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95-866: Walmart Inc. ( / ˈ w ɔː l m ɑːr t / ; formerly Wal-Mart Stores, Inc. ) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores , and grocery stores in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas . The company was founded by brothers Sam and James "Bud" Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of October 31, 2022, Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under

190-677: A U.S. senator . Rogers is home to several public and private school districts and schools including: Postsecondary education within the cities' boundaries include the campuses of the University of Phoenix , Bryan College , Harding University , and John Brown University . Other nearby schools and campuses include the University of Arkansas ( Fayetteville ), Northwest Arkansas Community College ( Bentonville ), and John Brown University (a Christian school in Siloam Springs ). Rogers Municipal Airport (ROG), also known as Carter Field,

285-514: A humid subtropical climate , abbreviated "Cfa" on climate maps. As of the 2020 United States census , there were 69,908 people, 24,297 households, and 16,517 families residing in the city. As of 2010 Rogers had a population of 55,964. The racial and ethnic composition of the population was 62.0% non-Hispanic white, 1.3% non-Hispanic black, 1.0% Native American, 2.5% Asian, 0.3% Pacific Islander, 0.1% non-Hispanics of some other race, 3.0% from two or more races and 31.5% Hispanic or Latino. As of

380-506: A "medical mall" where customers can purchase primary care services. Prices without insurance were listed, for instance, at $ 30 for an annual physical and $ 45 for a counseling session. Continuing with its health care initiative, they opened a 2,600 square feet (240 m) health and wellness clinic prototype in Springdale, Arkansas just to expand services. By October 2019, Walmart stopped selling all live fish and aquatic plants. In early 2020,

475-457: A $ 7 monthly subscription for five to eight delivered food samples each month. The service shut down in late 2013. In August 2013, the firm announced it was in talks to acquire a majority stake in the Kenya -based supermarket chain, Naivas . In June 2014, some Walmart employees went on strike in major U.S. cities demanding higher wages. In July 2014, American actor and comedian Tracy Morgan launched

570-643: A 5,000-seat multi-use stadium in Rogers, just north of the Pinnacle Hills Promenade . The men's team is projected to begin play in the USL Championship before the 2026 FIFA World Cup , while the women's team will begin play in the USL Super League in fall of 2026. The team will be called Ozark United FC . Rogers operates within the mayor-city council form of government. The mayor is elected by

665-698: A 5.5% increase in operating expenses, its net income increased by 3.9%. In the third quarter of 2020, Walmart reported revenue of $ 134.7 billion, representing a year-on-year increase of 5.2 percent. In December 2020, Walmart launched a new service, Carrier Pickup, that allows the customers to schedule returns. In January 2021, Walmart announced that the company is launching a fintech startup, with venture partner Ribbit Capital, to provide financial products for consumers and employees. In February 2021, Walmart acquired technology from Thunder Industries, which uses automation to create digital ads, to expand its online marketing capabilities. In May 2021, Walmart acquired

760-474: A citywide election to serve as the Chief Executive Officer (CEO) of the city by presiding over all city functions, policies, and ordinances. Once elected, the mayor also allocates duties to city employees. The Rogers mayoral election takes place during the United States presidential election . Mayors serve four-year terms and can serve unlimited terms. The city council is the unicameral legislative of

855-467: A common way to run hypermarkets. Japanese hypermarkets may contain restaurants, manga (Japanese comic) stands, Internet cafes , typical department store merchandise, a full range of groceries, beauty salons and other services all in the same store. A recent trend has been to combine the dollar store concept with the hypermarket blueprint, giving rise to the "hyakkin plaza"— hyakkin (百均) or hyaku en (百円) means 100 yen (roughly 1 US dollar ). Until

950-585: A grocery store alongside a drugstore plus off-street parking and an automobile lubrication and oil service. In 1933, men's and women's wear was added, and automotive department, housewares, and other nonfood products followed in succeeding years. In the mid 1930s, Fred Meyer opened a central bakery, a candy kitchen, an ice cream plant, and a photo-finishing plant, which supplied the company's stores in Portland and neighbouring cities with house brands such as Vita Bee bread, Hocus Pocus desserts, and Fifth Avenue candies. By

1045-653: A hardware store and an antiques mall, while the company's "Store #1" has since expanded to a Supercenter several blocks west at 2110 W. Walnut Street. Within its first five years, the company expanded to 18 stores in Arkansas and reached $ 9 million in sales. In 1968, it opened its first stores outside Arkansas in Sikeston, Missouri and Claremore, Oklahoma . The company was incorporated under Delaware General Corporation Law as Wal-Mart, Inc. on October 31, 1969, and changed its name to Wal-Mart Stores, Inc. in 1970. The same year,

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1140-505: A lawsuit against Walmart seeking punitive damages over a multi-car pile-up which the suit alleges was caused by the driver of one of the firm's tractor-trailers who had not slept for 24 hours. Morgan's limousine was apparently hit by the trailer, injuring him and two fellow passengers and killing a fourth, fellow comedian James McNair. Walmart settled with the McNair family for $ 10 million, while admitting no liability. Morgan and Walmart reached

