Sam Walton founded Walmart in 1962 in Rogers, Arkansas. He started his career working various jobs, including for JC Penney, before opening his first Ben Franklin variety store. Walton believed in keeping prices low by buying in bulk and passing savings to customers. He grew his business to include 16 variety stores across three states. In 1962, Walton opened the first Walmart store, which became hugely successful and the world's largest retailer. By 2004, Walmart employed over 1.5 million people worldwide. Walton pioneered a low-cost retail model that revolutionized the industry.

3. Delivered newspapers on the route.

4. He worked various part time jobs such as waiting tables in exchange for his meals.

6. Married on February 14th 1943 with Helen Robson in 1942.

7. Walton left the job and joined the military in the US Army Intelligence Corps to serve the nation eventually reaching the rank of captain.

9. Keeping his store open longer than most other stores

10. Buying goods in large quantities from the lowest priced wholesaler to pass on savings to customers.

11. Most profitable franchise store in the whole six state region

12. Was made sure his stores were clean well lit and kept loyalty high with his employees by profit sharing.

14. Certain Facts and Figures about Walmart Sam Walton started Wal-Mart in 1962 in Arkansas, USA. There are more than 8970 stores around the world today. They employ more than 1.8 billion people world wide. Its current Revenue is $421.849 billion. The current stock price of Walmart is $53.41 The CEO is Mike Duke. Domestic competitors are stores like Kmart, Target, ShopKo, and Meijer. International Competitors are Britain's Tesco, France's Carrefour, and Germany's Metro.

15. Services of Wal-Mart They carry general merchandise products and food items. Many of these stores also feature a garden centre, a Tire and Lube Express, pharmacy, optical centre, and one-hour photo processing lab. Sam’s Club : Sam’s Club was opened in honour of Sam Walton and was opened on April 1983 in Oklahoma. You must have a membership in order to purchase any items. Sam’s sells meat, seafood, fresh baked goods, flowers, clothing, books, software, home electronics, clothing jewellery, art, optical and furniture.

17. Over half of the company's stores are located in the United States, with the majority of international stores located in Central and South America and China.Subsidiaries of Walmart are: Walmex in Mexico Asda in UK Seiyu Group in Japan Sam’s Club is a chain of warehouse clubs which sell groceries and general merchandise

19. Extremely good understanding of his customers

20. Unwavering respect for his "team" of associates

22. Learning from competitors

23. Self-criticism with the worst criticism

24. Do what you love