Sam Walton an Entrprenuer

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Kari F


Date added:

June 11, 2011








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4 / 902


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He served three years as an Army intelligence officer during World War II. Walton had started in the retail business with the J. C. Penney Company in Des Moines, Iowa, making between $75 and $85 a month. He worked there for five years. After his army service, in 1945 Walton used a $20,000 loan from his father-in-law plus $5,000 of his savings to buy a Ben Franklin store in Newport, Arkansas, where he was joined by his brother...
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In 1950, when his landlord failed to renew his lease, Walton moved to Bentonville, Arkansas, now the headquarters to the Wal-Mart Empire. From 1945 through 1962 he operated Ben Franklin stores; by 1962 he had nine stores?Walton's Five & Dime ?operated under a franchising agreement with the Chicago-based Ben Franklin...
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