Walmart Inc. is one of the largest retail corporations on the entire planet. Based in Bentonville, Arkansas, this multinational corporate giant operates a large chain of discount department stores that are based around offering the best price to their customers for a variety of goods. Walmart stores sell everything from groceries to musical instruments. This business (founded by Sam Walton in 1962) has grown to have a significant presence worldwide. They own approximately 11,700 stores and operate under 59 different names in 28 different countries. For example, Walmart operates as Best Price in India, Asda in the United Kingdom, and Seiyu Group in Japan.
Walmart was run by founder Sam Walton until his death in 1992. Ownership then passed on to his heirs, who hold 51% of the company – making Walmart Inc. a publicly-traded family-owned company. Incidentally, the Waltons are also the richest family in the world, with billions and billions of dollars in combined net worth. This enormous firm holds a significant amount of influence over the world we live in today. Thus, it is important to have a good understanding of how they operate (alongside the operations of similar megacorporations). If you need to learn some more about this firm, read on to learn about 20 Things You Didn’t Know About Walmart.