Uncle Sam's army: Walmart in the American imagination
Walmart began as a small mom and pop store in Arkansas in the 1950s and has evolved into one of the largest retailers in the world today. The chain’s major hallmark: selling goods at prices lower than local mom-and-pop stores. (Sources: WEF Reports, Statista, Business Insider, Bloomberg)
Curated By: Madhu Kapparath
Walton had made a promise to his employees (whom Walmart calls associates) that he would do the hula on Wall Street if the company reached a pre-tax profit of 8% for the fiscal year. Walmart achieved its goal in 1983, and Walton did the dance to celebrate the company’s success on March 15, 1984. He even wore leis and a grass skirt. Then-CFO David Glass hired a ‘truckload of real hula dancers and ukulele players’ and tipped off the media to the stunt
