Facts You Should Know About Walmart's History in Retail

Every day, millions of customers visit Walmart where shoppers find a large assortment of products and services at competitive prices. Walmart was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It has over 11,000 stores in 27 countries including Asia, Africa, Central America, North America, South America. In all these regions, Walmart stores operate under 71 different store names employing over 2.2 million associates worldwide. Walmart averages a profit of $1.8 million every hour from operations. The company has created so much wealth for the Walton family that 4 of the 10 richest americans are Walton family members. Each week, 140 million shoppers visit Walmart stores in the U.S.