1235-452: A minimum size of 2,500 m (27,000 sq ft). Despite its success, the hypermarket business model may be under threat from online shopping and the shift towards customization according to analysts like Sanjeev Sanyal , Deutsche Bank's Global Strategist, until 2015. Sanyal has argued that some developing countries such as India may omit the hypermarket stage and directly go online. Another category of stores sometimes included in

1330-470: A popular shopping center, the Pinnacle Hills Promenade , and a music venue, the Walmart AMP , that has housed performances by big-name artists and local performers alike. As of the 2020 US Census, the city had a population of 69,908. In 2022, the estimated population was 72,999 making it the sixth-most populous city in the state. Northwest Arkansas is the 98th biggest metropolitan area by population in

1425-470: A professor of economics, found that some small towns can lose almost half of their retail trade within ten years of a Wal-Mart store opening. However, in another study, he compared the changes to what small-town shops had faced in the past—including the development of the railroads, the advent of the Sears Roebuck catalog, and the arrival of shopping malls—and concluded that shop owners who adapt to changes in

1520-482: A same-day and last-mile delivery company in Brooklyn . In 2018, Walmart started crowdsourcing delivery services to customers using drivers' private vehicles, under the brand "Spark". On December 6, 2017, Walmart announced that it would change its corporate name to Walmart Inc. from Wal-Mart Stores, Inc. effective February 1, 2018. On January 11, 2018, Walmart announced that 63 Sam's Club locations would be closing. Some of

1615-506: A settlement in 2015 for an undisclosed amount, though Walmart later accused its insurers of "bad faith" in refusing to pay the settlement. In 2015, Walmart was the biggest U.S. commercial producer of solar power with 142 MW capacity , and had 17 energy storage projects. This solar was primarily on rooftops, whereas there is an additional 20,000 m for solar canopies over parking lots. On January 15, 2016, Walmart announced it would close 269 stores in 2016, affecting 16,000 workers. Of

1710-686: A significant degree of growth. The first branch was opened in Tehran under the name of Iran Hyperstar through a collaboration between Carrefour and Majid Al Futtaim Group based in The United Arab Emirates. The Emirati holding is the main shareholder with about 75% of the company's shares. New branches were established after Iran Hyperstar’s first store found relative success. Now, other branches have been established in Tehran, Isfahan, Shiraz, Mashhad, Ahvaz, etc. The average Walmart Supercenter covers around 16,500 m (178,000 sq ft), with

1805-829: A single Sam's Club in New Jersey which opened in November 1989), but in July and October that year, it opened its first stores in California and Pennsylvania , respectively. By the mid-1990s, it was the most powerful retailer in the U.S. and expanded into Mexico in 1991 and Canada in 1994. Wal-Mart stores opened throughout the rest of the U.S., with Vermont being the last state to get a store in 1995. The company also opened stores outside North America, entering South America in 1995 with stores in Argentina and Brazil; and Europe in July 1999, buying Asda in

1900-406: A storefront on the north side of the 100 block of Walnut Street. Stroud's continued to prosper, and in 1899 H.L. built the brick building at 114–116 West Walnut Street. Stroud's continued to be the leading retail business in Rogers up into the 1960s, when in 1962 Sam Walton opened the first location of what would become the retail giant Walmart just seven blocks away. Walton's new store combined with

1995-472: A surface area of 3,300 square metres (36,000 sq ft), and was later converted into a regular supermarket. The substantially larger store that opened a week later in Auderghem , Brussels, covering 9,100 m (98,000 sq ft), is regarded as a more proper hypermarket that brought the concept to fruition. It was Belgian market development engineer Maurice Cauwe  [ fr ] , who adopted

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2090-472: A sushi bar. On September 12, 2007, Wal-Mart introduced new advertising with the slogan , " Save money. Live better. ", replacing the previous slogan " Always Low Prices, Always ", which it had used since 1988. Global Insight , which conducted the research that supported the ads, found that Wal-Mart's price level reduction resulted in savings for consumers of $ 287 billion in 2006, which equated to $ 957 per person or $ 2,500 per household (up 7.3 percent from

2185-454: A total of 59 Supercenters, and opened 69 Neighborhood Markets, 8 Sam's Clubs, and 173 international locations, and relocated, expanded or converted 4 locations for a total of 177 international locations. On August 8, 2016, Walmart announced a deal to acquire e-commerce website Jet.com for US$ 3.3 billion. Jet.com co-founder and CEO Marc Lore stayed on to run Jet.com in addition to Walmart's existing U.S. e-commerce operation. The acquisition

