Walmart Knowledge 2 — Questions and Answers
Question 1: What year was the first Walmart store opened?
- 1960
- 1962 (Correct answer)
- 1965
- 1970
Correct answer: 1962
Sam Walton opened the first Walmart Discount City store in Rogers, Arkansas in 1962.
Sam Walton opened the first Walmart store on July 2, 1962, in Rogers, Arkansas. The store was called 'Wal-Mart Discount City.' This single store grew into the world's largest retailer, a journey that began with Walton's vision of high volume and low margins.
Question 2: What is the name of Walmart's private-label grocery brand launched to offer quality products at lower prices?
- Kirkland Signature
- Great Value (Correct answer)
- Market Pantry
- Essential Everyday
Correct answer: Great Value
Great Value is Walmart's flagship private-label brand offering affordable grocery and household products.
Great Value was launched in 1993 as Walmart's primary store brand. It spans hundreds of grocery and household products, offering quality comparable to national brands at significantly lower prices. It is one of the largest food brands in the United States by sales volume.
Question 3: What is the approximate number of Walmart stores worldwide?
- About 5,000
- About 8,000
- About 10,500 (Correct answer)
- About 15,000
Correct answer: About 10,500
Walmart operates approximately 10,500 stores and clubs across 19 countries under various banners.
Walmart operates roughly 10,500 stores and Sam's Club locations across 19 countries. In the US alone, there are about 4,700 Walmart stores and nearly 600 Sam's Club locations. International operations include brands like Flipkart in India and Walmex in Mexico.
Question 4: What technology system does Walmart use to track inventory in real time across its supply chain?
- Manual counting systems
- RFID technology (Correct answer)
- Paper-based tracking
- Customer self-reporting
Correct answer: RFID technology
Walmart has been a pioneer in using RFID (Radio Frequency Identification) technology for supply chain and inventory management.
Walmart was one of the first major retailers to mandate RFID tagging from suppliers, starting in 2003. RFID allows real-time tracking of inventory from warehouse to shelf, reducing out-of-stocks, improving accuracy, and streamlining the supply chain. The technology has saved billions in inventory management costs.
Question 5: What is Sam's Club named after?
- A fictional character
- Sam Walton, Walmart's founder (Correct answer)
- Sam Houston, the Texas politician
- The first store manager
Correct answer: Sam Walton, Walmart's founder
Sam's Club is named after Walmart founder Sam Walton, launched in 1983 as a membership warehouse club.
Sam's Club was established in 1983 in Midwest City, Oklahoma, and named after company founder Sam Walton. It operates as a membership-only warehouse club competing with Costco and BJ's Wholesale Club. The concept focused on bulk purchasing at discounted prices for both businesses and consumers.
Question 6: What is Walmart's position on the Fortune 500 list in recent years?
- Top 10
- Number 1 (Correct answer)
- Top 50
- Top 100
Correct answer: Number 1
Walmart has consistently ranked as the number 1 company on the Fortune 500 list by revenue for most years since 2000.
Walmart has held the number 1 spot on the Fortune 500 list for the majority of years since first claiming it in 2002. With annual revenues exceeding $600 billion, Walmart is the world's largest company by revenue, the largest private employer globally, and the largest grocery retailer in the United States.
Walmart Knowledge 2
What year was the first Walmart store opened?