Walmart

Walmart   (Retail corporation)
Formation	1962
Founder	Sam Walton
Headquarters	Bentonville, Arkansas
Owners	Walton family
Member of	Business Roundtable, Council on Foreign Relations/Corporate Members

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States. The company was founded by Sam Walton in 1962. Walmart has 10,526 stores and clubs in 24 countries, operating under 48 different names. Its operations and subsidiaries in Canada, the United Kingdom, Central America, South America, and China are highly successful, but its ventures failed in Germany and South Korea.

Revenue/Ownership

Walmart is the world's largest company by revenue, with US$548.743 billion, according to the Fortune Global 500 list in 2020. It is also the largest private employer in the world with 2.2 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.

Destruction of sacred sites

Walmart constructed several markets on Native American burial grounds and sacred sites in the 1990s, along with other offending projects in Mexico and Hawaii in the 2000s.

Closures in 2015

The Walmart in Grundy, Virginia. A site that was constructed after removing part of a mountain.

A high number of Walmarts in the US closed in 2015 leading to speculation about the official version for these closures.

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