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Venezuela Map for Looking for the lowest possible prices on his merchandise, Walton also began buying directly from manufacturers and wholesalers instead of distributors, even though the habit drew the ire of Ben Franklin executives. At the heart of Walton’s retail philosophy was the strategy of selling goods at a high volume with a small profit on each sale. In June 1962, Walton opened the first store to bear the Wal-Mart name in Rogers, Arkansas. By 1969 he had 18 Wal-Mart stores in Oklahoma, Missouri, and Arkansas. As he had with most of his Ben Franklin franchises, Walton located the stores in small towns with little retail competition or in still-rural areas outside of major cities. Although his first stores sold mostly offbrand, irregular, and discontinued merchandise, Walton’s growing clout allowed him to sell more brand-name consumer items by the end of the 1960s. The chain’s sales volume and mostly rural- and small-town locations forced Walton to open his own warehouse and distribution system in 1969; although he resisted making the investment, the company’s control of its distribution eventually gave it an edge over its competitors, such as K-Mart, which were slower and had less flexibility in getting goods on the store shelves. Venezuela Map 2016.