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Forbes ranked Sam Walton as the richest person in the United States from 1982 to 1988, ceding the top spot to John Kluge in 1989 when the editors began to credit Walton's fortune jointly to him and his four children. [37] (Bill Gates first headed the list in 1992, the year Walton died.) Wal-Mart Stores, Inc. also runs Sam's Club warehouse ...
The Original Goods. When Sam Walton opened the first Walmart on July 2, 1962 in Rogers, Arkansas, he wanted to give customers unparalleled bargains on a wide variety of products.
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]
By 1984, Sam Walton had begun to source between 6% and 40% of his company's products from China. [36] In 1988, Walton stepped down as CEO and was replaced by David Glass. [37] Walton remained as chairman of the board. During this year, the first Wal-Mart Supercenter opened in Washington, Missouri. [38]
Sam Walton founded Walmart in 1962 and Sam’s Club in 1983. His model was “low prices and great services,” as inspired by the dime store he once owned, according to company materials.
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The first location opened in 1990 and was named after Bud Walton, Sam Walton's brother and co-founder of Wal-Mart. Most Bud's Discount Stores (sometimes just called "Bud's", and until 1995 "Bud's Warehouse Outlet") were located in old Walmart storefronts, with the typical situation being a Bud's would replace the old storefront after Walmart ...
Since opening in 1962 in Rogers, Arkansas, Walmart has grown to approximately 10,500 stores and Sam's clubs in 24 countries, according to its corporate website. What started as a small shop has ...