2280-743: A year to increase fuel efficiency in Wal-Mart's truck fleet by 25 percent over three years and double it within ten; reduce greenhouse gas emissions by 20 percent in seven years; reduce energy use at stores by 30 percent; and cut solid waste from U.S. stores and Sam's Clubs by 25 percent in three years. CEO Lee Scott said that Wal-Mart's goal was to be a "good steward of the environment" and ultimately use only renewable energy sources and produce zero waste . The company also designed three new experimental stores with wind turbines , photovoltaic solar panels, biofuel -capable boilers, water-cooled refrigerators, and xeriscape gardens. In this time, Wal-Mart also became

2375-507: Is Walmart . These are the two major Canadian hypermarkets. The Belgian retailer Grand Bazar opened three hypermarkets in a short span in 1961 under the name SuperBazar after Belgian law restricting the size of department stores was abolished in January 1961. The first SuperBazar , opened in Bruges on 9 September 1961, initially designed to become a non-food department store, however only covered

2470-598: Is a city in Benton County, Arkansas , United States. Located in the Ozarks , it is part of the Northwest Arkansas region, one of the fastest growing metro areas in the country. Rogers was the location of the first Walmart store, whose corporate headquarters is located in neighboring Bentonville . Daisy Outdoor Products , known for its air rifles, has both its headquarters and its Airgun Museum in Rogers. The city houses

2565-503: Is a 36-mile (58 km) primarily off-road shared-use trail that connects the region's trail systems to various community attractions. Foerster Park is home to the largest soccer program in the state. Other recreational attractions in the surrounding area include Beaver Lake , Hobbs State Park – Conservation Area and War Eagle Mill & Cavern to the east of Rogers, as well as historical Civil War battlefield, Pea Ridge National Military Park , about 10 miles outside of Rogers. Rogers

2660-567: Is also host to a Susan G. Komen Race for the Cure , the most widely known, largest and best-funded breast cancer organization in the United States. Rogers has five large sports parks, 14 neighborhood parks, an aquatic center known as Rogers Aquatic Center, a skateboard and splash park, 26 athletic fields, an activity center, a YMCA, two lakes, five golf courses, and a trail system totaling over 23 miles (37 km). The NWA Razorback Regional Greenway

2755-459: Is believed to be its contiguous pattern of expansion over time, building new distribution centers in a hub and spoke framework within driving distance of existing Supercenters. The company's satellite network was also completed in 1987, a $ 24 million investment linking all stores with two-way voice and data transmissions and one-way video communications with the Bentonville office. At the time,

2850-650: Is home to Walmart 's air fleet. All commercial aviation, however, goes through the Northwest Arkansas National Airport (XNA), located about 15 miles west of Rogers in Highfill . Ozark Regional Transit provides fixed-route and dial-a-ride transit services in Rogers. The nearest intercity bus service is provided by Jefferson Lines in nearby Fayetteville . The City of Rogers' public water distribution and sanitary sewer collection systems are owned and operated by Rogers Water Utilities (RWU), which

2945-575: Is served by the television market of Fort Smith and Fayetteville, Arkansas . The four major television stations are KFSM (CBS), KFTA (Fox), KHOG (ABC), and KNWA (NBC). Radio stations in the city include: The daily newspaper in Rogers is the Rogers Morning News , with a special "A section" dedicated to news just for Rogers and surrounding cities. The rest of the newspaper is the Northwest Arkansas Democrat-Gazette ,

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3040-600: Is the primary law enforcement agency in the city. The Rogers Fire Department is a career fire service ; the Community Risk Reduction Division within RFD reviews development plans, conducts investigations, and provides fire safety education. The previous mayor, Republican Steve Womack , won election to the United States House of Representatives in 2010 for the seat vacated by Republican John Boozman , now

3135-661: The Ben Franklin stores from the Butler Brothers . His primary focus was selling products at low prices to get higher-volume sales at a lower profit margin, portraying it as a crusade for the consumer. He experienced setbacks because the lease price and branch purchase were unusually high, but he was able to find lower-cost suppliers than those used by other stores and was consequently able to undercut his competitors on pricing. Sales increased 45 percent in his first year of ownership to US$ 105,000 in revenue, which increased to $ 140,000

3230-657: The NCR Corporation 's marketing campaign. In France, hypermarkets are generally situated in shopping centers ( French : centre commercial or centre d'achats ) outside cities, though some are present in the city center. They are surrounded by extensive car parking facilities, and generally by other specialized superstores that sell clothing, sports gear, automotive items, etc. After the successes of super- and hyper-markets and amid fears that smaller stores would be forced out of business, France enacted laws that made it more difficult to build hypermarkets and also restricted

3325-805: The National Register of Historic Places , with the oldest being the Pea Ridge National Military Park . Rogers has two shopping malls : the Frisco Station Mall and the Pinnacle Hills Promenade . Since 2007 , Rogers has hosted the Walmart NW Arkansas Championship , a women's professional golf tournament on the LPGA Tour . The 54-hole event is held annually at the Pinnacle Country Club in late June. Rogers

