The first Wal-Mart store opened its doors on July 1, 1962
with a total investment of $72,000 - $60,000 for merchandise, $12,000 for
fixtures (including signs and cash registers) in a “giant sized” 16,000 foot store
in Rogers, Arkansas!
From that beginning ten years ago this month, Wal-Mart has
had continuous growth and success that has brought Wal-Mart a total of
forty-eight stores. Nine of these have been opened in the past six months, with
eight more scheduled for the balance of fiscal 1972. Thus, by the end of 1972,
we will have in operation a total of fifty-seven stores in five states, ranging
in size from our largest and recently opened 77,000 square foot store in
Joplin, Missouri to our smallest 25,000 square foot store in Nashville,
It is rewarding to
know that our efforts have produced such great results.
Wal-Mart’s spectacular growth pattern spells opportunity for
all employees. In addition to producing more jobs, our growth has also
nourished economic security for each employee and his family. This is one of
the basic commitments in our Company philosophy.
This is an exciting time of growth and expansion for
Wal-Mart. Being part of a Company that
is providing opportunities now and for the future makes an experience with
Wal-Mart exciting, rewarding and challenging.
We welcome the challenge!
Sam M. Walton
Click and Hold to Zoom In
Read Prev Letter
Read Next Letter
I suppose that being the President of a growing company...