Sam Walton

Description: (Businessman)

Sam Walton was an American businessman who founded Walmart Stores Inc., which grew to be the world’s largest corporation by revenue as well as the largest private employer in the world. Founded in 1962, Walmart now operates thousands of stores across the globe. Walton spent years in the retail management business before opening the first Walmart store. Born into a humble farming family in 1918, he grew up during the Great Depression when not just his own family, but many others around him, struggled to make ends meet. As a young boy, he took up various jobs to contribute to his family’s income, teaching him the value of hard work and determination early in life. He attended the University of Missouri and graduated with a bachelor’s degree in economics. After working for a time at JCPenney, Walton served in the U.S. Army during World War II before venturing into the retail management business. He first managed a Ben Franklin variety store in Newport, Arkansas, which he purchased. Eventually, Walton opened the first Walmart store in 1962. Today, Walmart has grown to include over 11,000 stores in 28 countries.

Overview

Birthday March 29, 1918 (Aries)
Born In United States
Died on April 5, 1992
Spouse/Ex- Helen Walton (1943 – his death)
Parents Thomas Gibson Walton
Nancy Lee
Children Alice Walton, Jim C. Walton, John T. Walton, S. Robson Walton
Relatives James

Did you know

What was Sam Walton's vision for Walmart? Sam Walton's vision for Walmart was to offer customers high-quality products at low prices and provide exceptional customer service.
How did Sam Walton revolutionize the retail industry? Sam Walton revolutionized the retail industry by introducing the concept of large discount stores, implementing cost-saving measures, and focusing on efficiency in operations.
What were some key strategies Sam Walton used to grow Walmart? Some key strategies Sam Walton used to grow Walmart included expanding aggressively, maintaining a strong focus on customer satisfaction, implementing innovative supply chain practices, and continuously lowering prices.
How did Sam Walton's leadership style contribute to Walmart's success? Sam Walton's leadership style, which emphasized empowering employees, fostering a culture of teamwork, and being hands-on in the business, played a significant role in Walmart's success.
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