Walmarts Net Worth is$446.95 Billion
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Nicknames: Walmart, Wal-Mart Stores Inc, Walmart Stores
What is Walmarts net worth? Walmarts net worth is $446.950 billion. Sam Walton began his retail career with a plan. After working for J.C. Penney for a year and a half in the early 40s, he took over management of a Ben Franklin general store in Newport, Arkansas. His store was incredibly successful, and he subsequently opened his own shop, called Waltons Five and Dime. In 1962, he opened Walmart Discount City, and by 1967, one Walmart had expanded to twenty-four. The rest, as they say, is history. Walmart expanded rapidly, especially during the 80s and 90s, where it came under fire for virtually obliterating local business in many small towns around the US. It also expanded into Canada and Mexico, and opened its first Walmart Supercenter in Missouri, in 1988. Walmarts toy department began outselling Toys R Us in the late 90s, and the company expanded further, opening outlets in the UK, Brazil, Japan, India and Argentina, among other countries. The Walmart Corporation also owns the Sams Club chain of membership stores. More than half of Walmarts total sales are grocery items, rather than clothes, toys, or electronics. As of 2012, there are 8,500 Walmart stores spread out over 15 countries. The store has a one, or more, branches in every state and Puerto Rico, and currently employs 2.2 million people. The company is still owned by the Walton family.
Wal-Mart Stores, Inc. (NYSE: WMT), branded as Walmart since 2008 and Wal*Mart before then, is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000 list, and the largest public corporation when ranked by revenue. It is also the biggest private employer in the world with over two million employees, and is the largest retailer in the world. Walmart remains a family-owned business, as the company is controlled by the Walton family who own a 48% stake in Walmart.
The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Walmart is also the largest grocery retailer in the United States. In 2009, it generated 51% of its US$258 billion sales in the U.S. from grocery business. It also owns and operates the Sam's Club retail warehouses in North America.
Walmart has 8,500 stores in 15 countries, under 55 different names. The company operates under the Walmart name in the United States, including the 50 states 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 wholly owned operations in Argentina, Brazil, and Canada. Walmart's investments outside North America have had mixed results: its operations in the United Kingdom, South America and China are highly successful, whereas ventures in Germany and South Korea were unsuccessful.
Sam Walton, a businessman from Arkansas, began his retail career when he started work on June 3, 1940, at a J. C. Penney store in Des Moines, Iowa where he remained for 18 months. In 1945, he met Butler Brothers, a regional retailer that owned a chain of variety stores called Ben Franklin and that offered him one in Newport, Arkansas.
Walton was extremely successfu

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Walmarts Latest News

Manitoba Walmart Locations No Longer Accepting VISA

If you’ve got some holiday shopping to do at Walmart, you’ll have to make sure you’re not planning to pay with VISA. Walmart stores in Manitoba have officially stopped accepting VISA as of Monday, October 24, 2016. The company cited ‘unacceptable ...
Posted: October 24, 2016, 6:00 am

Walmart expanding service for online grocery orders

Walmart today is expanding its online grocery ordering with at-store pickup to two additional locations: the Supercenters at 12000 Iron Bridge Road and at 12200 Chattanooga Plaza, both in Chesterfield County. The service is already available at Walmart ...
Posted: October 23, 2016, 8:33 pm

Walmart Steps Up China Grocery Drive With New Investment

The growing alliance between global retailing titan Walmart and Chinese e-commerce giant is taking yet another step forward, with word that the former is making another new investment in the latter in the hotly contested online grocery space.
Posted: October 24, 2016, 6:05 am
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