A Short History of McDonald’s and Wal-Mart

McDonald’s is a famous fast food outlet and one of the pioneers in fast food industry. It is recognized by the clown character called Ronald McDonald. While Wal-Mart is a global discount retailer headquartered in Arkansas, USA. It is also the largest public corporation by revenue and is one of the biggest retailers in the world.

McDonald’s is well-known in over 119 countries of the world for their string branding while Wal-Mart is one of the biggest retailers in the world and its stock is traded in several international stock exchanges.

Wal-Mart was founded by Sam Walton, he initially started a discount store in 1950 called Walton’s Five and Dime. He had earlier operated a Ben Franklin store in Arkansas and he continued renaming the store as Walton’s Five and Dime. Sam Walton had owned 11 stores by 1962 and he along with his wife Helen took a huge gamble and reinvested everything they could spare into a new store at Rogers in Arkansas. This became the very first Wal-Mart branded store. mcdvoice com

Two brothers named Dick and Mac Mcdonald started McDonald’s brand in1940. They reinvented their restaurant in 1948 after they noticed that the hamburgers were their most popular product. They used the concept of Speedee Service System that pioneered the fast food industry by creating a production line of hamburgers that were prepared before they were ordered. This was a completely new technique and earlier food was prepared after being ordered.

Wal-Mart has been conventional in respect of acquisitions with most company expansion coming from new growth. The early 21st century was lucky for Wal-Mart as their sales and profits continued to climb with no sign of any bad affect from the weakening global economy. There were some moves of McDonalds that were perceived as negative by historians and biographers but McDonald’s Corporation denied any nasty behavior on their part. The popularity of McDonald’s was never seriously affected.

The clown called Ronald McDonald was introduced in 1960s as the popularity of McDonald’s brand grew with their release of Big Mac burger which it’s most popular burger. McDonald’s Corporation started giving back to the community with the founding of the Ronald McDonald House charity by the 1970s. Similarly, Wal-Mart owned 6775 stores around the world by the end of 2006 and it had over 2 million employees. It generated nearly $350 billion of annual sales.

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