WalMart

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Founded by Sam Walton in 1962, Walmart has grown to become the world's largest company by revenue, with over $500 billion in annual revenue. It is also the largest private employer in the world with 2.2 million employees.

Industry

Retail

Company Size

With a workforce exceeding 2,300,000 employees, the company boasts a vast talent pool.

Product, Services and Operations

Walmart operates a chain of hypermarkets, discount department stores, and grocery stores. It sells a variety of goods, including clothing, electronics, home goods, and groceries. It also offers services like pharmacies, auto care centers, and financial services.

Funding Details

As a publicly-traded company, Walmart's funding comes from its shareholders. As of 2021, its market capitalization is over $400 billion.

Acquisitions

Notable acquisitions include Jet.com for $3.3 billion in 2016, and a majority stake in Flipkart for $16 billion in 2018.

Awards and Achievements

Walmart has received numerous awards and recognitions, including ranking 1st on the Fortune 500 list multiple times. It has also been recognized for its sustainability initiatives, including being named to the Dow Jones Sustainability North America Index in 2020.

Revenue

In the fiscal year ended January 31, 2023, Walmart's revenue amounted to approximately US $611 billion worldwide.