After Sam got out of the US military he decided he wanted his own department store. He wanted to make enough money that he could support his family. His dream came into reality in the fall of 1945 when he purchased a store in Newport with the help of his father-in-law. Sam borrowed $20,000.00 from his father-in-law and had $5,000 saved from the military. Wal-Mart first opened in 1962 and became the world’s number one retailer. Wal-Mart’s success has also given many people today an opportunity for a bigger job market. More than 600,000 Americans work at Wal-Mart. The reason for its popular success it still follows Sam Walton’s values: by hometown identity, each person is welcomed personally by People Greeters, each store honors a graduating high school senior with a college scholarship, bake sales to benefit a local charity, associates determine where charitable funds are donated, and the prices are low and customers do not have to wait for a sale to see savings. This is only to name a few of the things that Wal-Mart does for the community.
Filed under: Famous Entrepreneurs, Success Business Story | Tagged: Business, Business Story, Businessman, Department Store, Entrepreneur, Entrepreneur Story, Entrepreneurs, Famous, Famous Entrepreneurs, Man Stories, Stores, Success, Success Business Story, Success Story, Successful, Supermarket, Walmart
