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Topic: Business
Number of pages / Number of words: 2 / 367
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History

The birth of discount retailing

Most people think discount retailing began in 1962 – the year that Kmart, Target, and Wal-Mart first opened. But actually, the chain of variety stores Sam Walton owned during the 1950s faced stiff competition from many regional discount stores.

1962 – Wal-Mart begins

Before opening Wal-Mart, Sam traveled the country studying everything he could about discount retailing...


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History

The birth of discount retailing

Most people think discount retailing began in 1962 – the year that Kmart, Target, and Wal-Mart first opened. But actually, the chain of variety stores Sam Walton owned during the 1950s faced stiff competition from many regional discount stores.

1962 – Wal-Mart begins

Before opening Wal-Mart, Sam traveled the country studying everything he could about discount retailing...


Essay fragment

General points of the essay

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