Sam Walton

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Sam Walton (1918-1992)founded Walmart and Sam’s Club.  He opened the first Wal-Mart Discount City in 1962 after having several franchise Ben Franklin stores. His main effort was to market American made products. Although after his death, this practice was not continued. He placed his stores close to distribution centers, thereby having stores in multiple areas, not just in major cities.
He was listed as the richest man in the US from 1982 to 1988. Walmart and Sam’s Club stores operate in the US and in 15 other countries including, Canada, Japan, Mexico, and the UK.

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Word Lists:

Store : a retail establishment selling items to the public

Franchise : an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products

Thereby : by that means; as a result of that

Distribution : the action of sharing something out among a number of recipients

Multiple : having or involving several parts, elements, or members

Product : an article or substance that is manufactured or refined for sale

Area : a region or part of a town, a country, or the world

Major : important, serious, or significant

Operate : (of a person) control the functioning of (a machine, process, or system)

Center : the middle point of a circle or sphere, equidistant from every point on the circumference or surface.

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Rating: A

Words: 95

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