Enthusiastic and Ruthless Sam Walton: Founder of Wal-Mart

Wal-Mart was conceived and founded by Sam Walton in 1962, at Rogers, Arkansas. Sam Walton started with just a few small variety stores, funded with borrowed money. His goal

Wal-Mart evolved from Sam Walton’s purpose for great price and great consumer service. “Mr. Sam,” as he was known, believed in management through service. The principle that true leadership depends on willing service was the standard on which Wal-Mart was built, and drove the choices the business has made for the past 50 years. So much of Wal-Mart’s past is attached to the story of Sam Walton himself, and so much of our future will be deep-rooted in Mr. Sam’s principles. Sam's rivals thought his plan for a thriving business couldn’t be built around low prices and great service. As it happened, the company's achievement went beyond even Sam's hopes. The company went public in 1970, and the profits funded a steady growth of the business. Sam recognized the rapid increase of Wal-Mart not just to the low prices that fascinated consumers, but also to his staff of workers. He depended on them to give customers the great buying experience that would

Sam Walton is an American business leader who is well known for founding Wal-Mart and Sam’s Club, which Wal-Mart has grown to be the world’s largest cooperation. Wal-Mart first opened in 1962 after years of retail management business. The first Wal-Mart was first opened in Rogers, Arkansas. Wal-Mart is the go-to store, a place that basically has everything. Wal-Mart carries all the necessary things people uses during their everyday life for reasonable prices. Sam Walton is a successful business leader because he started a successful business years ago that is still effective today.

Sam Walton, the founder of Wal-Mart was a business man with a vision. Sam was born in 1918 in Oklahoma. He was in the military until 1945 and then moved to Bentonville. Sam Walton was a very cheap man. Mr. Walton opened his own 5&10 store, and it became a success very quickly. Walton realized that passing on savings to his customers while earning profits through volume, would be the best way to have success in life as well as providing a better life for all Americans. Through this philosophy Wal-Mart was launched in 1962, in Rogers, Arkansas. Sam shared this vision with his associates and made them partners in the company; believing that this partnership would make Wal-Mart great. Sam

Wal-Mart was founded by Sam Walton; his belief was to provide “leadership through service.” This is the principle on which Wal-Mart was built on; Sam Walton’s intentions were to sell quality products at low prices with an exceptional customer service. Sam Walton was born in 1918, and at 24 years of age he joined the Military. He was married to Helen Thompson in 1943. After

On March 29, 1918, Sam Walton was born in Kingfisher, Oklahoma to parents Thomas Gibson and Nancy Lee Walton. Sam 's father Tom had decided to name his first born son after his father, Samuel Moore Walton (Trimble, 1990).

In 1950, Sam Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton 's 5 & 10. The town of 2,900 residents would become the headquarters for the world 's largest retailer.

Samuel Moore Walton was born March 29, 1918 in Kingfisher, Oklahoma. His dad, Thomas Gibson Walton, was a banker, farmer, farm loan appraiser, and real estate and insurance agent. Sam Walton had an entrepreneurial spirit from an early age and after graduating from the University of Missouri at Columbia in 1940, he began his lifelong career in retail as a management trainee at J.C. Penney. He joined the military in 1942 where he served until 1945 when he was released. While in the military, Sam Walton’s wife decided that she wanted small town living so they moved to Newport, Arkansas where Sam Walton purchased a Ben Franklin five-and-dime franchise. By the early 1960’s Walton owned 16 Ben Franklin stores in Kansas, Missouri, and Arkansas but he was not seeing the profits that

Mr. Sam Walton was born in Kingfisher, Oklahoma in 1918. Walton went to the military in 1942 at the age of 24 and he ended is service in the military in 1945. At this time Walton moved to Newport, Arkansas. In 1950, the Walton’s moved to Bentonville, Arkansas which is where Walton opened his first retail store “Walton’s 5&10” (Our History, 2015). The dime store made Walton some money and he wanted to bring better opportunity and value to his customers so he opened Walmart in 1962 in Rogers, Arkansas. Walton’s competitors thought he was crazy for trying to build a business that would give customers lower prices and offer great service. They thought his idea would never work (Our History, 2015). In 1969 with 24 stores booming and over $12.7 million in sales, the company incorporated as Walmart Stores, Inc. In 1970, Walmart went public and became publicly traded (listing and selling the company shares on a stock exchange (Moffett, Stonehill, & Eiteman, 2015)), selling its first stock at $16.50 per share. Walton wanted to expand his service to many other towns and states and he used the money the store profited to finance and expand Walmart. In 1971 Walmart opened its first distribution center and home office in Bentonville, AK (Our History, 2015).

A man named Sam Walton opened up the first walmart in 1962. His mission statement for the first Walmart was "The lowest prices anytime, anywhere." which worked because His family owned a total of 24 stores which made about 12.7 million dollars. Only two years later the business made walmart “Wal-mart stores, inc”. His stores went public in 1970 and he had a total of 276 stores by the year of 1983 with 1 billion in annual sales.

Wal-Mart is a general merchandise discount retailer, which was incorporated in 1962. Wal-Mart’s history is based on one man, Sam Walton, who changed the course of retailing forever. Sam Walton first entered retailing when he was a management trainee at J.C. Penny Co. in 1940 in Des Moines, Iowa. After serving in the Army in World War II, Walton acquired a Ben Franklin variety store franchise with his brother James Walton in Newport Arkansas, until they lost the lease to the store in 1950. By 1962, when the first Wal-Mart Discount City was opened in Rogers Arkansas, both Walton’s were operating fifteen stores under the “Walton 5 & 10” name, and were the largest Ben Franklin franchisee in the

In the late 1940s, a man named Sam Walton was franchising Ben Franklin’s store located in Newport, Arkansas. As a retailer, Walton continuously was in search of suppliers with best deals on merchandise. Usually, if a retailer was able to get a deal from a wholesaler they would leave their store prices at the regular price and pocket the excess money. Being the innovator he was, Walton decided to pass the savings on to the consumer and make his money through the increased volume of sales. This understanding would become the foundation of Walton’s business strategy when he developed Walmart in 1962.

When Sam Walton founded the first Wal-Mart in 1962, the idea of bringing in a discount-shopping store into rural America was almost unheard of, except for the local five and dime stores. When Walton noticed that he had a lot of competition from regional discount chains, him and his wife Helen traveled the country to study other new retailing concepts, and were convinced that it was the wave of the future. With Walton's vision, Wal-Mart grew to be a multi-billion dollar, international company, operating about 4,600 stores around the world.

Wal-Mart was started in Rogers, Arkansas during the early 1960’s by Sam Walton. (Ghillyer, 2010). Walton traveled all around the country researching what consumers wanted in a retail store. When Sam Walton fist opened Wal-Mart he

Walmart’s history dates back in 1945 when Sam Walton bought an outlet of the Ben Franklin retail stores with the aim of selling products at a relatively low cost, so as to generate huge sale volumes and make profits at a low margin. Although this portrayed the purchased outlet as a crusade for most consumers,