Wal-Mart Stores. Inc. branded as Walmart. is an American transnational retail corporation that runs ironss of big price reduction section shops and warehouse shops. The company is the world’s 3rd largest public corporation. harmonizing to the Fortune Global 500 list in 2012. the biggest private employer in the universe with over two million employees. and is the largest retail merchant in the universe. Walmart remains a family-owned concern. as the company is controlled by the Walton household. who own a 48 per centum interest in Walmart. It is besides one of the world’s most valuable companies. The company was founded by Sam Walton in 1962. incorporated on October 31. 1969. and publically traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville. Arkansas.
Walmart is besides the largest food market retail merchant in the United States. In 2009. it generated 51 per centum of its US $ 258 billion gross revenues in the U. S. from food market concern. It besides owns and operates the Sam’s Club retail warehouses in North America. Walmart has 8. 500 shops in 15 states. under 55 different names. The company operates under the Walmart name in the United States. including the 50 provinces and Puerto Rico. It operates in Mexico as Walmex. in the United Kingdom as Asda. in Japan as Seiyu. and in India as Best Price. It has entirely owned operations in Argentina. Brazil. and Canada. Wal-Mart’s investings outside North America have had mixed consequences: its operations in the United Kingdom. South America and China are extremely successful. whereas ventures in Germany and South Korea were unsuccessful.