Samuel Moore “Sam Walton” after leaving the military opened a variety store in Newport, Arkansas. With a loan of $20k and his saving of $5K which he saved during the military.
Coming from a Strong Christian faith Sam pioneered his concept in managing his store especially keeping it open late night and with a wide variety of products and also buying from wholesalers who would sell for cheap price and hence selling for a discounted price and hence transferring profits to the buyers. The one major for his success was the centre location of his retail shop.
Walton later wanted to expand his business and compete with his competitor the Sterling Store, , Walton leased Kroger Store and opened it as an Eagle Department store But the land lord later refused to renew the lease and hence passing it to his sons. This was one of the biggest lessons Walton had learned thought his career.
Walton later moved to Bentonville, Arkansas to expand his business. Walton went on opening more and more store with help of his brothers and family. Later Walton opened a store in Ruskin Heights which was a shopping but this store was not has successful has his other store so he turned down his expansions of his business in Shopping malls and concentrated only in centre location of the city.
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