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From a very young age, he understood the value of contributing to the household rather than simply taking from it. Mr. Walton made it plain from the start of Wal-Mart that this wasn't just Ben Franklin with a few things at low costs. He desired genuine discounting.
Sam Walton was who?
Sam Walton, an American businessman, and entrepreneur who lived from March 29, 1918, to April 5, 1992, is most known for launching Walmart and Sam's Club. Wal-Mart Stores Inc. expanded to become both the largest private employer and the largest firm in the world by revenue. Walton formerly had the title of the richest man in America.
On July 2, 1962, a real Walmart opened its doors in Rogers, Arkansas. It was at 719 West Walnut Street and was known as the Wal-Mart Discount City store. He made a concerted effort to advertise goods created in America. Finding American producers who could provide goods for the full Walmart chain at a price low enough to compete with overseas suppliers was part of the strategy.
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