Walmart Employees, CEO Take Note Of Sam Walton’s Legacy

You’re going to make me emotional,” Walmart CEO Doug McMillon said before pausing a few seconds to gather his voice and his thoughts to answer the reporter’s question: What’s your favorite Sam Walton memory?

Walmart co-founder Sam Walton would have been 100 years old March 29. The 2018 shareholders week included a centennial celebration of the retail legend’s life. Walton was 32-years-old when he moved his family to Bentonville and opened the original Five and Dime store on the town square on May 9, 1950.

Over the next four decades he would build the nation’s largest retail enterprise. David Glass, now the owner of the Kansas City Royals, became Walmart CEO in 1988 and worked with Walton who served as chairman until his death in April 1992. Glass recently told Talk Business & Politics Walton was “obsessed with customers” and the best ideas came from within the company’s workforce. He said Walton was a listener and a perpetual student of retail, always mining the best practices of all competitors. He was also willing to react to what customers wanted.    MORE

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