Company Selection Paper

History of Wal-MartOn July 2, 1962, Walton opened the kickoff Wal-Mart store, Wal-Mart Discount City. Within five geezerhood the company expanded to 24 stores across the state of argon and reached $12.6 million in gross revenue. In 1968, the first stores opened foreign Arkansas, in Missouri and Oklahoma. The company was incorporated as Wal-Mart Stores, Inc. on October 31, 1969, and in 1970 opened its home office in Bentonville, Arkansas, and its first distribution center (www.walmart.com, 2007). There were 38 stores operating with 1,500 employees and gross revenue of $44.2 million. The company began trading stock at this time as a publicly held company on October 1, 1972, and was listed on the Ney York carnation Exchange shortly thereafter (www.wikipedia.com, 2007). The first stock disperse occurred in May 1971 at a market determine of $47. By this time, Wal-Mart was operating in five states: Arkansas, Kansas, Louisiana, Missouri and Oklahoma. Wal-Mart entered Tennessee in 1973, and Kentucky and Mississippi in 1974. Wal-Mart continued to grow rapidly during the eighties and by its 25th anniversary in 1987; there were 1,198 stores with sales of $15.9 billion and 200,000 associates (www.walmart.com, 2007). Company founder and CEO Sam Walton stepped drop the following year, replaced by David Glass.

History of TargetIn 1962, the Dayton Company, using a fancy developed by John F.



Geisse, entered discount merchandising by opening its first Target discount store in Roseville, Minnesota. The name Target originated from Daytons publicity director, Stewart K. Widdess, and was intended to prevent consumers from associating the advanced discount store chain with the department store (www.target.com, 2007). The freshly subsidiary, Target Stores, ended its first year with four units, only in the Minneapolis area. Target Stores lost money in the sign years; however, in 1965 Target reported its first cod with sales reaching $39 million, allowing...

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