Walmart started with one man. In 1962, Sam Walton began with just one store and one mission: help people save money so they could live better. As a growing global digital enterprise and with over 11,500 stores, we maintain Mr. Sam's vision, but now, we are able to help more customers than ever.
How did Walmart become so successful?
MERCHANDISE-DRIVEN RETAIL -Sam Walton writes that Walmart was more a 'Merchandise-Driven' retail than 'Operation-Driven' retail and this was one of the major reasons for the company's success. The operation-driven strategy would be toward reducing expenses and improving efficiency.
How did Sam Walton start Walmart?
He searched the rural towns of Arkansas for a new place to do business, and found it in the tiny community of Bentonville. There he set up shop in a store on the town square, this time insisting on a 99-year lease. Walton opened Walton's Five & Dime in the summer of 1950.