He approached the Ben Franklin company directors about cutting their margins in half to maximize discount marketing but the company declined. It was then that Walton decided to take his idea and open his own store. In 1962, the first Wal-Mart was opened. The store became such as success that Walton was able to open more stores across the country and expand the business. 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 (Walmart,
He approached the Ben Franklin company directors about cutting their margins in half to maximize discount marketing but the company declined. It was then that Walton decided to take his idea and open his own store. In 1962, the first Wal-Mart was opened. The store became such as success that Walton was able to open more stores across the country and expand the business. 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 (Walmart,