Top 50 largest companies in the world 2022 (P.23) Walmart: World’s largest retailer


( Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas.

The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962. Walmart was listed on the New York Stock Exchange in 1972. By 1988, it was the most profitable retailer in the U.S., and it had become the largest in terms of revenue by October 1989.

Walmart is the world's largest company by revenue, with about US$570 billion in annual revenue, according to the Fortune Global 500 list in May 2022. 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.

The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club.

As of April 30, 2022, there are a total of 4,735 Walmart U.S. stores. In the United States, 90 percent of the population resides within 10 miles of a Walmart store. Walmart's international operations comprised 5,250 stores and 800,000 workers in 23 countries outside the United States. There are wholly owned operations in Argentina, Brazil, Canada, and the UK.

In the 2022 Forbes Global 2000, Walmart was ranked as the 23rd largest public company in the world.

According to Wikipedia; Forbes

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