Market Cap: $221.1 Billion
Industry: Discount Stores
Chief Executive Officer: C. Douglas McMillon
Sales: $485.25 Billion
Headquarters: Bentonville, Arkansas
Summary: Wal-Mart Stores, Inc. engages in retail and wholesale business and operates through Walmart U.S., Walmart International, and Sam’s Club. They provide services similar to supercenters, supermarkets, hypermarkets, warehouse clubs, home improvement stores, specialty electronics centers, apparel stores, drug stores, and convenience stores. They also offer specialty services, auto buying, optical services, hearing aid centers, tire and battery centers, and business operations support services.
Why you should care: Wal-Mart has pioneered the modern discount store, but—most recently—has fallen behind competitors like Amazon. In an effort to keep pace, Wal-Mart is beginning to research and produce specialty foods. Among their experiments is the “fruit punch pickle.” We will not be surprised to see Wal-Mart grow significantly over the next few years as it continues to innovate.