Walmart
Some of the key events about Walmart
- 1962The first Walmart store opened in Rogers, Arkansas, marking the beginning of the company's retail journey
- 1970Walmart became a publicly traded company, listing on the New York Stock Exchange
- 1970Walmart was sued for discriminating against female employees in hiring and promotions.
- 1983The company introduced its "People Greeter" program, creating a welcoming atmosphere for customers
- 1988The first Walmart Supercenter opened, combining general merchandise and a full-scale supermarket
- 1991Walmart expanded internationally by opening a store in Mexico City
- 1992The company faced criticism for selling foreign-made products while promoting "Buy American" campaigns.
- 2000Walmart paid $50 million to settle a class-action lawsuit over unpaid overtime.
- 2003A federal raid uncovered hundreds of undocumented workers in Walmart's cleaning crews.
- 2005Walmart made a significant commitment to environmental sustainability, setting goals to reduce waste and increase energy efficiency
- 2005Walmart agreed to pay $11 million to settle allegations of using illegal immigrants for cleaning services.
- 2006The company faced criticism for its policy of locking in overnight employees.
- 2008Walmart agreed to pay $54.25 million to settle a lawsuit over unpaid wages in Minnesota.
- 2009The company launched a $2 billion initiative to end hunger in the United States
- 2011The U.S. Supreme Court blocked a class-action gender discrimination lawsuit against Walmart.
- 2012Allegations surfaced of Walmart's involvement in bribery in Mexico to expedite store openings.
- 2014Walmart announced it would raise its minimum wage to $10 per hour, affecting approximately 500,000 employees
- 2015Walmart closed 154 U.S. stores, impacting thousands of workers.
- 2016The company acquired e-commerce retailer Jet.com, significantly boosting its online presence
- 2020Walmart committed $100 million to create a new center on racial equity in response to social justice issues
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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