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Wal-Mart Stores, Inc.
Trading name Walmart
Type Public
Traded as
Industry Retail
When it was created July 2, 1962; 55 years ago (1962-07-02)
Rogers, Arkansas, U.S.
People who started it Sam Walton
Headquarters Bentonville, Arkansas, U.S.
Number of locations 11,695 stores worldwide(January 31, 2017)[1][2]
Area served Worldwide
Key people
Things made
  • Electronics
  • movies and music
  • home and furniture
  • home improvement
  • clothing
  • footwear
  • jewelry
  • toys
  • health and beauty
  • pet supplies
  • sporting goods and fitness
  • auto
  • photo finishing
  • craft supplies
  • party supplies
  • grocery
Money earned Increase US$485.87 billion (2016)[3]
Operating income Decrease US$22.76 billion (2016)[3]
Net income Decrease US$13.64 billion (2016)[3]
Total assets Decrease US$198.82 billion (2016)[3]
Total equity Decrease US$77.79 billion (2016)[3]
Owner(s) Walton family (51%)
  • 2.3 million, Worldwide (2016)
  • 1.4 million, U.S. (2016)[4]
  • Walmart U.S.
  • Walmart International
  • Sam's Club
  • Global eCommerce
References: [5][6][7]

Wal-Mart Stores, Inc.[8] (/ˈwɔːlmɑːrt/), doing business as Walmart, is an American multinational retailing corporation that operates as a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of January 31, 2017, Walmart has 11,695 stores and clubs in 28 countries, under a total of 63 banners.[1][2][9] The company operates under the name Walmart in the United States and Canada. It operates as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Brazil, and Canada. It also owns and operates the Sam's Club retail warehouses.[10][11]

Walmart is the world's largest company by revenue – approximately $480 billion according to the Fortune Global 500 list in 2016 – as well as the largest private employer in the world with 2.3 million employees. It is a family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through their holding company, Walton Enterprises, and through their individual holdings.[12] Walmart is also one of the world's most valuable companies by market value,[13] and is also the largest grocery retailer in the U.S. In 2016, 62.3 percent of Walmart's US$478.614 billion sales came from its U.S. operations.[14]

The company was listed on the New York Stock Exchange in 1972. By 1988, Walmart was the most profitable retailer in the U.S.,[15] and by October 1989, it had become the largest in terms of revenue.[16] Geographically limited to the South and lower Midwest up to the mid-1980s, by the early-1990s, the company's presence spanned from coast to coastTemplate:NsmdnsSam's Club opened in New Jersey in November 1989 and the first California outlet opened in Lancaster in July 1990. A Walmart in York, Pennsylvania opened in October 1990, bringing the main store to the Northeast.[17]

Walmart's investments outside North America have seen mixed results: its operations in the United Kingdom, South America, and China are highly successful, whereas ventures in Germany and South Korea failed.

Wal-Mart Stores, Inc.
Type Discount department store/Public (NYSEWMT)
Industry Retail
When it was created Rogers, Arkansas (1962)
Headquarters Bentonville, Arkansas, USA
Key people Sam Walton (1918–1992), Founder
H. Lee Scott, CEO
S. Robson Walton, Chairman
Thomas Schoewe, CFO
Things made Discount stores, grocery stores, and hypermarkets
Money earned Green Arrow Up Darker.svg$315.654 billion USD (2006)
Net income Green Arrow Up Darker.svg$11.231 billion USD (2006)
Employees 1.6 Million (2006)

Walmart (NYSEWMT) is a company founded by Sam Walton in 1962. It is one of the world's largest companies, behind Exxon Mobil. Wal-Mart stores are large department stores that sell many different things. There are more than 8,000 Wal-Mart stores around the world, and over 2 million people work for Wal-Mart.[18]

Places Walmart can be found[change | change source]

A diagram of where Walmart can be found around the world. The countries in blue currently have Walmart; the countries in red formerly had Walmart; the countries in grey never had Walmart.
Walmart in Canada

Walmart can be found in a lot of places around the world. It is mostly found around the United States but can also be found in Canada, Mexico, United Kingdom, some Asian countries, some African countries and some South American countries. Walmart has not yet reached Oceania.

Criticism[change | change source]

Walmart is criticized for having a poor record on labor rights, especially regarding anti-union activity. It has also been criticized for once promoting "made in America" for its products but now largely importing the products it sells, from developing nations. Many of these jobs replaced manufacturing jobs in the U.S. along with the fact that Walmart retail jobs replaced many "mom and pop" stores in the U.S.[19] In 2005, movie director Robert Greenwald made a documentary movie called Wal-Mart: The High Cost of Low Price that criticized Walmart. After this movie was announced, director Ron Galloway made a film that ended up being released at the same time called Why Wal-Mart Works; and Why That Drives Some People C-R-A-Z-Y. This movie had a positive view of Walmart.[20]

References[change | change source]

  1. 1.0 1.1 "Information for Walmart Investors: Unit Counts & Square Footage". Retrieved February 21, 2017. 
  2. 2.0 2.1 "Unit Counts by Country January 31, 2017" (PDF). Retrieved February 21, 2017. 
  3. 3.0 3.1 3.2 3.3 3.4 "Wal Mart Stores Inc 2017 Q4 Results" (XBRL). United States Securities and Exchange Commission. February 21, 2016. 
  4. "Walmart Locations Around the World – United States". 
  5. Cite error: Invalid <ref> tag; no text was provided for refs named Form10K.
  6. Cite error: Invalid <ref> tag; no text was provided for refs named OurBusiness.
  7. "Walmart Corporate: United Kingdom". Walmart. Retrieved January 19, 2014. 
  8. "Form 8K - Wal-Mart Stores, Inc". NASDAQ. June 20, 2016. Retrieved June 21, 2016. 
  9. "Walmart 2016 Annual Report" (PDF). (PDF). Walmart. p. 19. Retrieved May 9, 2016. 
  10. "Walmart 2015 Annual Report" (PDF). Walmart. p. 19. Retrieved October 6, 2015. 
  11. "Walmart Corporate: Locations". Walmart. Retrieved January 19, 2014. 
  12. "Share Ownership". Wal Mart 2013 Proxy statement. Retrieved April 10, 2014. 
  13. "Market Cap Rankings". Ycharts. Zacks Investment Research. April 8, 2012. Archived from the original on March 31, 2012. Retrieved April 9, 2012. 
  14. Cite error: Invalid <ref> tag; no text was provided for refs named 2016 Annual Report Page 20.
  15. Hayes, Thomas C. (February 28, 1990). "COMPANY NEWS; Wal-Mart Net Jumps By 31.8%". The New York Times. 
  16. 1990 Sales Lift Wal-mart Into Top Spot – Sun Sentinel. (February 15, 1991). Retrieved on December 6, 2013.
  17. Warner, Susan (October 1, 1990). "A New Battle On The Eastern Front Rivals Are Bracing As Wal-mart Today Opens The First Of Nine Stores Planned For Pennsylvania And New Jersey". Philadelphia Inquirer. Retrieved February 28, 2016. 
  19. Wal-Mart and Sweatshops
  20. Horsley, Scott (13 November 2005). "Documentaries Offer Two Views of Wal-Mart". NPR. Retrieved 15 March 2010.