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Wal-Mart

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|TRIDENT UNIVERSITY INTERNATIONAL |
|WALMART |
|FIN501 SLP 1 |

In 1962, Sam Walton traveled the country studying everything he could about discount retailing. He became convinced American consumers wanted a new type of store. Trusting his vision, Sam and his wife Helen put up 95 percent of the money for the first Wal-Mart store in Rogers, Ark.
In 1972, Wal-Mart stock was offered for the first time on the New York Stock Exchange. its initial public offering in 1970, the company has performed well, recording numerous splits and providing a return of more than 160,000 percent to its initial investors The company initially offered 3000,000 shares at $16.50 per share.[1] With this infusion of capital, the company grew to 276 stores in 11 states by the end of the decade.
Today, there are 10,130 stores and Sam's club locations in 27 countries employing 2.2 million associates, serving more than 176 million customers a year! As of yesterday, Walmart sold at $59.01 a share.[2]

Personally I'm a fan of Wal-Mart and its prices. Although we are military and have the Exchange that offers us quality items tax-free, the selection at Walmart still can't be beat. In recent years, Wal-Mart tried to formulate a plan and tried to appeal to a more upscale audience — bringing in nicer fashions and organic foods, and trimming its selection of bargain price items. The change wasn't received well. High-end shoppers were unimpressed, while Wal-Mart's traditional customers, like myself looked to the dollar stores for their needs, resulting in declining sales....

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