Sam Walton possessed a passion for the retail industry which was evident when he leased a discount store in Newport, Arkansas in 1945. Prior to this venture, he started out as a management apprentice for J.C. Penney. By 1962, Mr. Walton owned more than a dozen Ben Franklin stores which were under the Walton name. There was an idea that Ben Franklin turned down, which later became a remarkable move for Sam Walton and his brother James that transformed the retail industry (Parnell, n.d.).
The Walton brothers would go on to opening stores in small and medium-sized communities. By 1980, they had compiled over 270 stores with yearly sales over $1 billion dollars. Then in 1983, the Walton’s created an interesting store layout that consisted of a
The Walton brothers would go on to opening stores in small and medium-sized communities. By 1980, they had compiled over 270 stores with yearly sales over $1 billion dollars. Then in 1983, the Walton’s created an interesting store layout that consisted of a