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Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas, and Midwest City, Oklahoma, in 1962 and 1983 respectively.
There are wholly owned operations in Argentina, Brazil, Canada, and the UK. With 2.2 million employees worldwide, the company is the largest private employer in the U.S. and Mexico, and one of the largest in Canada. [14] In fiscal 2019 Walmart's international division sales were US$120.824 billion, or 23.7 percent of total sales.
Logo used since January 13, 2025 Sam Walton's original Walton's Five and Dime, now the Walmart Museum Visitor Center in Bentonville, Arkansas.. The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. [1]
He served in that role until 1984 when he was named president and Walmart’s chief operating officer. Along with Rob Walton, in 1985, Glass managed development of Retail Link program, Walmart's proprietary trend-forecasting software. [3] In 1988, he was named Walmart's chief executive officer, stepping down from the position in January 2000 ...
The majority of the family's wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of Walmart. Walmart is the world's largest retailer, one of the world's largest business enterprises in terms of annual revenue, and, with just over 2.2 million employees, the world's largest private employer.
It supported "private foundation reforms to create new incentives for charitable giving" and did not involve "the specific issue of repealing the estate tax." [5] In March 2020, the Walton family transferred 14% of Walmart's outstanding shares from WEI to the Walton Family Holdings Trust which was formed in April 2015.
Furner began his career at Walmart in 1993 as an hourly store associate. [3] He later became a store manager, district manager, and buyer. He became CEO of Sam's Club on Feb. 1, 2017, after serving as Sam's Club's chief merchandising officer and, prior that, spending nearly three years in Walmart's international division as EVP of merchandising and marketing for Walmart China.
Walmart officials moved McMillon from his role at Sam's Club to lead Walmart's international division in February 2009, [12] replacing Mike Duke, who was promoted to CEO of Walmart Stores, Inc. [10] Under McMillon, Walmart International focused on improving in existing markets, such as Canada, China, United Kingdom and the Americas. [13]