Walmart is an American retail department and grocery store chain that is the world’s largest company by revenue. With approximately 2.2 million employees, it is also the world’s largest private employer. Walmart is a family-owned corporation founded in 1962 in Rogers, Arkansas by Sam Walton. Sam Walton was a businessman and a former J.C. In 1945, Penney purchased a Ben Franklin Store from the Butler Brothers. In the first year, he increased sales by 45 percent by offering lower prices on products purchased from lower-cost suppliers. Sam Walton opened the first Walmart Discount City store on July 2, 1962.
Within five years of the first Walmart opening in Arkansas, the company had expanded to 24 stores across the state, with sales totaling $12.6 million.
Walmart was founded in 1969 as Wal-Mart Stores, Inc.
In 1970, Walmart was listed on the New York Stock Exchange.
By 1975, there were 125 stores with $340 million in sales.
By 1987, when Walmart celebrated its 25th anniversary, it had 1,198 stores and $15.9 billion in sales.
The first Walmart Supercenter opened in Missouri in 1988.
In 2014, Walmart’s revenue was $476 billion. This was more revenue than Walt Disney Company, Macy’s, Coca-Cola, Amazon, Target, and Apple combined.
Walmart’s net profit in 2014 was $16 billion, which was equal to the global gross revenue of Gap, Banana Republic, and Old Navy combined.
Four of the top ten wealthiest people in the United States are Waltons. Each member of the Walton family is worth more than $30 billion.
Christy Walton, the widow of Sam Walton’s son, is the world’s richest woman. Jim, Alice, and Rob Walton are Sam Walton’s other three children.
Walmart is estimated to account for approximately 18% of all food stamps used in the United States. This equates to about $13 billion. To make ends meet on their allegedly low wages, Walmart employees frequently have to rely on food stamps.
Approximately 44% of the population in the United States shop at Walmart each year.
There are more than 4,230 stores in the United States, and there are more than 6,100 stores worldwide.
International Walmart locations do not always use the name Walmart. Approximately 90% of the stores are known by other names, such as Todo Dia, Trust-Mart Hypermart, or Bodega Aurrera.
When Walmart holds its annual shareholder meeting, there is also entertainment. Miley Cyrus, Aerosmith, Justin Timberlake, and Taylor Swift have all visited Walmart.
A Walmart CEO earns approximately 1,034 times more than the average Walmart employee.
It is estimated that the Waltons’ WAlmart stock would fill a large backyard pool with gold if converted from dollars to gold.
In terms of charitable giving, the Walton family is worth more than Bill Gates and Warren Buffet combined.
The Walton family donates about 2% of its wealth to charity and other causes, whereas Warren Buffet donates 78% of his net worth and Bill Gates donates 48% of his net worth.
