Sam Walton

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Sam Walton

An American businessman who is best known for founding the Wal-Mart chain. He began in the retail store business in 1945 when he purchased a Ben Franklin franchise. Throughout the 1950s, he opened more franchises until he established the first Wal-Mart in 1962. He was one of the first retailers to always buy from the lowest priced wholesaler; this drove sales higher, which allowed him to negotiate still lower prices from wholesalers. This practice, while controversial, became a staple of Wal-Mart. He also was among the first to offer managers the ability to become limited partners in his stores. Walton lived from 1918 until 1992.
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Married Samuel Moore Walton on Valentine's Day 1943 - Four children: Rob, John (deceased), Jim, Alice - Eight grandchildren - Four great-grandchildren Education - Associate's degree, Christian College for Women, Columbia, Mo.
NEW YORK - Forty years after Samuel Moore Walton opened the first Wal-Mart Discount City store in Rogers, Ark.
Instead, Samuel Moore Walton couldn't convince his bosses that operating discount stores in rural towns was a good idea.
March 29, 1918: Samuel Moore Walton is born in Kingfisher, Okla.