been a topic of controversy.

Lawsuits and class actions cases have been made against Walmart for:

• Unpaid wages. 
•  The discrimination against women, LGBTQ, and ethnicity in terms of pay/promotions. 
• Denying mandatory employee breaks, violating state labor laws.
• "Off-the-clock" work.

]]> 2019-04-16 22:27:35 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352148148 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352150202 2019-04-16 22:51:29 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352150202 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352414323 Walmart, however, isn't always beneficial for companies who aim to sell similar products but can't compete with Walmart prices.]]> 2019-04-17 19:31:05 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352414323 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352415413 Every year, a list of 500 most profitable companies is devised, known as the Fortune 500. From 2012 to 2018, Walmart clocked in at #1, and has made the list 14 times. ]]> 2019-04-17 19:34:54 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352415413 molly_johnson610 https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352416380 2019-04-17 19:38:38 UTC https://padlet.com/molly_johnson610/4y0nzsk0o6gv/wish/352416380