Wal-Mart:
The Main Street Merchant of Doom
In small towns there was a time when rural communities were highly subject to price fixing and price gouging from the local merchants. There was really a no competition and the local merchants priced their items however they wanted to and charged their customers very high for their products. Samuel Moore Walton helped fixing this problem by creating is own brands stores in this small rural towns. Sam Walton originally wanted to go in to these small rural towns that had like about ten thousand people or less and put in his brand name stores so that they could go his store rather then being charged exclusively high by their local merchants.
Samuel Moore Walton was born on Match 29, 1918 in Kansas. He began his college career in 1936 at University of Missouri and graduated with a degree in business administration. His very fist job that he found after college was at JCPenney where he worked several years and lived by their core values. Later in 1962 when he was at age of 44, Sam Walton opened his very first own brand store name Walmart in Rogers, Arkansas. As I have mentioned before that What Sam first did was he targeted small rural towns with populations of no more then about ten thousand people. The response that they got from people was very positive and Walmart was very successful that Sam expanded his company into the larger cities. Now everywhere we go we see Walmart
By the time 1981, Walmart had become America’s largest retailer store. With $191 billion in sales Walmart had become the worlds largest retailer. The company had about 3,500 facilities in the United State and more then 1,000 stores throughout nine other countries. When Sam states, “ He felt that when a customer entered Walmart in any part of country, he or she should feel at home.’’ He called this as the “Walmart way.” I think this statement tells you