3420-503: The census of 2000, there were 38,829 people, 14,005 households, and 10,209 families residing in the city. The population density was 1,158.0 inhabitants per square mile (447.1/km ). There were 14,836 housing units at an average density of 442.4 per square mile (170.8/km ). The racial makeup of the city was 90.75% White , 0.47% Black or African American , 1.05% Native American , 1.43% Asian , 0.07% Pacific Islander , 9.43% from other races , and 1.80% from two or more races. 19.29% of

3515-598: The coronavirus (COVID-19) pandemic forced temporary measures such as store closures, limited store occupancy, large-scale employee dismissal, and the enforcement of social distancing protocols for Walmart and many other companies. Store hours were adjusted to allow cleaning and stocking. Limits on items were placed due to the rise of panic buying . During the pandemic, Walmart changed some of its employee benefits. Employees were able to decide to stay home and take unpaid leave if they feel unable to work or uncomfortable coming to work. Additionally, Walmart employees who contract

3610-565: The 1950s, Fred Meyer began opening stores that were 4,200 to 6,500 m (45,000 to 70,000 sq ft), and the 1960s saw the first modern-sized Fred Meyer hypermarkets. The Midwest (then grocery) chain Meijer , which today operates about 235 stores in six US states, coined the term "super center", and opened the first of its hypermarket format store in Grand Rapids, Michigan , in June 1961, under

3705-448: The 1960s, when a number of supermarket chains and retailers like Sears tried to sell fuel, but it didn't generate sufficient consumer interest at the time. Today there are approximately 4,500 hypermarket stores in the US selling fuel, representing an estimated 14 billion US gallons (53 billion litres) sold each year. In Australia, hypermarkets were at their peak during the 1980s. This

3800-634: The 1980s, large stores combining food and non-food items were unusual in the United States, although early predecessors existed since the first half of the 20th century. The term "hypermarket" itself is still rarely used in the US. The Pacific Northwest chain Fred Meyer , now a division of the Kroger supermarket company, opened the first suburban one-stop shopping center in 1931 in the Hollywood District of Portland, Oregon . The store's innovations included

3895-486: The 2004 savings estimate of $ 2,329). On June 30, 2008, Wal-Mart removed the hyphen from its logo and replaced the star with a Spark symbol. The store branding became "Walmart", with the corporate name remaining with the hyphen as "Wal-Mart". The new logo received mixed reviews from design critics who questioned whether the new logo was as bold as those of competitors, such as the Target bullseye, or as instantly recognizable as

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3990-456: The COVID-19 restrictions such as the mask requirements and employee benefits were lifted. In the first quarter of 2020, consumers responded to COVID by shopping less frequently (5.6% fewer transactions), and buying more when they did shop (16.5%). As people shifted from eating out to eating at home, net sales at Walmart increased by 10.5%, while online sales rose by 74%. Although Walmart experienced

4085-493: The City, consisting of eight city council members. Also included in the council's duties is balancing the city's budget and passing ordinances. Two city council members are elected from each of the city's four wards. Since 2011, the mayor of Rogers has been Republican Greg Hines. The Rogers Police Department was established in 1881. As of 2022 , it employs 120 sworn officers and 41 civilian employees. The Rogers Police Department

4180-1124: The Israeli startup Zeekit for $ 200 million. Zeekit uses artificial intelligence to allow customers to try on clothing via a dynamic virtual platform. In August 2021, Walmart announced it would open its Spark crowdsource delivery to other businesses as a white-label service, competing with Postmates and online food ordering delivery companies. Hypermarket Hypermarkets, like other big-box stores , typically have business models focusing on high-volume, low- margin sales . Typically covering an area of 5,000 to 15,000 square metres (54,000 to 161,000 sq ft), they generally have more than 200,000 different brands of merchandise available at any one time. Because of their large footprints , many hypermarkets choose suburban or out-of-town locations that are easily accessible by automobile. Loblaws established its Real Canadian Superstore chain in 1979. It sells mainly groceries, while also retailing clothing, electronics and housewares. Its largest competitor in Canada

4275-620: The Northwest Arkansas edition of the Arkansas Democrat-Gazette (the "B section" is the regular Democrat-Gazette "A section," complete with front page and masthead). On July 12, 2023, the United Soccer League announced it had entered into a partnership with USL Arkansas to bring pro men's and women's soccer teams to Northwest Arkansas. Led by co-founders Chris Martinovic and Warren Smith, USL Arkansas plans to build

4370-699: The United Kingdom for US$ 10 billion . In 1997, Wal-Mart was added to the Dow Jones Industrial Average . In 1998, Wal-Mart introduced the Neighborhood Market concept with three stores in Arkansas. By 2005, estimates indicate that the company controlled about 20 percent of the retail grocery and consumables business. In 2000, H. Lee Scott became Wal-Mart's president and CEO as the company's sales increased to $ 165 billion. In 2002, it

