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The first Wal-Mart variety opened in 1962 by Sam Walton in Rogers Arkansas The Superstore Giant now sells almost everything Although Wal-Mart began as a small variety store within five years Wal-Mart had opened an additional 23 stores with a total of 126 MM in sales In May 1971 Wal-Mart acquired their first 100 percent stock split and listed on the NYSE one year later within months again Wal-Mart had yet another 100 percent stock split By 1975 125 stores were operating with 7500 associates 3403 million in sales and their third stock split In 1979 with 276 stores 21000 associates and is in its 11th state Wal-Mart became the first company to reach 1248 billion in such a short time span By the 1980s Wal-Mart had five additional stock splits November 1980 June 1982 and June of 1983 in this same year the first SAMs club opened in Oklahoma September 1985 and June 1987 at this time Wal-Mart celebrated their 25th anniversary with 1198 stores with sales of 159 billion and 200000 associates By the close of the 1990s Wal-Mart had become the nations number one retailer had its eleventh stock split ventured into Puerto Rico Germany and Korea was the number one largest private owned employer in the United States and replaced Woolworths on the Dow Jones industrial Average The turn of the Century Wal-mart was listed by Fortune Magazine as the third most admired company of America in 2001 it was among the top 25 Diversity Recruitment Programs for its aggressive program to hire and promote Latinos according to Hispanic Business Magazine In 2002 Wal-Mart is ranked number one on the Fortune 500 listing httpwwwwalmartstorescomwmstorewmstoresMainaboutjsp Wal-Mart is now the worlds biggest corporation having passed Exxon Mobil The multibillion-dollar company makes 220 billion a year With more than one million employees this is three times more than General Motors Company that has been around three times
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