Do you like shopping but not dealing with the traffic or the long check out lines? Then you should do your shopping online at Walmart.com! It is easy and their website is extremely user friendly. I have ordered from there several times and, needless to say, the online shopping experience was great!
In 1950 Sam Walton opened Walton’s 5&10 on the downtown square in Bentonville, Arkansas. Inspired by the early success of his dime store, and driven to bring even greater opportunity and value to his customers, Sam opened the first WALMART in 1962 at the age of 44 in Rogers, Arkansas.
Changing the Look of Retail
Sam’s competitors thought his idea that a successful business could be built around offering lower prices and great service would never work. As it turned out, the company’s success exceeded even Sam’s expectations. The company went public in 1970, and the proceeds financed a steady expansion of the business. Sam credited the rapid growth of his company not just to the low costs that attracted his customers, but also to his associates. He relied on them to give customers the great shopping experience that would keep them coming back. Sam shared his vision for the company with associates in a way that was nearly unheard of in the industry. He made them partners in the success of the company, and firmly believed that this partnership was what made Walmart great.
As the stores grew, so did Sam’s aspirations. In addition to bringing new approaches and technologies to retail, he also experimented with new store formats—including Sam’s Club and the Walmart Supercenter—and even made the decision to take Walmart into Mexico. Sam’s fearlessness in offering lower prices and bringing Walmart’s value to customers in the U.S. and beyond set a standard for the company that lives on to this day. His strong commitment to service and to the values that help individuals, businesses and the country succeed earned him the Presidential Medal of Freedom, awarded by President George H. W. Bush in 1992.
It was during Sam’s acceptance remarks that he articulated what would come to be Walmart’s official company purpose.