Wal-Mart is an American worldwide retail corporation that works a chain of hypermarkets, grocery stores, and department stores. This company was established by Sam Walton in 1962. The company’s initial name at the start was “Walton’s” but it was finally changed to “Walmart” in 1969. Right now it’s known as “Wal-Mart Stores, Inc”.
The headquarters of Walmart is situated in Bentonville, Arkansas, USA. It’s the world’s biggest retail company which sells nearly everything from electronic items to clothing, you can discover anything at this place. Most of its stores are situated in the USA but it can be found worldwide.
It started as a very small store in Rogers, Arkansas but now it has gotten so enormous. It is the most profitable company in the world. Walmart was the biggest grocery retailer in 2019 in the USA. By the statistics calculated in 2020, Wal-Mart has the world’s largest revenue and that is 523.964 billion dollars. This is incredible. It has created history with so much money. The Walton family keeps on being the proprietor of this MNC and they own over 50 percent of Wal-Mart.
Apart from this, Walmart also has the most employees in the world. It has over 2.2 million employees worldwide and 1.5 million employees in the USA alone. This fundamentally implies that ⅓ of the populace of the US is working at Walmart. The launch of Walmart stores worldwide had blended results. In certain nations, for instance, Canada, the United Kingdom, China had enormous achievements yet in different nations like South Korea and Germany saw bombed results.
Walmart has made shopping even easier by propelling their own website and app so shoppers can just order online anything at any time. Like any other MNC, Walmart had their fair share of failures however that didn’t prevent it from being the world’s number one.