The Economist (US), July 4th, 1992
SAM WALTON: MADE IN AMERICA. By Sam Walton with John Huey. Doubleday; 269 pages; $22.50
AS LEGACIES go, Sam Walton's was vast. When he died in April, aged 74, Walton left behind him the world's biggest retail chain, with sales of $44 billion in 1991. Each week 40m shoppers pass through its 1,750 or so stores; each year they buy 280m or so pairs of socks. Suppliers tremble at the thought that Wal-Mart might drop them: Procter & Gamble, for instance, sells more to Wal-Mart than to Japan.
The store has brought the Walton family great riches. Estimates put its fortune, which includes 38% of Wa...
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