Wal-Mart

(redirected from Discount City)

Wal-Mart

A very large discount retail store chain. Wal-Mart is one of the largest corporations in the world. The first Wal-Mart was established in 1962. It was one of the first companies to practice the just-in-time supply chain management system in order to reduce costs to a minimum. Wal-Mart's founder, Sam Walton, was one of the first retailers to always buy from the lowest priced wholesaler; this drove sales higher, which allowed Wal-Mart to negotiate still lower prices from wholesalers. This practice, while controversial, became a staple of Wal-Mart. It is based in Bentonville, Arkansas.
References in periodicals archive ?
One of the largest mom-and-pop successes is Walmart, which founder Sam Walton originated in 1950 with Walton's Five and Dime in Arkansas before opening the first Walmart Discount City store in 1962.
Bayern boss Pep Guardiola refused to discount City and said: "They can win because I know the quality of their players, their history and their level."
London, United Kingdom, August 16, 2012 --(PR.com)-- Apartments-bookings.com is a new endeavor by Discount City hotels Ltd, which provides a complete chain of apartments in London, Paris, U.K, France and across the globe.
In November 1978 the chain had a grand reopening of its first "Super Store"--a Walmart Discount City in Springdale, Ark., where a 60,000-square-foot unit was expanded by 23,000 square feet.
The stores also were a mixed bag of Wal-Mart Discount City, Ben Franklin, Walton's Family Center and Ben Franklin Family Center.
The trade name is 'Discount City' & all items are not necessarily $1 dollar ~!
is closing 48 of its 61 Bud's Discount City stores, citing below-par performance at the deep discounter.
Sam's vision of building a chain of Walmart Discount City stores was becoming a reality.
* Dollar Discount City signed a three year lease with a five year option for 3,800 s/f at Hopewell Plaza in Hopewell Junction, NY.
The issue covers in detail the history of Wal-Mart, beginning with the early days of the Discount City stores, and even projects the possibility that Wal-Mart could do $300 billion in sales by 2003.
So Walton raised the money he needed and on July 2, 1962, he opened his first Walmart Discount City.
The first-ever Wal-Mart Discount City was converted into office space for the company when a new Wal-Mart Supercenter opened last May on Walnut Street.