The history of Walmart: How one man built a retail empire [Video]

Perhaps the best known and most successful big-box store chain in the world, Walmart’s 62-year history has been marked by explosive growth fueled by thrifty, innovative business practices.

After its first location was opened in 1962 by Sam Walton in Rogers, Arkansas, Walmart seemingly became an overnight sensation in the world of discount retail. 

Decade after decade, the chain began turning over millions – and soon, billions – in revenue each year, entering the 21st century as one of the largest brands in both the U.S. and around the world.

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Here is a closer look at how it all happened. 

Sam Walton

Walton was born in Kingfisher, Oklahoma, in 1918, and he spent most of his childhood and adolescence in Columbia, Missouri. Walton, a Reserve Officers’ Training Corps cadet, attended the University of Missouri, graduating in 1940 with his bachelor’s degree in economics.

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