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1950s

Boom Times

1950

Starting on a Dime

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1950

16-year-old Troy Almand was Walton 5&10’s first male clerk. During the spring of 1950, he helped the Walton family stock shelves and set the store for its grand opening.

1950

Sam and Helen Walton and their children move to Bentonville, Arkansas. Sam opens Walton's 5&10, a Ben Franklin franchise, on May 9.

1951

After extensive remodeling, Walton’s 5&10 has its official grand reopening on March 15. During its first year of operation, the store has sales of $75,000.

1952

Sam Walton opens a second variety store, in Fayetteville, Arkansas. Willard Walker joins the company to manage the store.

Walton Store Floor Tiles

Our earliest example of Every Day Low Cost (EDLC). Sam saved when he accepted a slightly mismatched batch of tiles at a lower cost.

1953

Sam buys his first plane, an Ercoupe Model 415-C.

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1954

Sam and Bud Walton open a Ben Franklin variety store in Ruskin Heights, a subdivision in Kansas City, Missouri.

1955

Bob Bogle is hired as the first manager of Walton's 5&10 in Bentonville, freeing Sam to focus on expansion.

Little Known Sparks

What does EDLP mean?

Every Day Low Prices. It's how Walmart prices items it sells all over the world: low prices every day, on every product.

1955

Charlie Baum joins the company, taking over Willard Walker's role as manager of the Fayetteville store.

1957

The Ben Franklin store in Ruskin Heights is leveled by a tornado.

By the Numbers

By the end of the 1950s, Sam Walton has eight Ben Franklin stores, ringing up approximately $1.4 million in annual sales.