Sam Walton


Also found in: Encyclopedia, Wikipedia.

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.
Mentioned in ?
References in periodicals archive ?
When you talk about planning, design and costs, there is a lot that needs to take place before we would know the final costs, but a strong emphasis is going to be on supporting a culture of servant leadership that Sam Walton started from day one.
FIFTH MONDAY: Wal-Mart's New HQ: Tradition, Not Frills
In the early 1960s he was working as a data processing executive at Ben Franklin stores in Chicago when he first met Sam Walton, who tried for more than a decade to recruit him to Walmart.
Soderquist, former Walmart exec, dies
When Sam Walton died, so did his vision of service and community first.
A legend may die, but the legacy lives on
Jim Walton is the youngest child of WalMart founder Sam Walton and the largest individual shareholder in the said company.
A peek into wealth of the Top 10's richest
Another Walton family member who has found a place on the top of the list is Alice Walton, daughter of Sam Walton and Christy's sister-in-law.
International Women's Day: Women Show Their Economic Might Claiming Top Spots on Forbes Billionaires List
But if we stay true to the foundation that Sam Walton built, we'll continue to be a better company, a stronger company and a prouder company.
Golden Touch
Jim Walton, 64, is the youngest son of Wal-Mart founder Sam Walton.
He's still top of the Bill; GATES REIGNS AGAIN IN FORBES RICH LIST
My dad would have been proud of Lee and his accomplishments," said Rob Walton, chairman of the Wal-Mart board of directors, and the son of founder Sam Walton.
Scott to retire as Wal-Mart CEO
NEWS TEAM FROM LEFT TO RIGHT: Top - Jordan Downey, Alice Hawman, Richard Barrass, Esme Stogdale and James Donoghue, Bottom - Jessica Taylor, Eve Nixon, Sam Walton, Lydia O'Connor, Emily-Jean Fox, Abigail Hobson and Georgia Horvath
Roving reporters
founder Sam Walton, died on April 19 in her Bentonville home of natural causes.
Widow of Wal-Mart Founder Sam Walton Dies
All three productions conjure the ghostly good-ole-boy visage of Wal-Mart founder Sam Walton, and two incorporate Wal-Mart's team spirit-boosting cheer ("Give me a W
Smile, Wal*Mart, you're on stage
True, he wanted to move quickly and decisively, entering the fray with the impact for which Sam Walton had been well known.
A tribute to John Walton

Financial browser ?
Full browser ?