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Walmart is an American multinational retail corporation founded by Sam Walton in 1962. Starting as a single discount store in Rogers, Arkansas, it grew into the world's largest company by revenue, revolutionizing retail through low prices, supply chain innovation, supercenters, e-commerce, and global expansion. More Less
1950
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The history of Walmart began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison, laying the groundwork for what would become the world's largest retailer.
Image source: History of Walmart
1962
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The Walmart chain proper was founded in 1962 with a single store in Rogers, Arkansas, marking the official beginning of the discount department store chain.
1967
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By 1967, the company had grown to 24 stores across the state of Arkansas and reached $12.6 million in sales.
1968
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In 1968, Walmart opened its first stores outside of Arkansas, in Sikeston, Missouri, and Claremore, Oklahoma.
Apr 1983
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In April 1983, the company opened its first Sam's Club store, a membership-based discount warehouse club, in Midwest City, Oklahoma.
Image source: Sam's Club
1988
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Also in 1988, the first Wal-Mart Supercenter was opened in Washington, Missouri, combining a full grocery section with general merchandise.
Image source: Hypermarket
1998
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In 1998, Walmart introduced the Neighborhood Market concept at three stores in Arkansas, offering smaller-format grocery-focused locations.
Image source: Walmart
May 1972
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The company's first stock split occurred in May 1972 at a market price of $47 (approximately $266.00 in 2024 dollars).
1977
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By 1977, Walmart expanded into Illinois and made its first corporate acquisition, assuming ownership and operation of 16 Mohr-Value stores operating in Missouri and Illinois.
1978
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Following the Mohr-Value acquisition, Walmart acquired the Hutcheson Shoe Company in 1978.
1987
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By the company's 25th anniversary in 1987, there were offices to track inventory, sales, and send instant communication to their stores.
1988
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By 1988, Wal-Mart was operating in 27 states and was the most profitable retailer in the United States, though it did not outsell K-Mart and Sears in value until late 1990 or early 1991.
1988
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Continuing their technological upgrades, Walmart had equipped 90% of their stores with barcode readers by 1988 to assist in keeping track of their large inventory.
Feb 1988
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In February 1988, company founder Sam Walton stepped down as chief executive officer, and David Glass was named to succeed him.
Image source: David Glass (businessman)
1990
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In 1990, US sales had quadrupled to $32 billion over the previous five years, and Walmart acquired The McLane Company, a food service distributor later sold to Berkshire Hathaway in 2003.
Image source: McLane Company
Mar 17, 1992
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On March 17, 1992, US President George H. W. Bush awarded Sam Walton the Presidential Medal of Freedom, recognizing his contributions to American retail.
Image source: Sam Walton
Apr 5, 1992 - Apr 7, 1992
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Founder Sam Walton died on April 5, 1992. His son S. Robson Walton succeeded him as chairman of the corporate board of directors on April 7, 1992.
Dec 1993
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In December 1993, Walmart's stores achieved the billion-dollar sales mark in a single week for the first time.
1994
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In 1994, the Code Adam program was instituted in Walmart stores, a missing-child safety protocol that became an industry standard.
1997
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In 1997, Walmart replaced Woolworth on the Dow Jones Industrial Average, cementing its status among America's leading corporations.
Image source: Dow Jones Industrial Average
2000
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In 2000, Lee Scott was named president and CEO, and US sales had doubled to $156 billion since 1995. That year Fortune ranked Walmart fifth on its Global Most Admired All-Stars list.
Image source: Lee Scott (businessman)
2005
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In 2005, Walmart had $312.4 billion (approximately $481 billion in 2024) in sales, more than 6,200 facilities around the world including 3,800 US stores and 3,800 international units, and more than 1.6 million associates employed worldwide.
Nov 2025 - Feb 1, 2026
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In November 2025, Walmart announced that longtime CEO Doug McMillon, who had served since 2019, would retire in January, with his successor taking over as chief executive on February 1.
Image source: Doug McMillon
1973 - 1974
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By this time Walmart was operating in five states: Arkansas, Kansas, Louisiana, Missouri, and Oklahoma. It expanded into Tennessee in 1973 and Kentucky and Mississippi in 1974.
1975
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As the company expanded into Texas in 1975, there were 125 stores with 7,500 associates and total sales of $340.3 million (approximately $1.54 billion in 2024).
1981
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In 1981, Walmart expanded into the southeastern US market, opening stores in Alabama, Georgia, and South Carolina, and acquiring 92 Kuhn's Big K stores.
1982
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Walmart continued its national growth by expanding into Florida and Nebraska in 1982.
1984
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The first Walmart stores opened in Virginia in 1984 as part of the company's continued eastward expansion.
