Drafted into the United States Army in , Walton served stateside as a communications officer in the Army Intelligence Corps for the duration of World War II. Our History. Sam Walton, the Walmart Museum, and History Timeline. Enjoy the best Sam Walton Quotes at BrainyQuote. Quotations by Sam Walton, American Businessman, Born March 29, Share with your friends. Hickman High School in Columbia where he was voted the "Most Versatile Boy" at the time of his graduation in
Early life[ edit ] Samuel Moore Walton was born to Thomas Gibson Walton and Nancy Lee, in Kingfisher, Oklahoma. He lived there with his parents on their farm until However, farming did not provide enough money to raise a family, and Thomas Walton went into farm mortgaging. He worked for his brother's Walton Mortgage Company, which was an sam m. walton biography for Metropolitan Life Insurance,   sam m.
walton biography he foreclosed on farms during the Great Depression. They moved from one small town to another for several years. While attending eighth grade in ShelbinaMissouri, Sam became the youngest Eagle Scout in the state's sam m. walton biography. Growing up during the Great Depression, he did chores to help make financial ends meet for his family as was common at the time.
He milked the family cow, bottled the surplus, and drove it to customers. Afterwards, he would deliver Columbia Daily Tribune newspapers on a paper route.
In addition, he sold magazine subscriptions. Hickman High School in Columbia, he was voted "Most Versatile Boy". After high school, Walton decided to attend college, hoping to find a better way to help support his family. He attended the University of Missouri as an ROTC cadet. During this time, he worked various odd jobs, including waiting tables in exchange for meals. Also during his time in college, Walton joined the Zeta Phi chapter of Beta Theta Pi fraternity.
He was also tapped by QEBHthe well-known secret society on campus honoring the top senior men, and the sam m. walton biography military honor society Scabbard and Blade. Additionally, Walton served as president of Burall Bible Class, a large class of students from the University of Missouri and Stephens College.
Penney as a management trainee in Des Moines, Iowa sam m. walton biography days after graduating from college. Walton spent approximately 18 months with J. Soon afterwards, Walton joined the military in the U. Army Intelligence Corpssupervising security at aircraft plants and prisoner of war camps.
In this position he served at Fort Douglas in Salt Lake CityUtah. He eventually reached the rank of captain. The first stores[ edit ] Inafter leaving the military, Walton took over management of his first variety store at the age of Walton pioneered many concepts that became crucial to his success.
Walton made sure the shelves were consistently stocked with a wide range of goods. His second store, the tiny "Eagle" department store, was down the street from his first Ben Franklin and next door to its main competitor in Newport. Holmes, whose family had a history in retail.
With a year left on the lease, but the store effectively sold, he, his wife Helen and his father-in-law managed to negotiate the purchase of a new location on the downtown square of Bentonville, Arkansas. Walton negotiated the purchase of a small discount store, and the title to the building, on the condition that he get a year lease to expand into the shop next door.
He had just enough left from the sale of the first store to close the deal, and reimburse Helen's father. They opened for business with a one-day remodeling sale on May 9, Also, having spent countless hours behind the wheel, and with his close brother James "Bud" Walton having been a pilot in the war, he decided to buy a small second-hand airplane.
Both he and his son John would later become accomplished pilots and log thousands of hours scouting locations and expanding the family business. With the help of his brother and father-in-law, Sam went on to open many new variety stores. This motivated the managers to sharpen their managerial skills and take ownership over their role in the enterprise. History of Wal-Mart The first true Wal-Mart opened on July 2,in Rogers, Arkansas.
He launched a determined effort to market American-made products. Included in the effort was a sam m. walton biography to find American manufacturers who could supply merchandise for the entire Wal-Mart chain at a price low enough to meet the foreign competition. To make his model work, he emphasized logisticsparticularly locating stores within a day's drive proximity to Wal-Mart's regional warehouses, and distributed through its own trucking service.
Buying in volume and efficient delivery permitted sale of discounted name brand merchandise. Thus, sustained growth— from 's stores to 's — was achieved.