- General Merchandise
Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week at more than 8,100 retail units under 55 different banners in 15 countries. With fiscal year 2009 sales of $401 billion, Wal-Mart employs more than 2.1 million associates worldwide.
A leader in sustainability, corporate philanthropy and employment opportunity, Wal-Mart ranked first among retailers in Fortune Magazine?s 2009 Most Admired Companies survey.
Wal-Mart was founded in 1962, with the opening of the first Wal-Mart discount store in Rogers, Ark. The company incorporated as Wal-Mart Stores, Inc. on Oct. 31, 1969. The company's shares began trading on OTC markets in 1970, and were listed on the New York Stock Exchange two years later.
With the infusion of investor capital, the company grew to 276 stores in 11 states by the end of the decade. In 1983, the company opened its first Sam?s Club membership warehouse, and in 1988 opened the first supercenter -- now the company?s dominant format -- featuring a complete grocery in addition to general merchandise. Wal-Mart became an international company in 1991 when it opened its first Sam's Club near Mexico City.