Business Movers Sam Walton: Building a Walmart World | Planes, Trains, and Discounts | 1
Mar 23, 2023
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Lease Loss
- Sam Walton lost his first store in Newport due to a lease oversight with landlord P.K. Holmes.
- Holmes wanted his son, a war hero, to take over the store, forcing Walton out.
Bentonville Restart
- After losing his store, Walton relocated his family to Bentonville and started over.
- He persevered, drawing on past experiences of overcoming obstacles.
Self-Service Innovation
- Walton traveled to Minnesota to study a new 'self-service' retail model.
- He implemented this concept in his Bentonville store, leading to its early success.