Taking the Company Public View Exhibit
Walmart becomes a publicly held company. First offered at $15, shares sell at $16.50 each.
Walmart's first distribution center and Home Office open in Bentonville, Arkansas.
The company has 1,500 associates working in 38 stores in five states: Arkansas, Kansas, Louisiana, Missouri, and Oklahoma. Annual sales hit $44.2 million.
Two years after going public, Walmart was added to the New York Stock Exchange Play Video
Feb. 1971 As we're about to close our fiscal year of 1970, I'm... Read Letter
The hourly associate profit-sharing plan is introduced.
In May, Walmart stock experiences its first 100 percent split; it sells at a market price of $47.
Jun. 1971 I’ll review a few highlights of the past month or two... Read Letter
“Our 2.2 million associates make the difference every day and that's an advantage no one else can match.”
Walmart operates 51 stores, with annual sales of $78 million and 2,300 associates.
Aug. 1971 Turnover! Return on Investment! Those are two phrases... Read Letter
Nov. 1971 11 DOWN – 3 TO GO IN ‘71 And they're even getting... Read Letter
Walmart World, Walmart’s associate magazine, is first published in February.
Taking Care of Families
From the very beginning, the basic essentials as well as small luxuries were offered at the lowest prices, helping families save money and live better.
Bob Thornton helped build the world-class Walmart distribution model that Walmart has today. Ferold Arend streamlined store operations, including merchandise accountability and personnel leadership.
Walmart is listed on the New York Stock Exchange.
May. 1972 I suppose that being the President of a growing company... Read Letter
Walmart stock splits 100 percent for the second time, with a market price of $47.50 on the NYSE.
Little Known Sparks What dance did Sam do on Wall Street when Walmart reached its profit goal in 1983?
Sam danced the hula when Walmart reached its goal.
Jul. 1972 Ten Tremendous Years With Wal-Mart 1962-1972 The first... Read Letter
Sep. 1972 The Records Tumble In This Summer of 1972 With Wal-Mart... Read Letter
Walmart data processing center.
Dec. 1972 Sales Up for October And First Nine Months of Year!... Read Letter
Walmart operates 64 stores, with sales of $124.9 million and 3,500 associates.
Jan. 1973 Our Prime Objective for 1973 In thinking about our year... Read Letter
Expansion continues into Tennessee.
Walmart executives, from left: Bud Walton, Ferold Arend, and Sam Walton, 1973.
Nov. 1973 New Trends in Retailing as It Affects Our Wal-Mart... Read Letter
“We swim upstream, and it makes us strong and lean and alert.”
Dec. 1973 As the Holiday Season approaches, I would like to share... Read Letter
Feb. 1974 – Goals for 1974 It’s that time of year again. A new... Read Letter
Every Day Low Prices View Exhibit
In an effort to "level out sales curves and spread out increased efficiency," Walmart executive Jack Shewmaker champions Every Day Low Prices.
As an outstanding store manager, Gary Reinboth trained Ron Loveless, who later became the first CEO of Sam's Club.
As a key member of Walmart's senior leadership team, Ferold Arend is promoted to President and Chief Operating Officer in 1974.
Walmart stores open in Kentucky and Mississippi; the 100th store opens in Bentonville.
Jul. 1974 A Matter of Pride In a recent trade publication, our... Read Letter
Dec. 1974 Another very excellent report was just released for our... Read Letter
Little Known Sparks How old was Sam Walton when he became an Eagle Scout: 13, 14, or 15?
At 13 years old, Sam became the youngest Eagle Scout in the state's history when he received the award for saving a boy from drowning.
The origins of Every Day Low Prices. Play Video
Forbes ranks Walmart number one among general retailers.
Inspired by workers he saw during a visit to Korea, Sam introduces the famous Walmart cheer.
Sam's Letters View Exhibit
Walmart leases an IBM System/370 Model 135 to track stock-keeping units (SKUs) in its distribution centers. It is one of the first computers to use “virtual memory.”
Electronic cash registers in more than 100 Walmart stores record point-of-sale (POS) data to maintain inventory.
