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Sam traveled all over the United States studying discount retailing. He soon came to the conclusion that consumers wanted something new, therefore Sam and his wife Helen put up 95 percent of the money for the first Wal-Mart store which opened in 1962 in Rogers, Ark and employed only 25 associates. (Wal-Mart History, 2008) Looking back today, many individuals probably would not have believed that Wal-Mart would become one of the world’s biggest retailers in comparison to the then discount giants Woolworth and Sears Roebuck.
Retail discount giants expanded in the 1960’s tremendously, and even though Sam Walton wanted to be competitive in the retail discount industry, he only had enough money to build 15 stores...
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