The first Wal-Mart variety, opened in 1962, by Sam Walton in Rogers, Arkansas .The Superstore Giant now sells almost everything!. Although Wal-Mart began as a small variety store; within five years, Wal-Mart had opened an additional 23 stores with a total of 12.6 MM in sales. In May 1971, Wal-Mart acquired their first 100 percent stock split and listed on the NYSE one year later, within months, again Wal-Mart had yet another 100 percent stock split. By 1975, 125 stores were operating with 7,500 …
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showed last 75 words of 637 total
…company of systematically forcing them to work long hours off the clock. In 2000, Wal-Mart settled suit in Colorado for $50 million for something similar. Wal-Mart employees stated to the New York Times that they must work off the clock after punching out for fear of being fired. when their stores closed. Managers locked the front door and prevented workers from leaving, until everyone finished straightening the store. (BusinessWeek and New York Times) Written By: Rachel Jones