when did Wal-Mart aquire Sam's Club?

Answer 1

Well, most people who have responded to this question are totally wrong.

Walmart Stores Incorporated, also known as Wal*Mart, was founded by Sam Walton. Sam, and later his family, helped build the store from a single store into the world's largest company (by revenues). Wal*Mart, the corporation, founded Sam's Clubs to compete against the Big Box discounters like Costco and Priceclub that were eating into the company's business. Thus, the business was never acquired, but actually founded by Wal*Mart. The business was named after Sam Walton, but he does not "own" Sam's Club. Sam's Club is a 100% owned subsidiary of Wal*Mart. This makes it a "daughter", not a sister company. Wal*Mart is less than 40% owned by the Walton family, the rest being owned by institutional investors, private investors and management. The Walton family is undeniably still extremely influential given its position on the Board.

Goodness gracious, people. Just look at the annual report here:
http://media.corporate-ir.net/media_files/irol/11/112761/2006_annual_report.pdf

Owned by Sam Walton's estate?
You can see a roll-call of shareholders here:
http://finance.yahoo.com/q/mh?s=WMT

Answer 2

Sam's Club headquartered in Bentonville, Arkansas, along with Wal-Mart stores, was never not part of the Wal-Mart Stores Inc. family of stores. Sam's Club was founded in 1983, The first store was located in Midwest city, Oklahoma. The name Sam's Club was named after it's founder Sam Walton, also the founder of Wal-Mart Stores.

You may be thinking of Pace membership warehouses. They were acquired by Wal-Mart Stores Inc in 1993 and converted over into Sam's Clubs.

Sam Walton passed away in 1992. His family (children) now run the largest retail organization in the world, Wal-Mart Stores Inc.

Hope that answered your question and cleared up any confusion.

Answer 3

Sam's Club and Wal Mart are sister companies. They are both owned by a guy named Sam Walton.

Answer 4

Sam's Club is a part of Walmart. It's named after Walmart's founder, Sam Walton.

Answer 5

I don't think they acquired it. I think they just expanded. Walmart was started by Sam Walton, hence the name "Sams"

Answer 6

sam walton founded walmart AND sams club!!!!!

Answer 7

HELL WHEN THEY BOUGHT THE USA!!!! WHAT DONT THEY OWN?????? LOW PRICES ON PERSCRIPTIONS IS A LIE!!!!! MY FRIEND WITH CANCER GOT RIPPED OFF FOR $100.00 ON A SCRIPT FROM THEM, I HATE THAT STORE!!!! LOWER PRICES YEAH ON CRAP BUT THEY MAKE IT UP ON THE SICK WHO BELIEVE THERE GETTING THE BEST PRICE, THERE SO CALLED PRICE MATCHING POLICY FOR MEDS IS NOT EVEN IN WRITING, EACH STORE MAKES UP THERE OWN RULES AS THEY FEEL LIKE IT, IN TX. THIS IS A FACT!! THANKS FOR LETTING ME VENT!!!! I ALSO TURNED THEM INTO CHANNELL 4 BECKY OLIVER & SAUL GARZA!!! THATS Y THEY OWN EVERYTHING NOT JUST SAMS CK. THEM OUT. HAPPY NEW YEAR!!