Facts you didn't know about Walmart

Facts you didn’t know about Walmart

In this we know about some unknown and interesting facts about Walmart. Walmart is one of the most successful retails in the world. In 1962, Sam Walton started this company and today Walmart becomes the world’s largest retail industry. The headquarter of Walmart is located in Bentonville, Arkansas, U.S

Walmart is an American multinational retail company that includes different kinds of stores and there are many products available in Walmart retail store electronics, clothing, footwear, jewelry, toys, health, beauty, etc.

In 1995, the company open its first international location in city Mexico which was powered by hundred and then thousand of locations being open in the countries of the world and now Walmart earn unbelievable profits despite being faced with controversies and online retailers like Amazon.

1- The best selling item at Walmart is a type of fruit

The best selling item in Walmart which you probably not which you expect but it is consistently being the best selling product in the market for several years. Walmart’s best selling item is banana and they sell banana billion pounds in a year also Walmart sells 200 billion groceries in 2016 which comprise over 56% of external sales and it is the largest grocery retailer in the united states.

2- 10,000 years-old fossils were discovered at an Arizona Walmart

In 2007, when workers Arizona Walmart were taking the whole to plan a set history they came across some bones that far belong to the camel and turn out they are right. The Fossil was determined to be a 10,000year-old fossil that belongs to be an extinct or different kind of camel. And these specific camels sare represent to be Walmart camel and now located in the Zoological Museum at Arizona state university.

3- Walmart operates under 60 different names

Walmart operates over 9000 stores worldwide and many of them not carry the Walmart name. Walmart uses over 60 different names in the world in the US and Canada strictly operates by his original name but this is not the case in many other countries. For example they are ASDA in the United Kingdom, SEIYU in Japan, Best price in India, Trust Mart in China, and Superama in parts of Mexico. In many cases Walmart acquired established companies in different countries and keeps the name of local retailers so that shoppers are familiar with the brand.

4- Walmart is the world’s largest company by revenue

With 470 billion dollars sales in 2016 Walmart is being the world’s largest company in revenue beat out the second-largest company called State Grid by over 170 billion dollars. Over 62% of all sales in 2016 came from US operations Walmart is also the largest private employer in the world with 2.3 million employees worldwide.

5- Hilary Clinton was a member of the Walmart board of director for 6 years.

Walmart is governed by the 15 members of directors that are elected by the shareholders. In 1986, Sam Walton was pressure to appoint a women board of directors and he chooses the feature secretary of state and presidential candidate Hilary Clinton who is the wife of Bill Clinton who was the governor at that time. She was a member of the board of directors from 1986 to 1992. When her husband elected for the president of the United States and she moved on to become the first lady.

6- Walmart bought Vudu for over $ 100 million

In 2010, Walmart bought Silicon valley startup Vudu to take ownership of online movie streaming service the sale is reportedly over 100 million dollars after Vudu already acquired 60 million in capital investment. Vudu is currently in the third position in online movie streaming with a market share of 5.3% and the first two are Netflix and Amazon video.

7- Sam Walton did not believe in giving to charity

Although he was quite rich he did not believe in giving cash to charitable causes he though his stores are lowering the cost of living the millions of people was enough of contribution to society for him. Also in his biography he wrote that Walmart is not involved in charitable business and he also felt that his wealth is attractive to many people to looking for hangout and he stated that he could not expect to solve every personal problem that came to attention. In 2005, Walmart donated 20 million dollars for hurricane relief. In recent years Walmart’s charitable donation is nearly 1 billion dollars.

8- Walmart Stores cover over a billion square feet

In total the all area of Walmart stores combine equal more than 1.1 billion sq ft which is larger than the Mannheim because Walmart is expanding in many different countries and there stores are available in most of the countries of the world.

9- Alice Walton is the richest woman in the world

With the combined wealth of 130 billion dollars. The Walton family is the richest in America. They also have 48 billion dollars more than the second richest family in America the cooks. Each family member is worth about 30 billion dollars. Founder Sam Walton’s daughter Alice Walton is the richest woman in the world about 33.8 billion dollars.

10- The Walton family still owns about 50% of stock in the company

The Walton family owns over 50% of stocks in the company with 43% own by Walton enterprises and 5.3% helped by the Walton family holding trust. The next largest stockholder is the Vanguard group with 3.32% of shares.

11- Walmart is the 24th most valuable brand in the world

According to Forbes Walmart is the 24th most valuable brand in the world right behind the American Express and Marlboro. As of May 2017, Walmart has a market capitalization of 221.1 billion dollars it also listed the number one in sale and 19th in profit globally.

12- Their first billion-dollars week was in December 1993

In 1993, Walmart expand his US presence to Alaska, Huwai, Road Island, and Washington giving in the presence 49 out of 50 states. In December of 1993, Walmart hit the major milestone saw the first week of their over a Billion dollars of profits now Walmart makes 1.3 billion per day.

13- Walmart loses billions a year from the theft

In 2016 national retail security survey found that theft caused US retailers 45.2 billion dollars in 2015 along and Walmart claimed a large share of this loss. Walmart reports that each year shoplifting causes the company around 3 billion dollars which is roughly 1% of their total profit.

14- Sam Walton did a Hula dance on Wall Street

In 1983, Sam Walton and its employees decide not to increase the already incredible profits another 8% during the year. Sam Walton decided to make a bet that if the profit increase more than 8% he would dance the Hula on wall Street and when the end of the year number shows the profit had increased to 8.04% he hired the Hula dance performers and dance on the wall street.

15- Walmart is sued thousand of times a year

Walmart sued over 5000 times a year on average 14 times a day. The loss sued range sees completely ridiculous to very serious. Some of the recent losses sued are Walmart is using wood pulp cheese breaking the federal minimum wage loss being negligent in letting a teen Shady then used to kill Uber driver and charging a customer to sense more than advertising.

So these are some fun, interesting and unknown facts related to Walmart the largest retail store corporation in the world.

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