Wednesday, October 20, 2010

sam walton

sold things at great prices
worked at jc penny after school was finished
married in 1943, son in 1944
bought a drug store for $25,000
his store was doing well and he paid the loan off in 3 years, but lost the store because the building owner would not lease again
moved to bentonville -population of 3,000
started self serve stores, had another one in feyetteville
then ended up with 16 stores
then bought a plane to get around
first wal-mart made a million dollars in the first year
bought the bank so he could lend himself money
in 1964 he opened second and third stores
1969 had 18 walmarts
1970 owner 32 stores
1985 he was the richest man in the country
checked into the hospital in little rock, april 6th 1992 he died.

No comments:

Post a Comment