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Born
Sam Walton was born in Kingfisher Oklahoma, from his father Thomas Gibson Walton, and his mother Nancy Lee. -
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Sam Walton's Life
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The Walton's Moved to Missouri
The Walton's decided to move to a small town in Missouri, called Chesterfield, because Thomas Walton went back to his original job as a mortgage man. They also moved becasue of the birth of James Walton. (Picutre is of James Walton). *Date may not be accurate -
Sam becomes the youngest Eagle Scout in History
Sam became the youngest Eagle Scout in history in 1930. An Eagle Scout is the highes rank of the Boy Scouts of America at the age of 12. *Date may not be accurate. -
Walton goes to college
Walton goes to college at the University of Missouri as an ROTC Cadet. *Date may not be accurate. -
Sam graduates from the University of Missouri
He graduated with a B.A. in Economics. (B.A.= Bachelor of Arts degree). *Date may not be accurate. -
Sam gets a job at JC Penny's
Sam got a job as a management trainee in Des Moines, Iowa three days after graduating from college.This position paid him $75 a month. *Date may not be accurate. -
Walton retires from JC Penny's and goes to military
He resigned in 1942 in anticipation of being inducted into the military for service in World War II. In the meantime, he worked at a DuPont munitions plant near Tulsa, Oklahoma. Afterwards, Walton joined the military in the U.S. Army Intelligence Corps, supervising security at aircraft plants and prisoner of war camps. In this position he served at Fort Douglas in Salt Lake City, Utah. He eventually reached the rank of captain. *Date may not be accurate -
Sam opens a variety store with the help of his father.
In 1945, after leaving the military, Walton took over management of his first variety store at the age of 26. With the help of a $20,000 loan from his father-in-law, plus $5,000 he saved from his time in the Army, Walton purchased a Ben Franklin variety store in Newport, Arkansas. *Date may not be accurate -
Walton sells his store
Since his first store Ben Franklin's was doing so well, it drew the attention of the landlord, whose family had a history of retail, P.K. Holmes, who refused to renew the lease when it expired, desiring to reclaim the store, and pass it onto his son. The lack of a renewal option, together with the outrageous rent of 5% of sales, were early business lessons to Walton. Despite forcing Walton out, Holmes bought the store's inventory and fixtures for $50,000.
*Date may not be accurate -
Sam & James open stores
By 1962 Walton and his brother Bud owned a total of sixteen stores in Kansas, Missouri, and Arkansas, most of which still functioned under the brand of Ben Franklin. *Date may not be accurate -
First Walmart
"Wal-Mart" which first opened in 1962 in Bentonville, Arkansas. He transferred his philosophies from his Ben Franklin stores to his own brand stores in the process and worked hard to help bring a large variety of products and low prices to his consumers throughout his career. *Date may not be accurate -
Walmart Expands successfully
By the 1980s, Wal-Mart had sales of over one billion dollars and over three hundred stores across North America. *Date may not be accurate. -
Walmart gets bigggggggggggg!
By 1991, Wal-Mart was the largest U.S. retailer with 1,700 stores. *Date may not be accurate. -
Sam is CEO unitl he DIES!
Sam is CEO of Walmart until he dies. -
Passes the buissness down!
He gave his buisness down to his wife, three sons, and daughter to keep running. -
Sam died being rich
Sam was the 2nd richest man when he died.
