What happened to Walmart in 1990?

In 1990, Walmart becomes the top retailer in the U.S., and earns over $26 billion in product sales. Walmart goes global, opening a new store in Mexico City. Founder Sam Walton dies, triggering a new path for Walmart as it expands globally at an increased pace, taking on more financing debt in the process.

How many stores did Walmart have in 1995?

By 1995, Walmart had 1,995 discount stores, 239 Supercenters, 433 SAM'S CLUBS and 276 international stores with sales at $93.6 billion (~$171 billion in 2023) (including US sales of $78 billion) and 675,000 associates.

Why did Walmart double its sales in 1995?

Walmart doubled its sales in 1995 three years after the death of founder Sam Walton. Company management had taken a risk in doing so, electing to borrow the funds needed to open more and more superstores. Debt piled up, but management's bet had paid off, as Walmart earned the cash it needed to repay its financing loans.