4465-558: The United States, with 576,403 inhabitants as of the 2022 U.S. Census Estimate. Rogers was named after Captain Charles W. Rogers, who was vice-president and general manager of the St. Louis and San Francisco Railway , also known as the Frisco. The town was established in 1881, the year the Frisco line arrived; it was at this time the area residents honored Captain Rogers by naming it for him. The community

4560-636: The amount of economic leverage that hypermarket chains can impose upon their suppliers (the Loi Galland ). The predecessor to Ito Yokado was founded in 1920 selling western goods, went public in 1957, and switched to that name in 1965. Seibu Department Stores was founded in 1956, and opened up its grocery chain Seiyu Group in 1963. Isao Nakauchi founded the first Daiei in Kobe in 1957, selling clothing, electronics, furniture and groceries all in one store. Jusco

4655-497: The biggest seller of organic milk and the biggest buyer of organic cotton in the world, while reducing packaging and energy costs. In 2007, the company worked with outside consultants to discover its total environmental impact and find areas for improvement. Wal-Mart created its own electric company in Texas, named Texas Retail Energy, which planned to supply its stores with cheap power purchased at wholesale prices. Through this new venture,

4750-600: The brand name "Thrifty Acres". In the late 1980s and early 1990s, the three major US discount store chains – Walmart , Kmart and Target – started developing similar format chains. Wal-Mart (as it was known before its late-2000s rebranding as Walmart) introduced Hypermart USA in 1987, followed by Wal-Mart Supercenter in 1988; The same year, French chains Carrefour and Auchan opened hypermarkets in Philadelphia and Greater Houston , respectively. Kmart opened its first Super Kmart Center in 1991; and Target came with

4845-518: The city was $ 40,474, and the median income for a family was $ 45,876. Males had a median income of $ 30,911 versus $ 22,020 for females. The per capita income for the city was $ 19,761. About 9.4% of families and 12.8% of the population were below the poverty line , including 17.6% of those under age 18 and 10.1% of those age 65 or over. In addition to the Rogers Commercial Historic District , Rogers has numerous properties listed on

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4940-484: The closures. Walmart planned to focus on "strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding pickup services for customers". In fiscal 2017, the company plans to open between 50 and 60 Supercenters, 85 to 95 Neighborhood Markets, 7 to 10 Sam's Clubs, and 200 to 240 international locations. At the end of fiscal 2017, Walmart opened 38 Supercenters and relocated, expanded or converted 21 discount stores into Supercenters, for

5035-504: The company expected to save $ 15 million annually and also to lay the groundwork and infrastructure to sell electricity to Texas consumers in the future. In 2006, Wal-Mart announced that it would remodel its U.S. stores to help it appeal to a wider variety of demographics, including more affluent shoppers. As part of the initiative, the company launched a new store in Plano, Texas, that included high-end electronics, jewelry, expensive wines and

5130-672: The company moved into Texas in 1975, there were 125 stores with 7,500 employees and total sales of $ 340.3 million. In the 1980s, Wal-Mart briefly experimented with a precursor to the Supercenter, the Hyper-Mart. Four stores combined features of discount stores, supermarkets, pharmacies, video arcades, and other amenities. Wal-Mart continued to grow rapidly, and by the company's 25th anniversary in 1987, there were 1,198 Wal-Mart stores with sales of $ 15.9 billion and 200,000 associates. One reason for Wal-Mart's success between 1980 and 2000

5225-653: The company opened a home office and first distribution center in Bentonville, Arkansas . It had 38 stores operating with 1,500 employees and sales of $ 44.2 million. It began trading stock as a publicly held company on October 1, 1970, and was soon listed on the New York Stock Exchange . The first stock split occurred in May 1971 for $ 47 per share. By this time, Wal-Mart was operating in five states: Arkansas, Kansas, Louisiana, Missouri, and Oklahoma; it entered Tennessee in 1973 and Kentucky and Mississippi in 1974. As

5320-542: The company was overall lauded for its quick response amidst criticism of FEMA, several critics were quick to point out that there still remained issues with the company's labor relations. In 2006, Charles Fishman published The Wal-Mart Effect , examining the operation of Wal-Mart's supply chain . His book caught the attention of the press and the public. Fishman's case studies illustrate Wal-Mart's drive to lower costs and achieve greater efficiency and suggest that it may have significant upstream effects. Since Fishman's book

5415-507: The company was the largest private satellite network, allowing the corporate office to track inventory and sales and to instantly communicate with stores. By 1984, Sam Walton had begun to source between 6% and 40% of his company's products from China. In 1988, Walton stepped down as CEO and was replaced by David Glass . Walton remained as chairman of the board. During this year, the first Wal-Mart Supercenter opened in Washington, Missouri . With

5510-578: The company. They eventually divested their shareholdings in Grupo Big to French retailer Carrefour , in transaction worth R$ 7 billion and completed on June 7, 2022. Walmart is the world's largest company by revenue , according to the Fortune Global 500 list in October 2022. In February 2023, Walmart announced that its FY2023 total revenue was $ 611.3 billion. Walmart is also the largest private employer in

