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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Chairman Rob Walton, Sam Walton's oldest son, has been the most active of the Walton family within the company.
Rob Walton, Sam Walton's oldest son, was named his father's successor as chairman.
L to R: Brandon Johnson, Reece McCann, Jack Espie, Archie Smiles, Wayne McCann (head coach), Luke Palmer, Kobe Hutchinson, Martin Hood (assistant coach |Brett Walton, Sam Lemmon, Dominic Hood, Nathan Blewitt