Walmart: From Humble Beginnings to Retail Giant Sam Walton's entrepreneurial journey began with a Ben Franklin store in 1945, focusing on high-volume sales at low prices. Early success led to the opening of "Walton's Five and Dime" in Bentonville, Arkansas, which later became the Walmart Museum. The first Wal-Mart Discount City store opened in Rogers, Arkansas in 1962, inspired by Ann & Hope and FedMart. Rapid expansion followed, with 18 stores in Arkansas within five years and a move into Missouri and Oklahoma by 1968. Incorporation as Wal-Mart, Inc. occurred in 1969, followed by an initial public offering in 1970. The company's growth accelerated throughout the 1970s and 80s, expanding across the US and experimenting with the Hyper-Mart concept, a precursor to the Supercenter. A significant investment in a private satellite network in 1987 enhanced inventory management and communication. By the 1990s, Walmart had become the largest US retailer, expanding into Mexico and Canada, and later South America and Europe. The company continuously adapted, introducing the Neighborhood Market concept and investing in e-commerce through acquisitions like Jet.com and Moosejaw. Environmental initiatives, such as increased energy efficiency and renewable energy exploration, were also implemented. Despite facing criticism regarding its impact on local businesses and labor practices, Walmart responded to challenges through strategic acquisitions, technological advancements, and initiatives aimed at improving its environmental and social impact. The company's continued growth and expansion globally solidifies its position as a dominant force in the retail industry.