![]() ![]() In 2020, Walmart company net worth was $514.405 billion. Walmart was the most profitable US retailer in 1988. In 1970, only eight years after the first-ever Walmart had opened, there were 38 different stores, with two more openings each year on average. Such a trajectory helped the businessman expand his business at a fast pace and open about 18 stores in five years. The company’s early days saw rapid expansion, with Sam Walton making nearly a million dollars in the initial year. Walmart yearly revenue has been on the rise since the very start. On the other hand, Walmart’s annual gross profit in 2020 was $129,359 million, almost the same as the gross profit from 2019 - $129,104. In other words, there was an increase of 1.86% compared to 2019. For example, in 2020, annual Walmart’s revenue was $523.96 billion. Walmart’s annual revenue witnessed significant growth since 2012 when its revenue was “only” $446.51 billion. Walmart revenue in 2019 was $514.41 billion. When it comes to the US, Walmart has 4,756 stores, 3,571 supercenter stores, and 809 neighborhood markets. What type of company is Walmart? How big is it? The business is a multinational retail corporation operating a massive grocery store chain, discount department stores, and hypermarket chains, with headquarters in Bentonville, Arkansas.Īccording to data from 2020, the corporation had 11,501 stores worldwide in 26 countries. People refer to Walmart as a “retail giant” for a reason. It was founded by Sam Walton in Rogers, Arkansas, in 1962. It had a vision of selling more for less. It might be hard to believe that the retailer-behemoth (previously called Wal-Mart Stores Inc.) started as a single discount store. The company is 59 years old and started as a single discount store. How did Walmart become the most profitable company in the world? 1. By 2020, Walmart managed to hire 265,000 US veterans.Over 2.2 million people are currently working for Walmart worldwide.Walmart’s average full-time hourly wage is $14.26.Over 40% of the company’s employees work part-time.Walmart managed to surpass eBay in retail e-commerce sales by 0.6%.55% of the company’s employees are women, Walmart statistics indicate.Weekly, Walmart stores have around 265 million customers around the world. ![]() Texas has the highest number of stores - 516.During the pandemic, Walmart’s e-commerce went up by 74%.On a global scale, Walmart has a total number of 11,501 stores.This brings up very interesting data, so let’s check it out! Top 10 Walmart Statistics for 2022 You Should Know Having started as a discount store, Walmart today has millions of employees across the globe, with thousands of stores running under different names. Walmart is a striking example of how a great business idea can grow within the right economic climate and with the right strategic steps, becoming one of the world’s largest companies. To showcase just how powerful this international giant has become, here are 25 mind-blowing Walmart statistics that will help you see that Walmart is an ecosystem of its own. As an internationally recognized household name, this company is a fierce contender on the marketplace, both offline and online. ![]()
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