Wal-Mart Stores

By: EconomyWatch   Date: 17 July 2010

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EconomyWatch

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Wal-Mart Stores was placed in 16th position in 2008 Forbes Global 2000 list. It is a major public corporation in United States of America. It operates a group of big departmental stores and discount stores.
Wal-Mart Stores is regarded as biggest public corporation of world as per revenue by 2008 Fortune Global 500 list. It has business operations in Mexico and Japan besides United States of America.

Brief history
Wal-Mart Stores was established in 1962 by Sam Walton. It was registered as a corporation on October 31, 1969. It became listed on New York Stock Exchange in 1972.

Products and services
There are several categories in which Wal-Mart Stores offers its products and services like apparel and jewelry, movies, music and books, pharmacy products, electronics, sports and fitness products, gifts, toys, grocery, and video games.

In apparels section, Wal-Mart Stores offers clothes for baby, men, boys and girls. It also offers shoes and accessories, maternity wear and women's plus sized dresses. In jewelry section, Wal-Mart Stores provides bracelets, personalized jewelry, earrings, rings, watches, jewelry cases, wedding pendants and necklaces.

In shoes and accessories section, major products include backpacks, women's shoes and handbags. Major segments in baby section include baby furniture and toys.

Financials
In 2007, sales of Wal-Mart Stores amounted to around $378.80 billion and it earned profits worth nearly $12.73 billion. Value of assets held by Wal-Mart Stores was about $163.38 billion and its market value stood at around $198.60 billion.

Awards and recognition
In 2007, Wal-Mart Stores was conferred honor of "No. 1 Most Generous Company Overall" by Forbes magazine. It also received Evangeline Booth Award for excellence in corporate philanthropy. It also received “The Fisher House Patriot Award” and Boys & Girls Club Chairman’s Award.

Current financial crisis
Wal-Mart Stores have not been affected by ongoing global financial crisis. It is carrying on with its expansion activities in Mexico as well as other markets where United States companies do business.



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