The First Lesson of Walmart

Author: Xiao Ye
Publisher:
Publish Date: 2005-03-01
Features: Sam Walton began operating the retail business in the small town of Bentonville in 1945. After decades of hard work, Walmart has become the world's largest retail giant. Today, Walmart stores are located in the United States, Mexico, Canada, Puerto Rico, Brazil, Argentina, South Africa, China, Indonesia, and more, with a total of 5,161 stores and over 1.5 million employees, and the number is continuously increasing. In China alone, it plans to open 100 stores by 2005. Sam Walton was named the richest man in America by Fortune magazine and was awarded the highest honor of an American citizen, the "Presidential Freedom Medal," by the then-U.S. President in 1992 for his outstanding entrepreneurial spirit.