Trade Wal-Mart stock with binary options
Wall-Mart is an American multinational company, specialized in large retail, founded by Sam Walton in 1962. The company grew rapidly in Arkansas then all over the US market before going international in 1991. The brand is present in the UK under the name Asda and is also present in the Asian market.
Wall-Mart’s history: The company’s history stems back to 1944 when Sam Walton began his career in underwear sales. In September 1945, Sam Walton purchased a franchise in Newport, Arkansas, which was part of a regional retailer chain. This acquisition was a great success given that Walton increased annual sales from $80,000 USD to $225,000 USD in 1948. However, the lease was not renewed and at the end of 1950, Walton was forced to relocate. On May 9, 1950, Walton bought a store in Bentonville, Arkansas, and opened Walton’s 5 & 10. Later, the town of Ozark Mountain, with 2900 citizens, became Wal-Mart’s future headquarters.
A few figures: In 2013, with sales of $476 Billion, Wal-Mart is the largest company in the world in terms of sales. With 2.1 million employees working in more than 6100 supermarkets and hypermarkets (but also in subsidiaries), the group can claim the title of the largest company in the world in terms of employees. It’s the largest private employer in the US, with 1.2 million employees, called “associates”, but also that of Mexico’s under the name Walmex.
Today, Wal-Mart is the largest worldwide retail distribution group ahead of its competition Carrefour, with 3500 stores and 20% of the estimated market share. It is also the largest distributor of toys, with 45% of estimated market share, having surpassed Toys “R” Us in the end of the 1990s.
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