Wal-Mart Stores, Inc. (NYSE: WMT), branded as Walmart since 2008 and Wal-Mart earlier than then, is an American public multinational company that runs chains of huge low cost department shops and warehouse shops. The corporate is the world’s 18th largest public company, in accordance with the Forbes Global 2000 checklist, and the most important public company when ranked by income. It is usually the most important non-public employer on this planet with over 2 million staff.
The corporate was based by Sam Walton in 1962, included on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It’s headquartered in Bentonville, Arkansas. Walmart can also be the most important grocery retailer in america. In 2009, it generated fifty one% of its US$258 billion gross sales within the U.S. from grocery enterprise. It additionally owns and operates the Sam’s Club retail warehouses in North America.
Walmart has 8,500 shops in 15 international locations, beneath fifty five completely different names. The corporate operates underneath its personal title in the US, together with the 50 states and Puerto Rico. It operates in Mexico as Walmex, in the UK as Asda, in Japan as Seiyu, and in India as Best Price. It has wholly owned operations in Argentina, Brazil, and Canada. Walmart’s investments exterior North America have had combined outcomes: its operations in the UK, South America and China are extremely profitable, whereas it was compelled to tug out of Germany and South Korea when ventures there have been unsuccessful.