1985
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In 1985, with 882 stores, sales of $8.4 billion, and 104,000 associates, the company expanded into Wisconsin and Colorado, with first stores opening in Minnesota in 1986.
1990
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By 1990, Walmart expanded into California, Nevada, North Dakota, Pennsylvania, South Dakota, and Utah, officially becoming a fully nationwide retailer.
1991
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In 1991, the company expanded into Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, and New York, and launched the Sam's American Choice brand 'Made in America' initiative to stimulate American suppliers.
1995
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By 1995, Walmart had 1,995 discount stores, 239 Supercenters, 433 Sam's Clubs, and 276 international stores, with sales at $93.6 billion (approximately $175 billion in 2024) and 675,000 associates.
1993
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In 1993, the Walmart International Division was formed with Bobby Martin as its president, signaling the company's growing global ambitions.
1994
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That same year, Walmart acquired 91 PACE Membership Warehouse clubs from Kmart and 122 Woolco stores in Canada, marking its entry into Canadian retail.
1996
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The company entered the Chinese market in 1996 through a joint-venture agreement, expanding its international footprint into Asia.
Image source: Walmart
1999
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The Asda chain in the United Kingdom became a Walmart subsidiary in 1999 and is the second-largest chain in the UK after Tesco.
Image source: Asda
2002 - 2008
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In 2002, Walmart entered the Japanese market by acquiring a minor stake in Seiyu Group, which would become a wholly owned subsidiary of Walmart by 2008.
Image source: Seiyu Group
May 22, 2006
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On May 22, 2006, Walmart announced the sale of its 16 stores in South Korea to Shinsegae Co., which rebranded the stores to E-Mart.
Jul 26, 2006
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On July 26, 2006, Walmart announced a complete pull-out from the German market; all existing 85 stores were sold to the Metro Group, which rebranded most of them to Real hypermarkets.
Jan 2009
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In early 2009, Walmart entered Chile by acquiring Distribucion y Servicio D&S SA, expanding its Latin American presence.
May 2009
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In May 2009, Walmart entered into a 50/50 partnership with Bharti to gain access to the Indian market.
Image source: Bharti Enterprises
Jun 2011 - 2012
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In June 2011, Walmart acquired 51% of Massmart Holdings, expanding into Africa. The acquisition received final governmental approval in early 2012.
Image source: Massmart
2005
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In late 2005, Walmart designed two experimental stores in McKinney, Texas, and Aurora, Colorado, featuring wind turbines, photovoltaic solar panels, biofuel-capable boilers, water-cooled refrigerators, and xeriscape gardens.
Sep 12, 2007
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On September 12, 2007, for the first time in 13 years, Walmart introduced new advertising with the slogan 'Save money. Live better.' Research commissioned found Walmart saved American families about $2,500 yearly as of 2006.
Jun 30, 2008
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On June 30, 2008, Walmart unveiled the company's new logo, which stylized the name as 'Walmart' with a spark symbol, replacing the previous hyphenated branding.
Image source: Walmart
Dec 3, 2008
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On December 3, 2008, the family of service worker Jdimytai Damour, who was killed by a stampede of shoppers entering a Valley Stream, New York store on Black Friday (November 28), filed a wrongful death lawsuit against Walmart.
Image source: Black Friday (shopping)
Feb 22, 2010
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On February 22, 2010, the company confirmed it was acquiring the video streaming company Vudu, Inc. for an estimated $100 million (approximately $140 million in 2024).
Image source: Fandango (streaming service)
Jun 2014
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In June 2014, Walmart employees went on strike in several major cities in the United States, protesting wages and working conditions.
Image source: Criticism of Walmart
Mar 2020 - Feb 2022
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The COVID-19 pandemic forced temporary measures such as store closures, limited occupancy, employee dismissals, and social distancing protocols. From 2020 to early 2022, customers were required to wear masks in all stores nationwide, including Sam's Club. By February 2022, restrictions such as mask requirements were lifted.
Image source: COVID-19 pandemic
Dec 2020
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In December 2020, Walmart launched Carrier Pickup, a new service allowing customers to schedule returns for pickup.
Jan 2021
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In January 2021, Walmart announced it was launching a fintech startup with venture partner Ribbit Capital to provide financial products for consumers and employees.
Image source: Affirm Holdings
2024
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As of 2024, Walmart is removing self-checkout from some stores, adjusting its checkout strategy across locations.
Image source: Self-checkout
Jan 13, 2025
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On January 13, 2025, Walmart unveiled a new logo for the first time in 17 years, designed by Jones Knowles Ritchie and Landor, along with a new custom font 'Everyday Sans' based on Antique Olive Black, used from 1977 to 1992 and in the logo from 1981 to 2008.
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