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Walmart Facts

Walmart Facts
Walmart is an American chain of retail department, and grocery stores, known for being the largest company in the world by revenue. It is also the world's largest private employer with approximately 2.2 million employees. Walmart is a family owned business that was founded in 1962 by Sam Walton in Rogers, Arkansas. Sam Walton was a businessman and former employee at J.C. Penney who purchased a Ben Franklin Store in 1945 from the Butler Brothers. He increased the sales by 45% in the first year by offering lower prices on products that he purchased from lower cost suppliers. On July 2nd, 1962 Sam Walton opened the first Walmart Discount City store.
Interesting Walmart Facts:
Within five years of the first Walmart opening in Arkansas it expanded to 24 stores in the state and sales reaches $12.6 million.
Walmart was incorporated as Wal-Mart Stores, Inc. in 1969.
Walmart was listed on the New York Stock Exchange in 1970.
By 1975 there were 125 stores with sales of $340 million.
By 1987, Walmart's 25th anniversary, there were 1,198 stores and $15.9 billion in sales.
The first Walmart Supercenter opened in 1988 in Missouri.
Walmart's revenue in 2014 was $476 billion. This equalled more revenue than the combined revenues of Walt Disney Co., Macy's, Coca-Cola, Amazon, Target, AND Apple.
The net profit of Walmart in 2014 was $16 billion, which was equal to the gross revenue of the Gap, Banana Republic, and Old Navy around the world.
Of the 10 richest people in the United States, four of them are Waltons. Each of these Walton family members are worth more than $30 billion EACH.
The world's richest woman is Christy Walton, the widow of Sam Walton's son. The other three children of Sam Walton include Jim, Alice, and Rob Walton.
It is estimated that approximately 18% of the food stamps used in the United States are spent at Walmart. This equals approximately $13 billion. Walmart employees often have to use food stamps as well, to make ends meet on their reportedly low wages.
Approximately 44% of the population in the United States shop at Walmart each year.
In the United States there are more than 4,230 stores and there are more than 6,100 stores located internationally.
Walmart stores located internationally do not always use the name Walmart. Approximately 90% or more of the stores go by other names such as Todo Dia, Trust-Mart Hypermart, or Bodega Aurrera.
When Walmart holds its annual shareholder meeting it also has entertainment. Guests of Walmart have included Miley Cyrus, Aerosmith, Justin Timberlake, and Taylor Swift.
A CEO at Walmart makes approximately 1,034 times more money than an average Walmart employee.
It is estimated that the WAlmart stock owned by the Waltons would fill a big backyard pool with gold if it were translated from dollars to gold.
In respect to charities and giving back, the Walton family is worth as much as Bill Gates and Warren Buffet combined. The Walton family gives about 2% of its wealth to charity and other causes while Warren Buffet gives 78% of his net worth and Bill Gates gives 48% of his net worth.


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