Sam Walton was an American business
man born in 29th March 1918 near Kingfisher, Oklahoma U.S. Walton
.Walton was living on a farm until 1923. Sam Walton was the founder of two
American retailers, Wal-Mart and Sam`s Club .He was the patriarch of the Walton
family, one of the richest families in the world.
During he was in high school Walton
was athletic playing basketball and football also he became the vice president
of the student body during his junior year and move to president during his
senior year. Also Walton did many jobs to help his family meet their finance
needs. After he joined to university of Missouri he started to work part time
jobs such as waiting tables in exchange for his meals. He majored in economic. As
we can see here Walton grew up throw lots of hard working to help his family as
much as he could.
Walton joined to military in the US
army intelligence Corps but in 1945 he left the military with the ambition of
opening a department store and he started with $20,000 Loan from his father in
law and also by his own saving $ 5000 , he bought a store from Butler brothers Franchise
in Newport , Arkansas. From the beginning Sam makes his business success. By
1950 he leased nearby store and opened department store called Eagle but it
never had the same success. We can see there were goals and dreams he wanted to
achieve.
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| Walton`s First Store |
Walton made decision to put the
checkout counters to one location near the exit that allow to customers to pay
at the one location at the same time. By 1985 he had 800 stores. Unlike other
discount retailers, he opened up in small towns where there was little
competition. He attracted a lot of customers to come to his store by giving
discount in everything they buy in cash and that what made most of people go to Wal-Mart stores .by this way we
can see how Walton was a genius and clever in the economic and creating a new strategies
that keep the customers around his shops
always . He also used a technique of nosing around other stores looking for
good employees which turned up Willard Walker a manager of the TG&Y Variety.
However , nowadays Wal-Mart still as famous as before in USA and other
countries because of the strategy he use and they still use until this moment
that he give discount and also low prices for the cash payment and now Wal-Mart
still number one in Stores world or market world.
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|
TG&Y Store |
Nowadays Wal-Mart stores are all
around the world now America, Mexico, Argentina, Brazil, South Korea, China,
Germany and other countries. Sam Walton died in 1992 and left his wealth to his
wife and his children. The Walton family made up half of the top richest in the
USA until 2005. Also Walton`s supported many charitable causes, including those
of his church.
From Walton story we can understand
life wasn't easy for him because he used to work but he had a dream and he
saved and suffer to get to them. What we should learn from this man never feels
fair of what you believe because you can get it one day but everything needs to
work for it.
If Walton still alive he would be
the world`s wealthiest person
