Walmart
Walmart is the world’s largest company by revenue, with US$514. 405 billion in 2019. It is also the largest private employer in the world with 2.2 million employees. It has wholly owned operations in Argentina, Chile, Canada, and South Africa. Walmart’s investments outside the U.S. and Canada have seen mixed results.
About Walmart in brief
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. The company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of October 31, 2020, Walmart has 11,510 stores and clubs in 27 countries, operating under 56 different names. Walmart is the world’s largest company by revenue, with US$514. 405 billion, according to the Fortune Global 500 list in 2019. It is also the largest private employer in the world with 2.2 million employees. It has wholly owned operations in Argentina, Chile, Canada, and South Africa. Since August 2018, Walmart holds only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company’s shares, and private equity firm Advent International holding 80 percent ownership. Walmart’s investments outside the U.S. and Canada have seen mixed results. Its operations and subsidiaries in Canada, the United Kingdom, Central America, South America, and China are highly successful, but its ventures failed in Germany and South Korea. Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart’s US$510. 329 billion sales came from U. S. operations. It was listed on the New York Stock Exchange in 1972. It changed its name to Wal-Mart, Inc. in 1969, and its its name was changed to Walmart Stores, Inc in 1970.
By 1988, it was the most profitable retailer in the United States, and it had become the largest in terms of revenue by October 1989. By this time, Walmart was operating in five states: Arkansas, Kansas, Louisiana, Missouri, Oklahoma, and Kentucky. It entered into Texas in 1975, and moved into Tennessee and Kentucky in 1974. It began trading as a publicly held company on October 1, 1970, and was soon listed on New York City Stock Exchange on May 1, 1971. The first stock split occurred in May 1971 at a price of USD 47 per share per share. Walmart opened its first stores outside Arkansas in 1968, in Sikeston, Missouri and Claremore, Missouri. It opened a store in York, Pennsylvania, in October 1990, the first main store in the Northeast. It also owns and operates Sam’s Club retail warehouses in New Jersey, California, and New York. It had 38,500, operating with 1,500 employees and sales of USD 44,500 million in 2013. It operates under the name Walmart in the US and Canada, as Walmart de México y Centroamérica in Mexico, as Asda in the UK, as the Seiyu Group in Japan, and as Flipkart Wholesale in India. The Walmart Museum in Bentonville, Arkansas, is now the Walmart Museum. The store is now occupied by a hardware store and an antiques mall, while the Walmart Supercenter has since expanded to a Supercenter several blocks west at 2110 W. Walnut Street.
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This page is based on the article Walmart published in Wikipedia (as of Dec. 08, 2020) and was automatically summarized using artificial intelligence.
