Why can't you film in Walmart
The origins of today's retail chain Walmart goes back to Samuel Moore Walton, who was born on March 29, 1918 in Kingfisher, Oklahoma. There he lived with his parents on a farm. But when the agriculture didn't bring in enough money anymore, Sam's father Thomas decided to get into his brother's mortgage business. Over the next several years, the family moved from town to town before settling in Columbia, Missouri. When the Great Depression broke out in 1929, Sam didn't hesitate and looked for small jobs to support his parents financially. He not only worked as a milk supplier and newspaper deliverer, but also sold magazine subscriptions. A few years later during his studies, he also worked in various odd jobs before completing his bachelor's degree in economics in 1940. He then took a management trainee position at the retailer J.C. Penney where he made about $ 75 / month. After about a year and a half, he had to resign there and the U.S. Join Army. After the war, at the age of 26, Sam decided to go back to the retail business. He secured a $ 20,000 loan from his father-in-law, added $ 5,000 of his savings, and went shopping Ben Franklin Variety Franchise business in Newport, Arkansas.
He quickly implemented the concepts he got to know during his studies and was soon able to achieve initial successes. It wasn't long before he opened a second store not far from the first one. In just three years, he increased sales from $ 80,000 to $ 225,000, which of course caught the attention of his landlord. He refused to extend the lease because he and his son wanted to enter the retail business. Fortunately, Sam managed to sell him all of the inventory for a good price. Sam, who now knew exactly how he could be successful, could no longer be stopped. By 1962 he and his brother Bud managed 16 franchise branches in Arkansas, Missouri and Kansas. At that time he tried that too Ben Franklin To convince management of the discount concept, however, they refused. Because of this, Sam opened his first own on July 2, 1962 Wal-Mart Discount City Store. It was a large-scale store selling American branded products at a low price. Contrary to many of his competitors, Sam opted for cheaper locations in smaller towns.
Sam's plan worked and within a few years he was able to do more Wal-Marts open. He also worked out a sophisticated logistics concept that enabled him to purchase larger quantities and deliver them promptly to his various locations, which he set up within a 200 mile radius of the distribution centers. This made it possible to massively increase efficiency and grow even faster. Went in 1970 Wal-Mart on the stock exchange - the fresh capital was of course used for expansion. By the end of the 1970s, it managed 276 businesses in 11 states and had a proud annual turnover of 1.25 billion US dollars. Today the retail group operates around 11,443 stores under 48 different names in 24 countries and generates sales of 559 billion US dollars.
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