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He then worked for a retail store named Ben Franklin. Within a few years, Walton opened a Ben Franklin franchise called Walton’s Five and Dimes which was a discount retail store that achieved higher sales volume by marking up slightly less than the competitors. By 1962, Walton had opened his first Wal-Mart store in Arkansas, and within 5 years he has opened 24 stores reaching $12.6 million in sales. In 1968, the first Wal-Mart out of Arkansas was opened in Missouri.
Wal-Mart Stores Division US is Wal-Mart’s largest business subsidiary that accounts for 67.2% of net sales for 2006. It consists of Wal-Mart Discount Stores, Wal-Mart Supercenter, and Wal-Mart neighborhood market...
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