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Sam Walton was born in 1918 in Kingfisher, Oklahoma, and grew up during the Great Depression. While he did come from a modest background, he was not exactly destitute.
After serving in the military during World War II, Walton opened his first store, a Ben Franklin franchise, in Newport, Arkansas, in 1945. He then went on to open his own variety store, Walton's 5&10, in Bentonville, Arkansas, in 1950. This store eventually became the first Walmart, which opened in 1962 in Rogers, Arkansas.
Sam Walton's success with Walmart is often attributed to his innovative retail strategies, such as offering low prices, wide product selection, and efficient supply chain management. Under his leadership, Walmart grew into one of the largest and most successful retail chains in the world.
This innovative spirit, coupled with Walton's unwavering commitment to customer satisfaction, propelled Walmart into a retail giant, offering a blueprint for efficiency and value that continues to inspire entrepreneurs around the world.