The original company wide slogan was always low prices. Ly grigan pushed it even farther, and they got away with it for five or six years. The government had a little something to say about thatye. So by year five of the newport store, he's doing a quarter million dollars, 250 thousand in sales, at a 30 to forty thousand dollar annual profit. He's making very, very real profits on this little store thathe's got.
We kick off Season 11 with the incredible story of the retail “granddaddy of them all” Walmart, and its founder Sam Walton. Once you study Walmart, you realize just how deep its heritage runs through Amazon and so many iconic modern companies we cover on Acquired. This episode was an absolute blast, and we even uncovered a new addendum to the hallowed “focus on what makes your beer taste better” playbook theme!
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