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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.
Walmart U.S. is the company's largest division, accounting for US$331.666 billion, or 65 percent of total sales, for fiscal 2019. [147] [148] It consists of three retail formats that have become commonplace in the United States: Supercenters, Discount Stores, Neighborhood Markets, and other small formats. The discount stores sell a variety of ...
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.
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]
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]
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 ...
Lore was appointed in September 2016 to lead Walmart's e-commerce division when his company Jet.com—an e-commerce website launched in 2014—was acquired by Walmart, Inc. Walmart purchased Jet for $3.3 billion. [6] Prior to Jet, Lore was the CEO and co-founder of Quidsi, the parent company of a family of websites, including Diapers.com.
Ann Walton Kroenke (born December 20, 1948) [4] [1] [2] [3] is an American billionaire. Heiress to the Walmart fortune, Ann and her sister, Nancy Walton Laurie, inherited stock from their father, Bud Walton (died 1995), who was the brother and an early business partner of Walmart founder Sam Walton.