Walmart Stores – Company History
Founded in 1962, Walmart is an American retail chain that has wielded significant influence in the way consumers purchased goods around the world over the past 55 years. Wal-Mart founder Sam Walton led the retail transition from specialty stores to what we now know as the department store with a wide variety of items offered at a lower price point.
Walmart stands as not only the world’s most successful retail operation but also as the most successful commercial enterprise by almost any measurable standard. The Forbes Global 500 list ranked Wal-Mart as the world’s largest company by revenue at $500 billion. It also stands as the world’s largest single employer with more than 2.3 million employees who can be found in 11,277 stores in 28 different countries.
In 1998, Walmart transitioned into the food sector where it sought to take on the major grocery chains. By the end of 2016, Walmart had earned the title of the largest grocery retailer in the U.S. Although Walmart is not known for e-commerce, it is a major player in that area. At the end of fiscal year 2016, Walmart had earned more than $13.7 billion from online sales.
- Family name: Walton
- Sector: Consumer Products & Retail
- Founded: 1962
- Founder: Sam Walton
- Country: USA
- Company headquarters:
- Managers:
- Revenue: US $ 485.7 billions
- Rankings:
- Family ownership: 50.9%
- Number of family members:
- Business data:
- Employees: 2,200,000
- Website: www.walmart.com