5605-508: The concept from his frequent trips to the United States, particularly inspired from the Grand Union 's "Grand Way" center in Paramus, New Jersey . Carrefour opened its first hypermarket in 1963, at Sainte-Geneviève-des-Bois , France , The co-founders were influenced by the teachings of Colombian-born American marketing executive Bernardo Trujillo , who taught executive education as part of

5700-506: The contribution of its superstores, the company surpassed Toys "R" Us in toy sales in 1998. While it was the third-largest retailer in the United States, Wal-Mart was more profitable than rivals Kmart and Sears by the late 1980s. By 1990, it became the largest U.S. retailer by revenue. Prior to the summer of 1990, Wal-Mart had no presence on the West Coast or in the Northeast (except for

5795-407: The country remained more than 60 miles (97 kilometers) from the nearest store. As Wal-Mart expanded rapidly into the world's largest corporation, many critics worried about its effect on local communities, particularly small towns with many " mom and pop " stores. There have been several studies on the economic impact of Wal-Mart on small towns and local businesses, jobs, and taxpayers. Kenneth Stone,

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5890-516: The enthusiastic support of prominent citizens such as Coin Harvey , bickering over the cost and method of paving delayed the start of the project until July 1924. The downtown area was paved with concrete and overlaid with bricks in rows, changing to a basket weave pattern at the intersections of streets. The work was completed in December 1924, and the brick pavement remains today, with renovations done to

5985-463: The first Target Greatland stores in 1990, followed by the larger SuperTarget stores in 1995. Most Greatland stores have since been converted to SuperTarget stores, while some have been converted into regular Target stores with the exception of 2 entrances (one example of this is the Antioch, California location). In the early 1990s, US hypermarkets also began selling fuel. The idea was first introduced in

6080-507: The first main store in the Northeast . Walmart's investments outside the U.S. have seen mixed results. Its operations and subsidiaries in Canada, the United Kingdom ( ASDA ), Central America, Chile ( Líder ), and China are successful, but its ventures failed in Germany, Japan, South Korea, Brazil and Argentina. In 1945, businessman and former J. C. Penney employee Sam Walton bought a branch of

6175-822: The hypermarket category are the membership-based wholesale warehouse clubs that are popular in North America , pioneered by Fedco and today including Sam's Club , a division of Walmart; Costco , in which Carrefour owned some shares from 1985 to 1996; BJ's Wholesale Club on the East Coast; and Clubes City Club in Mexico. In Europe, Makro (owned by METRO AG ) leads the market. However, warehouse clubs differ from hypermarkets in that they have sparse interior decor and require paid membership. In addition, warehouse clubs usually sell bigger packages and have fewer choices in each category of items. Rogers, Arkansas Rogers

6270-407: The largest ones covering 24,000 m (260,000 sq ft). A typical Carrefour hypermarket still covers 10,000 m (110,000 sq ft), while the European trend in the 2000s has rather turned towards smaller hypermarkets of 3,000 to 5,000 m (32,000 to 54,000 sq ft). In France, INSEE defines hypermarkets ( French : hypermarché/s ) as non-specialized markets with

6365-476: The launch of free one-day shipping on more than 220,000 items with minimum purchase amount of $ 35. In September 2019, Walmart made the announcement that it would cease the sale of all e-cigarettes due to "regulatory complexity and uncertainty" over the products. Earlier in 2019, Walmart stopped selling fruit-flavored e-cigarette and had raised the minimum age to 21 for the purchase of products containing tobacco. That same month, Walmart opened its first Health Center,

6460-491: The name Walmart in the United States and Canada , as Walmart de México y Centroamérica in Mexico and Central America , and as Flipkart Wholesale in India . It has wholly owned operations in Chile and a majority stake in Massmart in South Africa . Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and private equity firm Advent International holding 80% ownership of

6555-401: The nationwide movement of retail centers from aged downtowns to malls and shopping centers slowly eroded Stroud's customer base, leading the locally beloved retailer to permanently close in 1993 after 109 years in business. In 1912 the city council formed a commission of local businessmen to facilitate the paving of downtown Rogers. Despite the constant complaints of dusty and muddy streets, and

6650-427: The new tax law , it would be raising Walmart starting wages, distributing bonuses, expanding its leave policies and contributing toward the cost of employees' adoptions. Doug McMillon , Walmart's CEO, said, "We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders." It

6745-483: The next year and $ 175,000 the year after that. Within the fifth year, the store was generating $ 250,000 in revenue. The lease then expired for the location and Walton was unable to reach an agreement for renewal, so he opened up a new store at 105 N. Main Street in Bentonville, naming it "Walton's Five and Dime". That store is now the Walmart Museum. On July 2, 1962, Walton opened the first Wal-Mart Discount City store at 719 W. Walnut Street in Rogers, Arkansas . Its design

