Search results
Results from the WOW.Com Content Network
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.
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]
As of October 31, 2022, there are a total of 4,720 Walmart U.S. stores. [3] [4] In the United States, 90 percent of the population resides within 10 miles of a Walmart store. [149] The total number of Walmart U.S. stores and Sam's Clubs combined is 5,320. [3] [4] The president and CEO of Walmart U.S. is John Furner. [150] [151]
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.
Ann & Hope was founded by Martin Chase, who was born in 1906 in Kiev, Russian Empire (modern-day Ukraine), and moved with his family to Providence, Rhode Island, at age six. He was the only one of six sons not to work in his father's automobile repair business. Instead, when he was 20, he got a job working at a store called Fintex.
After graduation, Walton became a member of the law firm that represented Walmart, Conner & Winters in Tulsa, Oklahoma. [8] In 1978, he left Tulsa to join Walmart as a senior vice president, [8] and in 1982, he was appointed vice chairman. [9] He was named chairman of the board of directors on April 7, 1992, two days after his father's death. [10]
On September 28, 2005, Walton replaced his deceased brother, John, on the Wal-Mart Board of Directors. [2] He was CEO of his family owned Arvest Bank, until becoming Chairman of Arvest Bank, and chairman of newspaper firm Community Publishers Inc. (CPI) owned by Jim Walton himself (but founded by his father Sam Walton after acquiring the local newspaper the Benton County Daily Record, both ...
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.