Sam Walton and Walmart

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Sam Walton and Walmart
- May 25, 2011 -

Sam Walton
Wal-Mart Founder and Billionaire
"There is only one boss: the customer, and he (or she) can fire everyone in the company from the chairman and down, simply by spending their money somewhere else” Samuel Moore Walton ( 1918 – 1992 )





Born in Kingfisher, Oklahoma, Sam Walton was raised in Missouri where he had his first retailing experience in his father's store while attending school. Growing up during the Great Depression, Sam Walton knew that hard work and thrift were a way of life. He milked the family cow, bottled surplus and drove it customers. Afterwards, he would deliver newspapers on a paper route. He enjoyed working in his father's store so much, after graduating from the University of Missouri in 1940 where he majored in Economics, he began his own career as a retail merchant when he opened the first of several franchises of the Ben Franklin five-and-dime franchises in Arkansas.

Famous for:
Founding of the two American retailers-: Wal-Mart and Sam's Club & Business management

Books:
Sam Walton: Made in America

Sam Walton
Wal-Mart Founder and Billionaire
"There is only one boss: the customer, and he (or she) can fire everyone in the company from the chairman and down, simply by spending their money somewhere else” Samuel Moore Walton ( 1918 – 1992 )







In 1945 he started a chain of variety stores in Arkansas, and after 17 years of operating franchise retail stores, he opened his first Wal-Mart store in Rogers, Arkansas, in 1962, offering a wide selection of discount merchandise. Whereas other discount-store chains were usually situated in or near large cities, Walton based his stores in small towns where there was little competition from established chains. Using this strategy his company expanded to 800 stores by 1985. And by the end of the 20th century it had become the world's largest retailer.

Famous for:
Founding of the two...
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