Business Chief USA June 2019
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TOP 10<br />
100<br />
01 Walmart<br />
$500bn<br />
Consistently posting the world’s highest revenue,<br />
Walmart topped $500bn in 2018 and once again<br />
managed to outpace China’s top three state-owned<br />
companies. What began as a mom-and-pop discount<br />
store in 1962 has blossomed into an international retail<br />
giant. Led by CEO C. Douglas McMillon, Walmart<br />
operates through more than 11,000 brick and mortar<br />
facilities in upwards of 28 countries and has a significant<br />
online presence.The Arkansas-based company posted<br />
profits of nearly $10bn while employing 2.3mn people.<br />
Its growing e-commerce profitability and global expansions<br />
have the organization tidying up its portfolio.<br />
Walmart reportedly sold off underperforming assets in<br />
Britain and shuttered 63 Sam’s Club facilities in the U.S.<br />
On the growth side, Walmart is ramping up its footprint<br />
in China and India among other locations.<br />
JUNE <strong>2019</strong>
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