That’s how the story of Wal-Mart began… and below, you can see where it went!
Wal-Mart Store 1: Rogers, Arkansas
Vintage Wal-Mart history: The variety store’s beginning, as told in 1975
Not unlike other retail discount chains, Wal-Mart Stores, Inc. had its beginning in the small-town variety store business.
The Company’s founder and present Chairman of the Executive Committee of the Board of Directors, Sam M. Walton, wrote the first chapter in Wal-Mart’s success story when he opened his first Ben Franklin variety store in Newport, Arkansas in 1945.
One year later, joined by his brother, J. L. “Bud” Walton, now Senior Vice President, the two brothers began to expand their variety store operations.
Between 1945 and 1962, they assembled a group of fifteen successful Ben Franklin stores, which served as the base for what was to become Wal-Mart Stores, Inc,
Wal-Mart’s first Discount City store opened in Rogers, Arkansas (then a town of approximately 4700), in November 1962. Now. just thirteen years later, the Company is recognized as a leader in the regional retail discount industry.
Wal-Mart in 1975
Wal-Mart Stores, Inc. currently operates a regional chain of 100 Wal-Mart Discount City stores, two Family-Center stores and two Sav-Co Home Improvement Centers. Thirty-seven stores are located in Arkansas; thirty-six in Missouri; fifteen in Oklahoma; six each in Kansas and Tennessee; two in Louisiana: and one each in Mississippi and Kentucky.
During the fiscal year ended January 31, 1975, the Company had a record-breaking twenty-six new stores to celebrate Grand Openings — twenty-four Wal-Mart Discount City stores and two Sav-Co Home Improvement Centers.
Arkansas led the number of new stores with seven Wal-Mart Discount Cities and two Sav-Co Home Improvement Centers. Of the remaining stores opened during the year, seven are located in Missouri; five in Tennessee: two in Oklahoma; and one each in Louisiana. Mississippi and Kentucky.
All of the new stores are located in smaller communities with two of the stores marking the entry of Wal-Mart Discount Cities into the States of Mississippi and Kentucky.
Wal-Mart’s marketing philosophy
Wal-Mart, unlike many other discount chains, has devoted itself almost exclusively to serving small business communities and rural areas.
The Company has generally avoided major metropolitan areas and concentrated on the smaller community, preferably county seat towns located within a 350-mile radius of the General Office and Distribution Centers in Bentonville, Arkansas. The average population of the communities served by Wal-Mart is between 10,000 and 15,000.
Generally, Wal-Mart’s discount department stores range in size from 30,000 to 60,000 square feet of building area, with the average store size being approximately 42,000 square feet.
With few exceptions, Wal-Mart Discount Cities are the largest non-food retailers in their respective communities. The Company’s concept is to be the dominant one-stop department store providing a vast assortment of quality goods.
Each specific store size has a merchandise mix based on space available. Although several stores maintain merchandise lines to meet local preference, the Company generally maintains a standard and broad line merchandise mix.