Walmart was founded in 1962 in Rogers, Arkansas by Sam Walton. It is now the second largest company in the world, with over $400 billion in revenue and 2.1 million employees. Walton established an "Everyday Low Prices" strategy that has been key to Walmart's success. In 2007, Walmart launched a new tagline, "Save Money. Live Better," to emphasize how shopping at Walmart can help customers save money and improve their lives. The document discusses Walmart's history, business strategies, and initiatives to adapt to economic changes while maintaining low prices.