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walmart vs target

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Issue:

Miscellaneous

 

Written by:

Jenna T

 

Date added:

July 16, 2014

 

Level:

University

 

Grade:

A

 

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6 / 1587

 

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Holmes, declined to renew the lease on favorable terms and Walton was forced to relocate before the end of 1950. On May 9, 1950, Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton's 5 & 10. As a typical businessman, Walton was always looking for better deals from his suppliers, and he realized that he could obtain higher sales volume by passing on the savings to his customers, instead of pocketing them...
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By 1962, he had eleven Walton's stores inspired by the successes of other discount department store chains. Walton opened the first store in his own discount chain in Rogers, Arkansas that year. Responsible for the purchase and maintenance of signage, Walton's assistant, Bob Bogle, came up with the name "Wal-Mart" for the new chain...
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