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Wikipedia reports, "The history of Wal-Mart can be traced back to the 1940s when Sam Walton began his career in retailing at J.C. Penny. In 1943 Walton met the Butler Brothers who owned the retail chain Ben Franklin Stores. On May 9, 1950, Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton's 5 & 10." He opened the first Walmart store in 1962.

The Walmart corporate site notes that "Saving people money to help them live better was the goal that Sam Walton envisioned when he opened the doors to the first Walmart more than 40 years ago." His idea was that if he could sell a million small items and make a dime on each, he'd have a good business.

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14y ago

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