Wal-Mart Stores, Inc. branded as Walmart, is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. Being the world’s third largest public corporation, Walmart is the biggest employer in the world with more than two million employees. Furthermore, it is the largest retailer in the world. Walmart remains a family-owned business, as the company is controlled by the Walton family. It is also one of the world's most valuable companies. Sam Walton was the founder of the company in 1962. The company publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Now Walmart is the largest grocery retailer in the United States. It also owns and operates the Sam's Club retail warehouses in North America. Walmart has 8,500 stores in 15 countries, under 55 different names. Example: •
Walmart name in the United States, including the 50 states and Puerto Rico. •
Mexico as Walmex
United Kingdom as Asda
Japan as Seiyu
India as Best Price
It has wholly owned operations in Argentina, Brazil, and Canada.
"The vision of the Global Ethics Office is to support ownership of Walmart's ethical culture to all stakeholders globally."
Purpose and mission
Wal-Mart's advertised mission statement and its advertising slogan are the same:
"We save people money so they can live better."
In addition to this mission statement, the company looks to its founder, Sam Walton for a company "purpose":
“If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life.”
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