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Sam Walton, the founder of Wal-Mart. In all the winnowing of billionaires revealed this week - the credit crunch has wiped $2tn (Â£1.4tn) off their combined worth, and 30% are no longer billionaires at all - one thing stands out: retail is a good place to be.
In its first 25 years, Walmart became the world's biggest general merchandise retailer. But Sam Walton wanted to be a grocer as well. A lot of people said that was crazy, says Joel Anderson, the CEO of Walmart.com U.S. who joined the company in 2007.Twenty-five years ago, we couldn't even spell grocery.n its first 25 years, Walmart became the world's biggest general merchandise retailer. But Sam Walton wanted to be a grocer as well. A lot of people said that was crazy, says Joel Anderson, the CEO of Walmart.com U.S. who joined the company in 2007.