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Sam Walton was born in 1918 in Kingfisher, Oklahoma. In 1942, at 24, he joined the military. He married Helen Robson in 1943. When his military service ended in 1945, Sam and Helen moved to Iowa and then to Newport, Arkansas. During this time, Sam gained early retail experience, eventually operating his own variety store.

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At the age of 27 Walton put up $5,000 of his own money and $20,000 that he borrowed from his father-in-law where he In 1950. Walton's good use of policy and pricing products below other retailers change the game for him, Walton tripled his business by 1950 he owned the leading Ben Franklin store in a six state region. unfortunately even though the business was successful Walton's landlord decided to acquire The business for a son and decided no renew Walton's lease.  The Walton's decided to leave Newport for Bentonville and Sam opened Walton’s 5&10 on the downtown square.

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This resulted into a new Enterprise and he quickly achieved the same success of his previous venture even allowing him to look for a new opportunities. throughout the 1950's using money and profits from stores he already owned water acquired one variety of store after another and by 1960 he owned 15 stores. But he wasn't satisfied with the profits that he was receiving and thought how to make more money for the kind of effort he was putting in so then he adopted a new strategy that made Walmart what it is today.

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Walton decided to dramatically cut prices to undercut his competition and making the difference in price through a higher volume of sales. This new strategy. He developed was not a new strategy, but at the time discount stores or small and they were located in cities and you can only discount specific items. Walton's idea was to build big stores, that discounted all of the items that they stocked and place them into small towns.

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1962 he opened his first Walmart short for Walton Mart in Rogers Arkansas. customers thrilled that big-city discounting had come to small towns of America they flocked to Walton stores and the sales scored High. This early success provided funding for further expansion and by 1969 there were 18 Walmart's through Arkansas and Missouri. until that time Walter was funding expansion from profits and barring borrowing. 1970 was when he decided to make the company public. Originally  Walton's offer was nearly 5 million,  Watson and his family retain 61% of ownership of in stock so he managed to pay off the company's depth and move forward with his ambitious expansion plans. By the end of 1980 Walton had owned 276 stores and would soon be opening stores at a rate of about 100 per year.

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In 1983, Walton launched the first of his Sam's Wholesale Clubs, which were aimed at small-business owners and others who wished to buy merchandise in bulk. Once again, Walton had struck gold. In 1985, Forbes magazine pronounced him the richest man in America, with an estimated worth of $2.8 billion. By 1987, Walmart had become the third-largest retailer in the United States, trailing only Sears and Kmart. His retail success in the bag, Walton announced in 1988 that he was handing over the duties of CEO to Walmart executive David Glass but would continue to serve as chairman of the company.

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https://corporate.walmart.com/our-story/our-history

https://www.biography.com/business-figure/sam-walton

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Sam Walton was a man with visionary leadership, and our business is a result of that. Today, we’re helping communities save money and live better all over the world.