Walmart was founded by the Waltons. Co-founder Sam M. Walton opened a franchise Ben Franklin variety store in Newport, Arkansas in 1945. His brother, James L. Walton, opened another store in Versailles, Missouri the following year. Walmart was incorporated in 1969 in Delaware. In 1962, Walmart’s first discount store, Discount City, started operations in Rogers, Arkansas. The first Sam’s Clubs were established in 1984. Walmart’s first supercenter format started operations in 1988.
Walmart’s first overseas venture began in the early 1990s in Mexico. Since then, the company expanded its operations to 25 other countries including the United Kingdom, Japan, Brazil, China, Canada, Argentina, Chile, India, and parts of Africa and Central America.
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