Preview

Sam Walton: Walmart Stores Inc.

Satisfactory Essays
Open Document
Open Document
333 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sam Walton: Walmart Stores Inc.
Sam Walton was founder and chairman of Walmart Stores Inc,. Sam Walton was born on March 29, 1918 in Kingfisher, Oklahoma. He was the first son of Thomas Gibson Walton and Nancy Lee. Walton's father was a farmer. In 1923, his father determined farming did not provide enough money to raise a family and later decided entered farm mortgaging. The family moved frequently during Sam’s early childhood.

Sam Walton was a good student and a good athlete. While studying in the eighth grade, he became the youngest Eagle Scout in Missouri history. He also excelled at football during his high school years. In 1936, he graduating from David H. Hickman High School in Columbia.

After elevated school, he attends a higher education at the University of Missouri

You May Also Find These Documents Helpful

  • Powerful Essays

    Sam Walton was known to be industrious, always trying to get the most out of money, and had a burning ambition to succeed. This was evident in his book Sam Walton, Made in America, My Story. He was a hard working individual who helped his family through the depression, started his own business from almost nothing and changed the field of management for ever.…

    • 1342 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Hr599 Benefits Project

    • 2527 Words
    • 11 Pages

    Wal-Mart was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Wal-Mart…

    • 2527 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Wal-Mart was established in 1962 by Sam Walton, a 1940 University of Missouri economics major. The first store was opened in Rogers, Arkansas offering a variety of merchandise for consumers. Mr. Walton’s strategy of opening locations in small towns and offering consumers a wide variety of products at low costs was compelling and successful. The company became incorporated on October 31, 1969 and went public in 1970. By 1991, the company had become international and a multibillion dollar business. (Walmart Corporate, 2010).…

    • 1737 Words
    • 7 Pages
    Better Essays
  • Better Essays

    The first Walmart store was established in Rogers, Arkansas, in 1962 by founder Sam Walton (Walmart Corporation, 2014). Walton moved his family to the area of Bentonville, Arkansas to take advantage of small town living and opened his Five and Dime store in the town square. With the success of that store he decided to open the first Walmart to offer lower prices and greater services to his valued customers (Walmart Corporation, 2014). By 1970, the company had gone public where Walton used the proceeds to expand the business.…

    • 1193 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Walmart vs Target

    • 1078 Words
    • 5 Pages

    The founder of Wal-Mart Sam Walton major competition during the time was K-Mart and Target. Before opening Wal-Mart, Sam traveled the country studying everything he could about discount retailing. He became convinced American consumers wanted a new type of store. With his vision in mind Sam and his wife front loaded 95% of the initial cost to start the chain while many of the chains were expanded nationally. They opened their first store in Rogers, Arkansas. The chain was able to expand by 15 stores in the 1960’s. The company hit the stock market in 1972 and went viral with a current inventory of 1,402 stores and 123 Sam’s Club locations. Wal-Mart stores provide a wide variety of discount merchandise, groceries and prescription medication. Sam stated in his autobiography which attributed to his success “if you think about it from the point of view of the customer, you want everything: a wide assortment of quality merchandise; the lowest possible prices; guaranteed satisfaction; friendly, knowledgeable service; convenient hours; and a pleasant shopping experience. You love it when a store exceeds your expectations, and you hate it when a store inconveniences you, gives you a hard time, or pretends you 're invisible."…

    • 1078 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The Fortune 500 was established in 1955. Fortune 500 is a list of the 500 largest companies in the United States as compiled by FORTUNE Magazine. This list is compiled by using recent figures for revenue and includes both public and private companies with publicly available revenue data. (investopia.com) The Fortune 500 companies are ranked by the amount of revenue that they are bringing in on a yearly basis. While many feel that many of those businesses are operated by men, the Fortune 500 currently released and let it be known that there are 21 women CEO’s in the Fortune 500 category. (Management.Fortune)…

    • 1814 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Walmart History

    • 951 Words
    • 4 Pages

    Sam Walton 's retailing career began when he accepted a job offer at a JCPenney store in Des Moines, Iowa on June 3, 1940 where he remained for 18 months. In 1945, he met with Butler Brothers, a regional retailer that owned a chain of variety stores called Ben Franklin. Butler Brothers offered him a Ben Franklin store in Newport, Arkansas.…

    • 951 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Walmart Unethical Behavior