6840-1032: The only hypermarket or Big-Box Store operational in Australia are Costco Wholesale Warehouses with currently thirteen stores in Australia - four stores in Melbourne , three stores in Sydney , two stores in Brisbane and one store each in Newcastle , Canberra , Adelaide and Perth , with construction underway on the fourteenth store on Queensland's Gold Coast. There were plans for German hypermarket company Kaufland to open stores in Australia announced in 2019; these plans were cancelled in 2020. Hypermarkets did not exist in Iran until 2009 (1388 ه.ش.). Before that, there were some local hypermarkets, but international branches were nonexistent. Despite their late arrival, hypermarkets in Iran have achieved

6935-436: The population are Hispanic or Latino of any race. There were 14,005 households, out of which 39.4% had children under the age of 18 living with them, 58.4% were married couples living together, 10.1% had a female householder with no husband present, and 27.1% were non-families. 22.2% of all households were made up of individuals, and 8.9% had someone living alone who was 65 years of age or older. The average household size

7030-455: The potential for Walmart to save money and thus increase profits. On February 15, 2017, Walmart announced the acquisition of Moosejaw, a leading online active outdoor retailer, for approximately $ 51 million. The acquisition closed on February 13, 2017. On June 16, 2017, Walmart agreed to acquire the men's apparel company Bonobos for $ 310 million in an effort to expand its fashion holdings. On September 29, 2017, Walmart acquired Parcel,

7125-414: The previous company's logo, which was used for 18 years. The new logo made its debut on the company's website on July 1, 2008, and its U.S. locations updated store logos in the fall of 2008. Walmart Canada started to adopt the logo for its stores in early 2009. On March 20, 2009, Walmart announced that it was paying a combined US$ 933.6 million in bonuses to every full and part-time hourly worker. This

7220-713: The prior year. Income from continuing operations increased 3 percent to $ 13.3 billion, and earnings per share rose 6 percent to $ 3.35. On February 22, 2010, the company confirmed it was acquiring video streaming company Vudu, Inc. for an estimated $ 100 million. Walmart's truck fleet logs millions of miles each year, and the company planned to double the fleet's efficiency between 2005 and 2015. Fifteen based at Walmart's Buckeye, Arizona , distribution center were converted to run on biofuel from reclaimed cooking grease made during food preparation at Walmart stores. On November 14, 2012, Walmart launched its first mail subscription service called Goodies. Customers pay

7315-499: The promise of a job for every one of its displaced workers. An independent study by Steven Horwitz of St. Lawrence University found that Wal-Mart, The Home Depot , and Lowe's made use of their local knowledge about supply chains, infrastructure, decision makers and other resources to provide emergency supplies and reopen stores well before the Federal Emergency Management Agency (FEMA) began its response. While

7410-527: The retail market can thrive after Wal-Mart arrives. A later study in collaboration with Mississippi State University showed that there are "both positive and negative impacts on existing stores in the area where the new supercenter locates". In the aftermath of Hurricane Katrina in September 2005, Wal-Mart used its logistics network to organize a rapid response to the disaster, donating $ 20 million, 1,500 truckloads of merchandise, food for 100,000 meals, and

7505-455: The stores earmarked for closure, 154 were in the U.S., 95% of which were located, on average, 10 miles from another Walmart store. The 269 stores represented less than 1 percent of global square footage and revenue for the company. The 102 locations of Neighborhood Markets that were formerly or originally planned to be Walmart Express, which had been in a pilot program since 2011 and converted in to Neighborhood Markets in 2014, were included in

7600-406: The stores had already liquidated, without notifying employees; some employees learned by a company-wide email delivered January 11. Walmart said that ten of the stores will become e-commerce distribution centers and employees can reapply to work at those locations. Business Insider magazine calculated that over 11,000 workers would be affected. On the same day, Walmart announced that as a result of

7695-549: The streets in 2010. According to the United States Census Bureau , the city has a total area of 33.6 square miles (87 km ), of which 33.5 square miles (87 km ) is land and 0.1 square miles (0.26 km ) (0.15%) is water. The climate in this area is characterized by warm, humid summers and generally mild to cool winters. According to the Köppen Climate Classification system, Rogers has

7790-484: The virus would receive "up to two weeks of pay". After two weeks, hourly associates who are unable to return to work are eligible for up to 26 weeks in pay. Walmart paid pandemic bonuses of $ 428 million to its staff. People who did part-time or temporary work received a bonus of $ 150 while those who worked full-time received a bonus of $ 300. Starting in July 2020, Walmart customers were required to wear masks in all stores nationwide, including Sam's Club. By February 2022,

7885-483: The world with 2.1 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family . Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings. Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart's US$ 510.329 billion sales came from U.S. operations. Walmart

