Sam Walton: Changed the World of Merchandising (Titans of

Sam Walton: Changed the World of Merchandising (Titans of Fortune Article)

Biographical profile of Sam Walton, founder of Wal-Mart. Walton made his fortune by being unconventional. He built huge discount stores in rural areas instead of big cities, and offered the lowest-priced merchandise to customers. By converting thin margins into great bargains for shoppers, he brought an enormous volume of business to his operations. Ben Franklin's adage, a penny saved is a penny earned, foreshadowed Walton's ethic and business dynamic to a T. At the time of his death, Wal-Mart's annual sales had grown to $43 billion and discount merchandising was the new American paradigm. Even in the recession beginning in December 2007, Wal-Mart was the only major American retailer to show increased sales. This success has not come without criticism. Wal-Mart's buying power makes it difficult or impossible for smaller local stores to compete. Some communities have opposed the opening of Wal-Mart stores in their area. However, Sam Walton's success is unquestionable and without parallel. Award-winning author and syndicated columnist Daniel Alef, who has written more than 300 biographical profiles of Americaâ€™s greatest tycoons, brings out the story of Walton and his remarkable life of ups, downs and achievements. [1,437-word Titans of Fortune article]
Country USA
Manufacturer Titans of Fortune Publishing
Binding Kindle Edition
ReleaseDate 2009-01-15
Format Kindle eBook

Country	USA
Manufacturer	Titans of Fortune Publishing
Binding	Kindle Edition
ReleaseDate	2009-01-15
Format	Kindle eBook

Sam Walton: Changed the World of Merchandising (Titans of Fortune Article)