<P> The company's first stock split occurred in May 1972 at a market price of $47 . By this time, Walmart was operating in five states: Arkansas, Kansas, Louisiana, Missouri and Oklahoma, and expanded into Tennessee in 1973, and Kentucky and Mississippi in 1974 . As the company expanded into Texas in 1975, there were 125 stores with 7,500 associates, and total sales of $340.3 million . </P> <P> By 1977, Wal - Mart expanded into Illinois and made its first corporate acquisition, assuming ownership and operation of the Mohr - Value stores, which operated in Missouri and Illinois . This was followed by the acquisition of the Hutcheson Shoe Company in 1978 . In the same year Walmart also branched out into several new markets, launching its pharmacy, auto service center, and jewelry divisions . </P> <P> In 1981, Wal - Mart expanded into the southeastern US market, opening stores in Georgia and South Carolina, and acquiring 92 Kuhn's Big K stores . They expanded into Florida and Nebraska in 1982 . </P> <P> In April 1983, the company opened its first Sam's Club store, a membership - based discount warehouse club, in Midwest City, Oklahoma . They also expanded into Indiana, Iowa, New Mexico, and North Carolina and implemented "people greeters" in all of their stores . The first stores opened in Virginia in 1984 . </P>

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