Which retailer was founded by Sam Walton in 1962?

Walmart was founded by Sam Walton in 1962.

Walton opened the first Walmart store in Rogers, Arkansas, on July 2, 1962. His strategy centered on low prices, efficient distribution and stores serving smaller communities that were often overlooked by major retailers.

The company expanded from discount stores into supercenters, warehouse clubs through Sam’s Club, and online commerce. Walmart became one of the world’s largest companies by revenue and a major publicly traded business by market capitalization.

Walmart is sometimes confused with Sam’s Club, but Sam’s Club is a membership warehouse division owned by Walmart. The company’s stock is listed on the New York Stock Exchange under the symbol WMT.