Sam Walton was an American Businessman, Who founded the Walmart stores, born on 29 March 1918, In Kingfisher, Oklahoma, U.S.
He was the son of Thomas Gibson Walton and his wife Nancy Lee. He had one younger brother James.
On February 14, 1943, He married Helen Robson. The couple had four children. Samuel Robson, nicknamed Rob, John Thomas, James Carr, and Alice Louise.
In 1936, He attended the David H. Hickman High School in Columbia. After completing his high school, he had decided to attend college. Then he went to the University of Missouri as an ROTC cadet. He had also joined the Zeta Phi chapter of Beta Theta Pi fraternity and served as President of Burrell Bible Class, Which was a large class of students from the University of Missouri and Stephens College.
During his college days, He worked various jobs such as waiting tables in exchange for meals. within his college days, He joined the J. C. Penney as a management trainee in Des Moines, Iowa. In 1942, He resigned from his job to served in World War ||. In 1945, He leaving the Army military and took over a management of his first variety store at the age of 26. The store had been a franchise of the Butler Brothers chain. Walton had planned to open bigger stores in village areas with discounted prices in order to attract more customers and achieve a higher sales volume. But, The Ben Franklin executives were not in favor of this concept and turned down the plan. On July 2, 1962, He opened his first Walmart store in Rogers, Arkansas. He had launched a determined effort to market American-made products. Included in the effort had been a willingness to find American manufacturers who could supply merchandise for the entire Wal-Mart chain at a price low enough to meet the foreign competition. By 1967, Walton’s family owned 24 stores and within a couple of years, Walton officially incorporated his company as Wal – Mart Stores Inc. During the 1980s, The company had reached $1 billion in annual sales. He had resigned as CEO in 1988.
On April 5, 1992, because of Blood Cancer At the age of 74, He died in Little Rock, Arkansas, U.S.
- He had served for three years in the Army Intelligence Corps in the world war ||.
- In the year 2012, he opened four and five stores every week!.
- He had more than 2.3 million employees.
- Along with his wife, He supported many charitable trusts and had been active in the First Presbyterian Church in Bentonville.
- He had also made financial contributions to the church.
Awards and Achievements:
- In 1992, He received the Presidential Medal of Freedom by President George H.W. Bush.
What can we learn from him??
Like Sam Walton, Ignore others opinions and focus on your goal.