DISCLAIMER: At the end of the following article is an official response from Walmart. In order to get the whole story, make sure to read through all the pages for the entirety of the facts.
Founded by Sam Walton in 1962, the store’s aim was selling products at prices that were as affordable as possible. Naturally, as the idea itself is appealing enough, it became a huge success. The store, which was named Walton’s until 1969, was making about $250,000 a year by its 5th year. Walmart has gone through many changes over the years, until it became an empire – with chains operating in 28 countries, and over 11,000 stores worldwide. The company hires over 2.3 million employees today, which makes it the largest employer in the world.
Walmart grew into a mega-chain, which leaves competitors – like Sears, K-Mart and Target – in the dust, struggling to keep up with its success. The chain holds a net worth of over a whopping $200 billion, thanks to families in America who spend about $4000 a year in average at the stores.
The store’s profits come mainly from the groceries section, but it’s far from the only thing it has to offer its costumers. In addition to grocery items and toiletries, families can also purchase things like electronics, clothing, jewelry, and kitchen appliances. With as many departments as it has, it’s no wonder that Walmart needs a lot of storage space. In fact, they own commercial real estate mileage that basically covers the city of Manhattan (with some extra room to spare).
The very first Walmart store opened in Arkansas, where the headquarters to the company is still operating from. But Sam Walton probably never imagined that the state in which everything began, might also be the state where everything would be put in potential risk. It all started with a strange receipt, and spread into a controversy that threatened to put the good name of Walmart on the line, despite it being one of the most successful businesses in the world.
One woman who found an error in her receipt discovered something that was happening behind closed doors in Walmart, and was bent on going public and exposing everything to eye of the shoppers on social media. The press, and even the police eventually got involved in this public controversy, which had Walmart combatting for its reputation.