| 1962
- The first Wal-Mart store opens in Rogers, Ark.
1968 - Wal-Mart
expands outside of Arkansas, opening stores in Sikekton, Mo.,
and Claremore, Okla.
1970 - With
38 stores open, Wal-Mart enjoys $44.2 million in sales. The company
also opened its first distribution center in 1970 in Bentonville,
Ark.
1972 - Wal-Mart
is listed on the New York Stock Exchange. For two years before
it was listed on the NYSE, shares in the company were traded over
the counter, meaning that brokers directly bought and sold the
stock from one another.
1977 - Illinois
becomes the tenth state to have a Wal-Mart store.
1983 - The
first Sam's Club, the company's first members-only warehouse store,
opens in Oklahoma. The new club is setup to compete with Costco,
which first opened for business customers in 1976.
1987 - Wal-Mart
celebrates its 25th anniversary. After 25 years in business, the
company boasts some 1,198 stores with $15.9 billion in sales that
year.
1988
- The first Wal-Mart Supercenter opens in Missouri. Those stores,
which now encompass some 109,000 to 220,000 square feet, contain
a traditional Wal-Mart and a supermarket.
1990 - Wal-Mart
becomes the number one retailer in the United States, with some
$26 billion in sales. Wal-Mart also purchased grocery distributor
McLane Co., which was sold to Warren Buffett's Berkshire Hathaway
in 2003.
1991 - Wal-Mart
opens its first international store in Mexico City. The company
also continued to increase the number of Sam's Club by merging
with The Wholesale Club Inc. of Indianapolis. Those 28 stores
were then integrated into the Sam's Club chain.
1992 - Wal-Mart
co-founder Sam Walton dies at the age of 74. His brother and Wal-Mart
partner James "Bud" Walton dies three years later.
1993 - The
Wal-Mart International Division is created to increase the company's
ability to expand overseas.
1995 - With
the opening of the first store in Vermont, Wal-Mart has stores
in all 50 states.
1995
- The company's 1,995 Wal-Mart stores, 239 Supercenters, 433 Sam's
Clubs and 276 international stores reached $93.6 billion in sales
and employ and 675,000 people.
1996 - Wal-Mart
and several other retailers file suit against Visa and MasterCard.
The suit accused the credit card companies of violating antitrust
laws when they forced merchants that accept Visa and MasterCard
credit cards to also accept their debit cards. The lawsuits were
later settled, with Wal-Mart and the other retailers receiving
several billion dollars from the card companies.
1996 -- Wal-Mart
opens its first stores in China.
1997 - Wal-Mart
sales reach $100 billion for the first time.
1999 - With
some 1.14 million employees, Wal-Mart becomes the largest private
employer in the world. That same year Wal-Mart sues to stop the
United Food and Commercial Workers International Union from organizing
its workers. The retailer claimed the union was trespassing and
harassing employees. The Arkansas Supreme Court in 2002 ruled
against Wal-Mart in the case, reversing a lower court ruling.
2000 - A case
filed in Indiana charges that Wal-Mart did not pay workers for
overtime and off-the-clock wages they had earned. In April 2003,
the case became the first such suit to be designated as class
action. Jay Kennedy, a partner at the law firm handling the case,
says Wal-Mart is challenging that class-action designation which
may delay the scheduled start to the trial in January 2005.
2002 - Wal-Mart
enjoys its biggest sales day in history -- $1.43 billion on the
day after Thanksgiving.
2002 - A federal
jury finds that Wal-Mart forced Oregon employees to work unpaid
overtime between 1994 and 1999. In the first of dozens of such
lawsuits to come to trial in the United States, some 400 employees
claimed managers got them to work off the clock by asking them
to clean up the store after they had clocked out and by deleting
hours from time records.
2004 - On
July 6, Wal-Mart's lawyers appealed a ruling that granted class
action status to a sex-discrimination lawsuit against the retailer
that was filed in 2001. The class could include up to 1.6 million
current and former female employees of the retailer -- making
it the largest private civil rights case in U.S. history.
--
Compiled for the Online NewsHour by Karyn Schwartz
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