![]() ![]() Logo used 1992–2008, still used in some locations and on many semi-truck trailers. 1990–2005: Retail rise to multinational status With the contribution of its superstores, the company surpassed Toys "R" Us in toy sales in 1998. During this year, the first Walmart Supercenter opened in Washington, MO. Walton remained as chairman of the board. In 1988, Walton stepped down as CEO and was replaced by David Glass. ![]() By 1984, Sam Walton had begun to source between 6% and 40% of his company's products from China. At the time, the company was the largest private satellite network, allowing the corporate office to track inventory and sales and to instantly communicate to stores. This year also marked the completion of the company's satellite network, a $24 million investment linking all stores with two-way voice and data transmissions and one-way video communications with the Bentonville office. In the 1980s, Walmart continued to grow rapidly, and by the company's 25th anniversary in 1987, there were 1,198 stores with sales of $15.9 billion and 200,000 associates. Main Street in Bentonville, naming it "Walton's Five and Dime". The lease then expired for the location and Walton was unable to reach an agreement for renewal, so he opened up a new store at 105 N. Within the fifth year, the store was generating $250,000 in revenue. Sales increased 45 percent in his first year of ownership to US$105,000 in revenue, which increased to $140,000 the next year and $175,000 the year after that. He experienced setbacks because the lease price and branch purchase were unusually high, but he was able to find lower-cost suppliers than those used by other stores and was consequently able to undercut his competitors on pricing. His primary focus was selling products at low prices to get higher-volume sales at a lower profit margin, portraying it as a crusade for the consumer. ![]() Penney employee Sam Walton bought a branch of the Ben Franklin stores from the Butler Brothers. Sam Walton's original Walton's Five and Dime Store in Bentonville, Arkansas, now serving as The Walmart Museum
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