“The real key is, let's truly spoil our customers as never before and beyond with our friendliness, courtesy and our obvious personal concern for their needs, appreciating them every day as we would guests in our homes. Our customer is our friend and guest who has chosen us over all other stores available on the street. Let's treat them accordingly and personally thank them for letting us serve them better with their needs.”
Walmart goes to Texas.
Over 7,500 associates work in 125 stores, with annual sales of $340.3 million.
Little Known Sparks When did Walmart become the nation’s largest retailer: ’90, ’95, or ’01?
In 1990, Walmart became the nation's largest retailer with annual sales of over $32 billion.
Jun. 1976 Our first quarter results were real good, as... Read Letter
David Glass joins the company as executive vice president of finance.
Jul. 1976 The Real Hidden Asset on Wal-Mart’s Balance Sheet Much... Read Letter
Dec. 1976 By the time you read this article, you will be in the... Read Letter
David Glass, Bud Walton, Sam Walton, Ferold Arend, and Jack Shewmaker
May. 1977 As a Company, we're sensitive to our customers and our... Read Letter
Walmart builds a company-wide computer network and deploys a system for ordering merchandise from suppliers. The network helps Walmart achieve the secret to its success: Every Day Low Prices.
Aug. 1977 We had another good month in July and the second... Read Letter
Walmart makes its first acquisition: 16 Mohr Value stores in Missouri and Illinois.
“Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They're absolutely free—and worth a fortune”
Sam in his Bentonville office.
“I don't know of anyone who has contributed more toward our total success as a retail company than Ferold Arend.”
Apr. 1978 It's the last day of March, 1978, and almost two... Read Letter
Jun. 1978 We Must “Listen Aggressively” Most of our management... Read Letter
Walmart buys the Hutcheson Shoe Company.
Pharmacies, auto-service centers, and jewelry divisions are introduced in Walmart stores.
In August, Jack Shewmaker becomes president and chief operating officer of Wal-mart Stores, Inc.
Sep. 1978 Message From Sam Walton I'm on my way to Greenville,... Read Letter
“All of us have got to go out to our stores and listen to our partners.”
Nov. 1978 1978 rolls on! Our September results were much better... Read Letter
Dec. 1978 "OUR ASSOCIATES MAKE THE DIFFERNCE" What a truth, and... Read Letter
A Billion Dollar Company View Exhibit
The Walmart Foundation is established; its first trustees are Sam Walton, David Glass, and Jack Shewmaker.
Jan. 1979 Our year's rapidly coming to a close, and what a great... Read Letter
“Everything that is above average indicates quality thinking and the 'Pride of Performance.' It should be the rule rather than the exception. Constructive planning, good training, and careful supervision unite in beating competition and yesterday's methods.”
Rob Walton at Store #281 in Heber Springs, Arkansas.
Mar. 1979 We’ve just completed what has to be the best year-end... Read Letter
Our People Make the Difference View Exhibit
Little Known Sparks
In which Oklahoma town was the first Sam's Club opened?
The first Sam's Club opened in Midwest City, Oklahoma, in 1983.
Corporate Giving: The Walmart Foundation View Exhibit
“In 1979 ... We hit a billion dollars in sales ... I was amazed that Wal-Mart had turned into a billion-dollar company. But I couldn't see any logic to stopping there.”
Walmart Transportation View Exhibit
Because of rapid growth in its computing power, the company builds a 16,000-square-foot data-processing facility to house the latest technology, and it installs the first terminal in a store: an IBM 3774.
Aug. 1979 My good friends, we were honored in Chicago this week... Read Letter
Walmart expands into Alabama.
Sam's Truck View Exhibit
Walmart is the first company to reach $1 billion in annual sales in such a short period.
Little Known Sparks In what year did Walmart open its first store in China: ’92, ’94, or ’96?
In 1996, Walmart expanded into China.
By the Numbers
By the end of the 1970s, annual sales reach $1.24 billion. Walmart has more than 21,000 associates and 276 stores.
David Glass at the year-end meeting at the Tan-Tar-A Resort, in Missouri.
The Walmart Aviation Maintenance Department is established to work on the Walmart fleet.
Walmart's 21,000 associates are working at 276 stores with $1.2 billion in annual sales.
Delivering Savings: The History of Walmart Transportation Play Video