Rank: 1 Fortune 500, 2014
Previous rank: 2, Fortune 500, 2013
CEO: Michael T. Duke
Wal-Mart reclaimed the top spot in the Fortune 500 in 2012 after slipping to No. 2 last year.
The retailer’s refocus on low prices continued to attract frugal shoppers into the discounter’s U.S. stores.
For fiscal year 2012, sales rose 5.9%, to $443.9 billion. Despite relatively strong sales, Wal-Mart must hold onto its U.S. shoppers, which make up 62% of the chain’s net sales.
Beyond the U.S., Wal-Mart continues to investigate allegations that executives in Mexico paid more than $24 million in bribes to speed the retailer’s expansion there. The probe has widened to Brazil, India and China.
702 S.W. Eighth St.
Bentonville, AR. 72716
What people around the world think of Wal-Mart Stores?
- Some people actually prefer this. I love that I can go into walmart and not have a pushy sales person hovering over me.- Ryan P
- The Walton family is now worth over 115 billion collectively. Their profits come at an unbelievable price for the rest of society.- Ram Stein
- According to The New York Times, Walmart played a significant role in blocking reforms to have retailers pay more for apparel in order to help Bangladesh factories improve safety standards.- Chris Miller
- Walmart could be much larger if they had more employees running cash registers. I avoid WM like the plague because I’m not willing to stand in line for 20 minutes to check out.- David Dix