On October 31, 1969, after further expansion across the state, the chain was incorporated as Wal-Mart Stores, Inc. Three years later, Wal-Mart was approved and listed on the New York Stock Exchange (NYSE). In April 1983, the Wal-Mart Stores, Inc. opened its first Sam's Club store, a membership-based discount warehouse club, in Midwest City, Oklahoma. In 1985, their stock was being traded on the Pacific Stock Exchange (PSE). By the company's 25th anniversary, in 1987, there were 1,198 stores nationwide, employing 200,000 associates, with sales of $15.9 billion. In February 1988, Sam Walton stepped down as the CEO of Wal-Mart, and was succeeded by David Glass.
9). The president and chief executive officer at the time, William Kellogg, “and two other executives, with the backing of mall developers Herbert and Melvin Simon, led an LBO (leveraged buy-out) to acquire the chain’s 40 stores and a distribution center” (pg. 9). By the time Kohl’s managed to go public in the year 1992, they “had 81 stores in six states, and sales topped $1 billion” (pg. 9).
On the first day of the company, more than 80,000 people shopped at the store. In the year 2000, 20 year old Lee H. Scott was named to succeed Mr. David Glass. Lee H. Scott was a low profile Walmart veteran and logistics expert. He continued to build Walmart stores both domestically and internationally. A year after Lee H. Scott taking over, Walmart was named as the largest food retailer in the United States with a grocery sales of $56 billion.
(“Phar-Mor History”) This deep discount drugstore chain started with one store in 1982, but because of its major success, within seven months, the second store was opened. Within a year there were eight Phar-Mor stores. In 1988, the chain featured 100 stores. Monus was named one of the nation’s leading entrepreneurs in News Weekly. In 1990 Phar-Mor surpassed the 200-store mark.
Today, Kroger has grown to 2500 stores with $70 billion revenues, 40 food processing plants ranging from bread, milk, soda pop, ice cream and peanut butter. Kroger operates under two dozen banners, has acquired warehouses, trucking companies, and has over 14,400 private-label items (The Kroger Co., 2012). Barney was always on the cutting edge of retail. Kroger quickly grew to 40 stores by 1902 with about 1.72 million in annual sales, and in 1904 Kroger bought 14-meat markets and for the first time ever a consumer could buy meat and groceries under one roof. On its 25th anniversary, Kroger ventured into streamlining shipping and bought 200 horses and wagons to deliver to its locations.
Within a few years the company was earning over a millions dollars and was on its way to making history. Pepsi generates over $98 billion in retail sales, and holds 36% of the total snack food market in the United States. Pepsi-Cola’s headquarters are located in New York with nearly 300,000 employees
Citigroup Inc. was the largest company in the world in December, 2007. It had total assets of $2.2 trillion. Citigroup Inc. was formed on October 8, 1998 when Citicorp and the Traveler’s Group merged. By 2008, it was the world’s largest bank by revenues with over 358,000 staff and 200 million customer accounts in 100 countries. The Citicorp piece is a multinational banking corporation which operates in more than 100 countries.
By the September 2008, the company has around 135,000 employees and operates 3,076 stores globally, of which 2,551 are based in the U.S. Facts about Gap Donald and Doris Fisher introduced the first Gap store on Ocean Avenue in San Francisco on August 21, 1969; its merchandise was involved of Levi's and LP records. They had hoisted US$63,000 to begin the store, and they attained US$2 million in sales in the first year of operation. In the year 1970, Gap started its second store in San Jose, California and recognized its corporate headquarters in Burlingame, California with four employees. By the year 1973, the company had more than 25 locations and had extended into the East Coast
Wal-Mart is an American national wholesale business that runs chains of huge discount branch stores and warehouses. The business is the world's second largest company, according to the Fortune Global 500 list in 2013, the biggest private employer in the world with over two million employees, and is the largest retailer in the world. Wal-Mart is a family-owned company, and is controlled by the Walton family, who possess 50 percent of Wal-Mart. It’s also the largest grocery seller in the United States. In 2009, it generated 51 percent of its US$258 billion sales in the U.S. from grocery business.
In the 1970s, Kmart continued to expand opening 270 stores in 1976 alone. In 1977, S.S. Kresge changed its name to Kmart because 95% of its sales were coming from that branch. In the 1980s and early 90s, Kmart diversified by adding other retailers such as Walden Book Company which was the number one bookstore chain in the US. The Sports Authority in 1990, 90% stake in OfficeMax and the Borders bookstore in 1992. Also in 1990 Kmart opened its first Kmart Super Center in Medina, Ohio.