Wal-Mart
| US chain of discount stores. Wal-Mart Stores, Inc., is the world's largest retailer. Operating in the USA, UK, Germany, Canada, Mexico, Brazil, Argentina, China, Japan, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and South Korea, the company by 2006 was serving 176 million weekly customers from about 6,780 outlets, and recorded net sales of $345 billion that year. |
| The chain was founded by Sam Walton who opened his first Wal-Mart store in 1962 in Rogers, Arkansas, and established the chain's headquarters in 1970 in nearby Bentonville. He called his employees ‘associates’ and allowed them to share in the profits. |
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