Wal Mart : The Biggest Retailer Of The World

955 Words4 Pages
With the help of P.T. Barnum, and Billy Graham, Sam Walton accomplished to get Wal-Mart to be the biggest retailer in the world, transforming the way America shopped and making himself one of the world 's richest men in the process.
Walton started his lifelong career in the retail business in the year of 1940, when he took a job as a sales trainee at a J.C. Penney store in Des Moines, Iowa. He was never one of Penney 's most thorough employees, however, Walton never failed to be enthusiastic about his job. His books were a mess and He hated to make customers wait while he fussed with paperwork. His boss at the time even said he was not cut out for retail work,but walton’s ability as a salesman brought him about $25 per month in commissions to his beginner 's salary.

After World War II when he was released from the military in 1945, Walton had a wife and child to support, so he decided to strike out on his own and pursue the American dream. He put up $5,000 of his own money and borrowed $20,000 from his father-in-law. At the age of 27, Walton purchased a Ben Franklin nickel and dime variety store in Newport, Arkansas.

Walton soon will triple his business by pricing his products way below his competition, and by 1950, he owned the leading Ben Franklin store in a six-state region. The store 's landlord, decided he wanted to acquire the business for his son. Sam had no intention of selling, so the landlord simply refused to renew his lease causing Walton to lose the store.
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