She is one of the richest and most influential dynasties in the United States. Through its majority stake in the retailer Walmart, which it founded in 1962, the Walton family has a global business empire with more than 10,000 stores in 20 countries.
The story begins in 1962. So in his thirties, Sam Walton opens the first Wal-Mart Discount City in Rogers, Arkansas, with the idea of offering very low prices to attract more customers. The graduate in economics, having learned the management and operation of a business in J.C. Penney stores, quickly developed his network by opening other shops in Arkansas and neighboring states. His business is based on several pillars: centralizing logistics and stocks to reduce costs and maintain preferential rates, enhancing the customer experience with proximity to the public, choosing small towns and rural areas, and pamper the employees through good relationships, bonuses and participations creating a strong commitment. A profitable strategy.
Sam Walton, ahead of his time
In 1970, with the success of its first stores, Walmart enters the stock market. If the Waltons retain a majority interest, this introduction allows them to raise funds without losing control of the company through a holding system. Sam Walton also includes his sons (Jim Walton, S. Robson Walton, John Walton) in important positions, strongly believing in the power of family management. Alice Walton, his daughter, turns more towards finance and even creates her own investment bank, Llama Company. today as the beginning of the centralization of stocks.
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Featured photo : © DR
