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To: Wayners who wrote (57941)5/22/1999 7:36:00 PM
From: Wayners  Read Replies (1) | Respond to of 164685
 
Some Wal-Mart earnings numbers that I could find. Wal-Mart WAS making money when they were public in 1970. Are accounting standards similar enough to make comparisons with AMZN? Are the start-up costs and early growth similar enough to make comparison's with WMT? Are Information Technology and Distribution Center development costs that significantly similar to WMT's brick and mortar start up costs or is AMZN trying to catch up to WMT where WMT made such investments much later in its corporate life, out of operating earnings in the 1980s and 1990s?

Year, Sales, Profits, Stores

1960, $ 1.4 million, $ 112,000, 9

1970, $32 million ,$1.2 million, 32

1980, $1.2 billion, $41 million, 276

1990, $26 billion, $1 billion, 1,528

1994, $67 billion, $2.3 billion, 2,136



To: Wayners who wrote (57941)5/22/1999 7:52:00 PM
From: Glenn D. Rudolph  Respond to of 164685
 
They never lost money:

After serving in the military, Sam married, and with the help of his wife's father, opened his first store, Walton's Five and Dime. The
store was immediately profitable. He developed a strategy with this store that led to his early success: compete in small towns where
larger



To: Wayners who wrote (57941)5/23/1999 4:13:00 AM
From: H James Morris  Respond to of 164685
 
Wayne, you do good research. I'm impressed.


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