Who Sam Walton s Details!!

Founder of Walmart Inc.: Sam Walton.

Outwardly, Sam Walton is an ordinary person. He grew up during the Great Depression in the United States and served in the military during World War II, and it was this little-known man who went on to create the world's largest retail business.

Sam has a strong sense of competition and risk-taking, and he realized that for Walmart to be successful, it must exceed customer expectations for quality service, in addition to providing customers with low-priced products. Sam has dedicated his life to this idea. He motivates and inspires his employees and puts into practice what he advocates.

Sam has always demanded himself with the principles of diligence, honesty, friendliness, and frugality. Although he passed away in 1992, these spirits continue to be reflected in different countries and cultures as Walmart's business expanded.

Sam Walton.

Sam Walton (1918-1992) was the founder of Wal-Mart, the world's largest company by turnover.

Sam Walton was born in 1918 in a small town in Arkansas, USA. In 1936, Sam Walton entered the University of Missouri to pursue a bachelor's degree in economics and served as president of the university's student government. After graduating from college in 1940, he signed up for the military and served in the U.S. Army Intelligence Corps.

In 1962, Sam Walton opened a chain of retail stores in Bentonville, Arkansas, named Wal Mart. Because of the insistence on the low-price strategy, Wal-Mart Department Store **** achieved great success at the beginning. In its first year, the Bentonville store had already reached $700,000 in turnover.

In 1964, Wal-Mart Department Store **** already had 5 chain stores, and in 1969 it increased to 18 stores. In 1990, Wal-Mart became the largest retailer in the United States. In 2001, Wal-Mart Department Store became the world's largest enterprise (calculated by turnover).

After Sam Walton's death in 1992, according to his will, his fortune was divided equally between his wife and three sons and a daughter, according to Forbes in 2004, the Walton family ranked 6 to 10 on the world's richest list of five people, and is the richest family in the world.

Sam Walton is very diligent, he gets up at 4 a.m. every day and often goes to the store to have breakfast with the regular staff, he is"Patrol management"One of the earliest practitioners of (management by walking about). And he's very frugal, he is"Achieve sustainable profitability through cost minimization"role model. In doing so, he created Wal-Mart's unique culture, which is the core competitiveness of Wal-Mart.

Dr. Hu Songping, author of the book "Learning from Wal-Mart **Chain Management".

Sam Walton was born in 1918 in Kinfisher, Oklahoma, USA, a native of the countryside, and at the age of 7, Sam began to work odd jobs, delivering milk and newspapers to earn his pocket money, as well as raising rabbits and pigeons**. At the age of 18, Sam enrolled at the University of Missouri to pursue a bachelor's degree in economics and served as president of the university's student government. After graduating, just as World War II broke out, Sam joined the army and served in the Army Intelligence Corps.

After World War II, Sam returned to his hometown, where he borrowed $20,000 from his father-in-law and opened a small shop with his wife, Helen, where he learned to buy, price, and sell. In order to win customers in small towns, Sam has made "selling at low prices and guaranteeing satisfaction" the company's business tenets, and this principle is written on both sides of Wal-Mart's signboards. He insisted that every commodity should be cheaper than other stores, and in order to achieve this goal, Sam began to advocate the business idea of low cost, low cost structure, low **, and giving profits to consumers.

Under this business strategy, the small store quickly expanded its scale, attracting customers from all over the world with cheap goods and high-quality services. By 1960, Walton had 15 stores in the area around Bentonville, with an annual turnover of $1.4 million.

In 1962, Sam Walton founded the company and opened the first Wal-Mart department store in Rogers City, Arkansas, with an area of 1,500 square meters and a turnover of $700,000 in its first year. And finally on October 31, 1969, Wal-Mart Department Store **** was established.

1983 Opened the first Sam's Club in Midwest, Oklahoma.

In 1984, Sam Walton fulfilled his promise to his employees, and the company's pre-tax profit reached 8%, and he danced hula on Wall Street1987 Wal-Mart's satellite network is completed, making it the largest privately owned satellite system in the United States.

1990 Wal-Mart became the No. 1 retailer in the United States.

In 1991, Wal-Mart stores opened in Mexico City, and Wal-Mart began to enter overseas markets.

In 19921990, Walmart became the number one retailer in the United States.

In 1991, Wal-Mart stores opened in Mexico City, and Wal-Mart began to enter overseas markets.

On March 17, 1992, Mr. Sam Walton was awarded the Medal of Freedom by George W. Bush of the United States, and Mr. Sam Walton passed away on April 5 of the same year. Today's Walmart is still driven by three fundamental beliefs. Although Mr. Sam is gone, his philosophy and philosophy will always lead to success.

Walmart's success today stems from the fact that it has never been complacent about the status quo. Walmart is a forward-thinking company that values its past and learns from it so that it doesn't stand still.

Sam Walton (March 29, 1918 – April 5, 1992), the founder of Wal-Mart, the founder of Sam's Club, became the richest man in the United States in 1985, was awarded the Medal of Freedom by Bush in 1992, and died in the same year.

Thrifty, he expanded rapidly in just a few decades. Wal-Mart will open 1,702 chain stores, 952 supermarkets and 479 Sam's Club warehouse supermarkets in the United States; It also has 1,088 chain stores overseas. In 2000, Wal-Mart's total global sales reached $191.3 billion, surpassing General Motors of the United States and second only to ExxonMobil Oil.

The five members of the Walton family ranked 7th to 11th on the 2001 Forbes list of the world's richest people, with a total asset of $93.1 billion, $34.4 billion more than Bill Gates, the richest man in the world. In the Forbes 400 rich list released in September 2003, Wal-Mart's five Waltons tied for fourth place with a net worth of $20.5 billion, approaching Paul Allen, one of the founders of Microsoft, who ranked third with $22 billion, and at the same time, with total assets of $102.5 billion, far exceeding the total wealth of $46 billion of Bill Gates, who ranked first, and is worthy of the name of the world's largest wealthy family. The Walton family has held half of the Forbes richest list in this way for several years.

Wal-Mart topped the list of the 10 Most Admired Companies in the United States in 2003 released by Fortune that year.