Walmart (Republic Of Eastfern)

Walmart Eastfern Corporation was the head Walmart company for the Republic of Eastfern from 1973-2006. The brand was started in 1973 by Warren McAllen who was confident, Walmart's low prices, and friendly staff would work well in the Republic. However, his vision was short lived. By 1976, Walmart had only 55 stores when stores like Kmart had over 200 witch was a bad sign. Walmart managed to have 301 stores by 1980, witch started out okay but by time, the fall was coming fast. In 1983, the Walmart corporation was convicted of fraud and embezzlement of 65 million dollars. They were asked to pay back the money, and eventually in 1985, did pay it back. However, in 1986 another incident would occure causing them to lose more money. Mejier, a hypermarket brand, sued Walmart after claims of several Walmart empolyees burning down a Meijer store in Stein and they were all linked to the crime. Mejier belived that Walmart had set out to do this, to get payback, and after trying to deny it, enough evidence was gathered to prove Walmart guilty. Walmart paid 8 million in damages. Walmart was doing alright from 1989-1993, but starting in 1994, things started to change. Walmart was noticing companies starting hypermarket brands of their stores, but Walmart couldn't afford to make their own. After gathering up enough in sales, in 1996, Walmart opened it's first hypermarket to mass sucsess. However, by 1998 due to incidents with both Kmart and Target, Walmart was slowly dying and falling apart. After filling for Chapter 7 protection in 1999, Walmart was at most ready to give up. They had plans to open 50 new Walmart Supercenters by 2002, but that number only got to 10. The Pinesville planned location's property was given to Kmart after the lawsuit, and most properties they wanted to buy, were bought by higher bidders. Eventually, in 2004, Walmart was worth 1.10 in cash. The company was bought by Dollar Tree Inc. and Dollar Tree tried to use Walmart stores to sell merchandies at higher prices similar to Five Below but different. However, this wouldn't last and on May 22, 2006, Walmart would close all 422 stores in the Republic of Eastfern and would leave the Eastfern country. Walmart was remembered as a chain, and a entity of the Eastfern witch couldn't hold on as well as Kmart and Target did.