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Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business, as well as the largest toy seller in the U.S. It also owns and operates the North American Company, Sam's Club.
History
1962 – Wal-Mart begins
Before opening Wal-Mart, Sam 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.
1972 – Wal-Mart goes public
Discounters such as KMart quickly expanded in the 1960s, while Sam only had enough money to build 15 Wal-Mart stores...
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