Word: wal
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...first Deer Hunter, which was commissioned by Wal-Mart, sold over a million copies, prompting GT Interactive to publish seven related $20 titles, including Bird Hunter, Sporting Clays and the upcoming African Safari. GT's success has even spawned a herd of imitators, from Cabela's Big Game Hunter II (HeadGames; $19) to the seriously stupid Redneck Deer Huntin' (Interplay...
...Henry Ford introduced the assembly line and mass production, making ours a consumer as well as an industrial society. As the century progressed, the service economy began to compete with industry as fortunes were made in soft drinks (Coca-Cola), processed foods (Heinz), insurance (Travelers, AIG) and retail (Sears, Wal-Mart). The information age began in the 1920s, when Walt Disney, Louis B. Mayer and the rest of Hollywood began to build businesses of scale. But it wasn't until the 1950s, with the emergence of television as a mass medium, and the two most recent decades, with the computer...
When Walton died in 1992, with a family net worth approaching $25 billion, he left behind a broad and important legacy in American business as well as a corporate monument. Wal-Mart stores is the No. 4 company in the FORTUNE 500, with annual sales of close to $120 billion, ranking behind only General Motors, Ford and Exxon...
...risk of oversimplifying a rather complex business phenomenon, it can be said that the easiest way to grasp the essence of what Sam Walton meant to America is to read his ad slogan emblazoned on all those Wal-Mart trucks you see barreling down highways around the country: WE SELL FOR LESS, ALWAYS. Walton did not invent discount retailing, just as Henry Ford didn't invent the automobile. But just as Ford and his cars revolutionized America and its industrial model, Walton's extraordinary pursuit of discounting revolutionized the country and its service economy. Walton didn't merely alter...
...retailing--all family vacations included store visits--so by the time a barber named Herb Gibson from Berryville, Ark., began opening discount stores outside towns where Sam ran variety stores, Walton saw what was coming. On July 2, 1962, at the age of 44, he opened his first Wal-Mart store, in Rogers, Ark. That same year, S.S. Kresge launched K Mart, F.W. Woolworth started Woolco and Dayton Hudson began its Target chain. Discounting had hit America in a big way. At that time, Walton was too far off the beaten path to attract the attention of competitors or suppliers...