Retail Section
Wal-Mart
Head office: USA
Wal-Mart is an irresistible (or at least unavoidable) retail force that has yet to meet any immovable objects. The first Wal-Mart store was opened in 1962.
Today Wal-Mart is bigger than Europe's Carrefour, Tesco, and Metro AG combined, it is the world's number 1 retailer, with about 6,775 stores, including some 1,075 discount stores, 2,250 combination discount and grocery stores (Wal-Mart Supercenters in the US and ASDA in the UK), and 580 warehouse stores (SAM'S CLUB). About 60% of its stores are in the US, but Wal-Mart is expanding internationally; it is the number 1 retailer in Canada and Mexico. It owns a majority stake in Japanese retailer SEIYU. Wal-Mart also has operations in Asia, Europe, and South America, serving more than 176 million customers around the globe each week. Founder Sam Walton's heirs own about 40% of Wal-Mart.
In fiscal year 2007, which ended in January, total sales of Wal-Mart amounted for US $ 348.6 (EUR 270) billion.
Website: www.walmart.com
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