    • 2348 Words
    • 10 Pages

    Walton was an entrepreneur with a vision that started his own company and made into the leader of discount retailing like it is today. Walton borrowed some money from his father-in-law and opened a variety store after serving as an Army captain in World War II. A chain of drugstores followed, Walton went into business with his brother and by 1960 the Walton’s' had 15 stores that were taking in $1.4 million a year. However, Walton soon saw a new competitor arise, which was the discount store. The Walton brothers opened their first Wal-Mart in 1962 in Rogers, Arkansas. Specializing in name brands at low prices, the chain of Wal-Mart stores sprang across rural America. Walton's management style was popular with employees and helped to spur growth. As the years past, the chain of stores grew sporadically. The sales grew to $26 billion by 1989. (Store Wars, www.pbs.org) However, as sales grew ethical standards lowered throughout the company.…

    • 2348 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Sam Walton: a Biography

    • 3032 Words
    • 13 Pages

    America 's richest man, Sam Walton, was not always rich. Growing up during the depression, he struggled to help his family then, not knowing he would one day own a multi-billion dollar business, and then struggle to help the poorest of America becoming one of the top philanthropists in the United States. Also seen as a great leader, not everyone agrees on the "greatness" of the man who laid the foundation of some of the most significant management concepts used today in the business world.…

    • 3032 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Wal-Mart was founded by Sam Walton, the first Wal-Mart store opened in Rogers, Arkansas, in 1962. Seventeen years later, annual sales toped $1 billion. By the end of January 2002, Wal-Mart Stores, Inc. was the world's largest retailer with $218 billion in sales. Wal-Mart's winning strategy in the U.S. was based on selling branded products at low cost, which enables the lower class and middle class consumers to shop for products and save. Due to the advances in technology over the years Wal-Mart has been able to achieve tremendous success. Wal-Mart's success has allowed the company to expand out of the United States.…

    • 805 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Wal-Mart Controversy

    • 755 Words
    • 4 Pages

    Sam Walton was the founder of what is now known as Wal-Mart. The small beginnings were in the mid 40’s when he purchased a local store in Newport, Arkansas; and later another with his brother in Missouri (Ferrell,…

    • 755 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Sam Walton

    • 1769 Words
    • 8 Pages

    After college Sam went on to “do a management position at J.C. Penny’s and remained there until 1962. Late in 1962 Sam Walton changed this world, and he opened the first Wal-Mart”( “Sam Walton“ InvestingValue)(see “First Wal-Mart Store“). “We opened our first Wal-Mart here in Northwest Arkansas” (Walton and Huey XI). With his first Wal-Mart open he didn’t see the outstanding success that he had planed for when he went into this investment. “[...] first starting out he only had $5,000 of his own money, and he had to borrow $20,000 from his girlfriends father-in-law” (Walton and Huey…

    • 1769 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Sam Walton

    • 791 Words
    • 4 Pages

    There were several characteristics of Sam Walton that enabled him to be successful in his life and business dealings. Sam Walton could do anything he put his mind to. This can be witnessed in his ability to transform a small town store into a 25 billion-dollar industry at the time of his death. Walton did not want to be poor, and this helped to push him when the going got tough because he knew what the possible outcome would be. For example, when Walton first started producing more Wal-marts, he was in great debt. In fact the only way he could get out was to make more stores and continue to set lower prices than the competition. Walton grew up into a poor environment as a child, so he knew what it was like to be at the short end of the stick. Perhaps his difficult childhood gave him something to strive towards later on in his life. Walton learned several things from others as well. For instance, he learned to economize from his job at J.C. Penney. And while he was developing his first general store, Walton saw what the competition was doing wrong, and did the complete opposite, such as selling more quantity in order to make a bigger profit in the long run. It can probably be stated that Sam Walton would not have been as successful if his devoted wife had not been there along his side. Always there for him, Mrs. Walton was able to keep the entire family together during the hard and difficult times. While Sam was out doing the dirty work trying to make something of his business, Mrs. Walton was playing the role of mother and father back at home. Sam Walton had to create and develop his business in a very difficult environment. Competition was all around, and most people saw Walton's store as a dead-end flop when it first began. Before the founding of Wal-mart, all of the businesses were the same, trying to set prices in hopes of large gains from not so large quantities. Walton saw what was going on and took advantage of what he saw. Thinking in terms of volume,…

    • 791 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Wal-Mart has been a leading retailer since Sam Walton first started the company in 1962. Sam Walton’s ability to use strategic thinking for Wal-Mart’s concept, “Every Day Low Prices”, launched the company to immeasurable heights. Although Wal-Mart is one of the world’s largest retailers, the company found it difficult and a long process to enter markets outside of the United States.…

    • 1788 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Introduction to Walmart

    • 275 Words
    • 2 Pages

    Sam Walton was the founder of the company in 1962. The company publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Now Walmart is the largest grocery retailer in the United States. It also owns and operates the Sam's Club retail warehouses in North America.…

    • 275 Words
    • 2 Pages
    Satisfactory Essays