How Did Walmart Become The World's Largest Retailer?

Last updated on 13th Nov, 2024, by Chassidy L. Whitaker for LegalLocator

From Small Town to Global Giant: Walmart's Rise to Retail King

Walmart, the world's biggest retailer, wasn't always a giant. It began in 1962 as a single discount store in Rogers, Arkansas. Founder Sam Walton's secret weapon? Everyday Low Prices (EDLP). This meant lower prices than competitors, every single day. Shoppers loved it. They could find almost anything at Walmart, for less.

But Walton didn't stop there. He focused on efficiency. Huge stores meant bigger discounts with bulk buying. Walmart built its own distribution centers, saving on shipping costs. Technology was embraced early on. Scanners tracked inventory, ensuring shelves were always stocked. Walmart even created its own satellite network to communicate with stores faster.

By the 1990s, Walmart was unstoppable. Supercenters combined groceries with general merchandise. Convenience was key. One-stop shopping saved time and money. Walmart went global, opening stores in Mexico and Canada. Its size gave it power. Suppliers offered lower prices just to be on Walmart's shelves. This price advantage only made Walmart stronger. Today, Walmart reigns supreme, a retail giant built on low prices, smart choices, and global reach.

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