Walmart is an American supermarket chain founded in 1962 by Sam Walton. In 2010, the company was the world's largest retailer (turnover included). It is based in Bentonville, Arkansas, USA. For the financial year ending January 31, 2014, Walmart recorded a profit of $16.022 billion with a turnover of $476.294 billion. ¹⁾

A large portion of the retail sector is also owned by Walmart. In 2016, they accounted for about 14.5 percent of all the food purchased in America. This figure is more than twice that of its closest rival, Kroger, which had about 7.2 percent of all sales. The business also owns its own in-house brand, Great Value, which is one of the nation's top-rated supermarket brands.²⁾

The company's efforts in China, the United Kingdom and throughout South America have proven to be some of any retail chain's most lucrative international expansions (not just Walmart). Nonetheless, this massive firm occasionally fails. For example, Walmart closed all of its stores in Germany when the chain failed to take off in this region (which also happens to have the largest economy in all of Europe).³⁾

Until 1995, the retail supergiant was not in every state. In fact, they were not even in the Northeast prior to 1990 (except for a single Sam's Club) or anywhere on the West Coast. Walmart subsequently opened several stores in California and Pennsylvania by the end of 1990. Not until the final location opened in Vermont in 1995 did they make it to all 50 states. Interestingly enough, the organization decided to expand domestically before moving to all 50 states.⁴⁾

Walmart reigns as the biggest family-owned company worldwide.⁵⁾