Wal-Mart Stores, Inc. is an American multinational retail corporation. The company runs chains of large discount department stores and warehouse stores. Founded in 1962, Walmart is currently headquartered in Bentonville, Arkansas. It is the largest retailer in the world as nearly 260 million customers visit their more than 11,500 stores under 65 banners in 28 countries and e-commerce sites in 11 countries each week. The company has claimed the no.1 spot on the Fortune Global 500 list for back-to-back years. It is also the largest private employer in the world with over 2 million employees worldwide – 1.4 million in the U.S. alone. In addition, Walmart is the largest grocery retailer in the U.S. Wal-Mart Stores, Inc. Walmart is a family-owned business, as the company is controlled by the Walton family, who own over 50 percent of the company’s shares through their holding company, Walton Enterprises. Wal-Mart operates through three segments: Walmart U.S., Walmart International, and Sam’s Club.
Wal-Mart enjoys an impressive investment grade rating of AA from Standard and Poor’s and long-term rating of Aa2 from Moody’s.
- Industry: Big Box
- Holding Company: Wal-Mart Stores, Inc.
- Lease Structure: NNN
- S&P Bond Rating: AA
- Moody’s Bond Rating: Aa2
- Website: http://www.walmart.com/