Company Profile

Company Profile:
Wal-Mart Stores, Inc., the U.S. retail legend, was founded by Sam Walton in 1962 in Arkansas. After forty years of development, Wal-Mart has become the largest private employer and the world's largest retail chains store. Currently, Wal-Mart has opened more than 8,000 stores in 15 countries in the world, under 53 brands. More than 210 million customers visit Wal-Mart's store per week. In 1991, Wal-Mart's annual sales exceeded 40 billion U.S. dollars and became the one of the world's major retail companies. According to the service industry classification list published in May 1994’s "Fortune" magazine in U.S., Wal-Mart's annual sales is up to $ 67,340,000,000 in 1993, with growth of over 11.8 billion compared the previous year. This figure exceeded Sears which was the No.1 in 1992 and made Wal-Mart the nation's top retailers. Wal-Mart's sales continue to grow in 1995 and created a world record for the retail industry, achieving annual sales of 93.6 billion U.S. dollars, which was ranked fourth largest U.S. companies in the "Fortune" magazine 95. In fact, Wal-Mart's annual sales is equivalent to the sum of all U.S. department stores, but still maintains a strong trend of development. So far, Wal-Mart has 2,133 Wal-Mart has stores, 469 stores and 248 Sam's Club Wal-Mart shopping plaza, located in the United States, China, Mexico, Canada, United Kingdom, Puerto Rico, Brazil, Argentina, South Africa, Costa Rica, Guatemala, Honduras, El Salvador, Nicaragua and other 14 countries.

Wal-Mart in China
Wal-Mart came to China in 1996 and opened the first Super center and SAM'S CLUB in Shenzhen, Guangdong Province. Nowadays, there have been 86 stores in 46 cities, with a total investment of over RMB1.7 billion. Across China, Wal-Mart employs more than 38,000 staffs. As an outstanding corporate citizen, Wal-Mart actively gives feedback to the community and has donated funds totaling more than RMB26 million and similar supports to local charities and...