Walmart, formerly known as Wal-Mart Stores, is an American discount store chain.🏬
It is also the largest discount retailer in the world🗺 and is also among the biggest global companies.
Its headquarters🏢 are at Bentonville, Arkansas. USA.
History
Wal-Mart was founded by Sam Walton in 1962.
The company started its operations in rural towns. Within a decade, it became one of the largest grocers🧴 in the U.S.
Expanded Abroad
Walmart moved⏩ into international markets in 1991 by opening a store in Mexico.
It then started its operations💱 in countries such as Canada, U.K, Germany and China either by opening its own stores or the acquiring their established retailers.
In 1999 Walmart become the world’s largest private employer.😇
In 2001 its total sales surpassed📈 those of Exxon Mobil, making it the world’s largest company at the time.
Not without controversies
Walmart has been regularly criticized🗣 for forcing smaller ‘mom and pop’ stores, out of business with its extremely low prices🤑.
It is also accused of paying low wages😈 to its workers.
Mighty impressive Figures
Walmart’s FY 2018🗓 revenue was $500.3 billion.
Each week over 26 crore customers visit its stores across the world.
In 2018, it acquired Flipkart, India’s🇮🇳 leading e-commerce company for nearly $20 billion.
The company employs over 22 lakh people👨🦰 worldwide.