Wal-Mart dropped 2.9 percent to $53.75. The world’s biggest retailer posted a seventh straight quarterly sales decline at its U.S. stores, falling short of its own projections for the holiday period.
In 1962, Walton in Rogers City, founded the first Wal-Mart (WalMart) discount department stores, sales area of 1,500 square meters, the first year turnover of 70 million U. s. dollars.