7980-408: Was 2.74 and the average family size was 3.21. In the city, the population was spread out, with 29.4% under the age of 18, 9.0% from 18 to 24, 31.5% from 25 to 44, 18.3% from 45 to 64, and 11.8% who were 65 years of age or older. The median age was 32 years. For every 100 females, there were 95.3 males. For every 100 females age 18 and over, there were 91.5 males. The median income for a household in

8075-755: Was a store in Pea Ridge, Arkansas , which was co-owned by Allen Bryant Stroud (1831–1914) and his son Harlan Lafayette (H.L.) Stroud (1858–1950). That business was established prior to 1879 and Allen Stroud also served as postmaster at Pea Ridge for a time. In 1884, H.L. Stroud sold his interest in the Stroud store in Pea Ridge and purchased a dry goods store at the corner of First and Walnut Streets in Rogers which he named Stroud's Mercantile . In 1887 he brought in his brother Evan Giesen (1868–1952) to serve as manager of his new business. In 1891 H.L. Stroud moved his business into

8170-585: Was created in 1970, and eventually became known as ÆON . In Japanese, hypermarkets are known as 総合スーパー (Sougou Suupaa, General Merchandise Stores). There is a distinction in Japanese between スーパー (Supers) and デパート (Departs) with the former being discounters, but the latter selling luxury brand clothing and quite often high-end groceries as well. Hypermarkets may be found in urban areas as well as less populated areas. The Japanese government encourages hypermarket installations, as mutual investment by financial stocks are

8265-597: Was especially prevalent during the era of South African owned Pick n Pay Stores and a now discontinued format of Kmart Australia Stores known as Super Kmart. This trend in the Australian market soon lost its appeal into the 1990s. Super Kmart stores were discontinued and Coles Supermarkets and Kmart Stores opened in the former location. Pick n Pay continued to operate in Australia until the 2000s when their locations at Aspley and Sunnybank Hills were converted into Coles Supermarkets and Kmart Department Stores. As of 2022,

8360-421: Was in addition to $ 788.8 million in profit sharing , 401(k) pension contributions, hundreds of millions of dollars in merchandise discounts, and contributions to the employees' stock purchase plan. While the economy at large was in an ongoing recession , Walmart reported solid financial figures for the fiscal year ending January 31, 2009, with $ 401.2 billion in net sales, a gain of 7.2 percent from

8455-534: Was incorporated on June 6, 1881. In 1883, Rogers became the starting point of the Bentonville Railroad, which linked the town with Bentonville, about six miles. That line, under its subsequent owner the Arkansas and Oklahoma Railroad , later extended as far as Grove, Oklahoma . Today, only the Rogers-to-Bentonville segment remains in use. The first retail business owned by the Stroud family

8550-406: Was inspired by Ann & Hope , which Walton visited in 1961, as did Kmart founder Harry B. Cunningham . The name was derived from FedMart , a chain of discount department stores founded by Sol Price in 1954, whom Walton was also inspired by. Walton stated that he liked the idea of calling his discount chain "Wal-Mart" because he "really liked Sol's FedMart name". The building is now occupied by

8645-553: Was listed for the first time as America's largest corporation on the Fortune 500 list, with revenues of $ 219.8 billion and profits of $ 6.7 billion. It has remained there every year except 2006, 2009, and 2012. In 2005, Wal-Mart reported US$ 312.4 billion in sales, more than 6,200 facilities around the world—including 3,800 stores in the United States and 2,800 elsewhere, employing more than 1.6 million associates. Its U.S. presence grew so rapidly that only small pockets of

8740-696: Was listed on the New York Stock Exchange in 1972. By 1988, it was the most profitable retailer in the U.S., and it had become the largest in terms of revenue by October 1989. The company was originally geographically limited to the South and lower Midwest, but it had stores from coast to coast by the early 1990s. Sam's Club opened in New Jersey in November 1989, and the first California outlet opened in Lancaster , in July 1990. A Walmart in York, Pennsylvania , opened in October 1990,

8835-402: Was published, Wal-Mart has more than doubled in size. Further research on Wal-Mart's role in the food supply chain has tended to be limited and anecdotal. In November 2005, Wal-Mart announced several environmental measures to increase energy efficiency and improve its overall environmental record, which had previously been lacking. The company's primary goals included spending $ 500 million

8930-425: Was reported that Walmart is now looking at entering the subscription-video space, hoping to compete with Netflix and Amazon. They have enlisted the help of former Epix CEO, Mark Greenberg, to help develop a low-cost subscription video-streaming service. On February 26, 2019, Walmart announced that it had acquired Tel Aviv-based product review start-up Aspectiva for an undisclosed sum. In May 2019, Walmart announced

9025-504: Was structured as a payout of $ 3 billion in cash, and an additional $ 300 million in Walmart stock vested over time as part of an incentive bonus plan for Jet.com executives. On October 19, 2016, Walmart announced it would partner with IBM and Tsinghua University to track the pork supply chain in China using blockchain. The use of blockchain to automate the tracking of the supply chain promises

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