I had to go to Walmart the other day. How depressing - everyone looked so sad! Do you go to Walmart?
I like Walmart, they also own Sam's club, which I like as well
Didn't know they owned Sam's Club - that's the discount place like Costco, right?
Yes, they actually are the 8th largest US retailer too, believe it or not
Wow, that's amazing. When did Walmart etc. start up?
It was founded in Sam Walton in 1962, and incorporated in 1969
Do the Walton family still own it? I've heard of them.
500 list in 2018. It is also the largest private employer in the world with 2.2million 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 their holding company Walton Enterprises and through their individual holdings. Walmart was the largest U.S. grocery retailer in 2019, and 65-percent of Walmart's sales came from U.S. operations.
Walmart was listed on the New York Stock Exchange in 1972. By 1988, it was the
hypermarket business model may be under threat from on-line shopping and the shift towards customization according to analysts like Sanjeev Sanyal, Deutsche Bank's Global Strategist. Sanyal has also argued that some developing countries such as India may even skip the hypermarket stage and directly go online.
Warehouse club.
Another category of stores sometimes included in the hypermarket category is the membership-based wholesale warehouse clubs that are popular in North America, pioneered by Fedco and today including Sam's Club, a division of Walmart; Costco, in