Walmart - World's 2nd Largest Retail Company
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Walmart is the largest retail corporation of discount department and warehouse stores in the world. Though it now operates in 26 countries, Walmart had humble beginnings in the 1960s in Bentonville, Arkansas. The retail chain offers low prices and a wide selection of products, which has given Walmart an edge over the competition.
WALMART BY DIVISION
Walmart is predominantly broken down into three divisions: Sam's Club, Walmart International, and Walmart U.S., with the latter?generating the majority of the company’s sales. Sam’s Club distinguishes itself in that it is a membership-only warehouse retailer, much like Costco. In 2021, the?U.S. segment of Walmart?alone generated nearly 370 billion U.S. dollars, which amounts to about?67 percent of total sales. Mexico is the single largest international market for Walmart, with?2,634 locations?as of January 2021.
WALMART KEY FIGURES
WALMART ONLINE
WALMART’S FINANCIAL PERFORMANCE
As of March 2022?Walmart?has a market cap of?$405.14 Billion. This makes Walmart the world's?16th?most valuable company (2nd largest retail company after Amazon by market cap). The market capitalization, commonly called market cap, is the total market value of a publicly-traded company's outstanding shares and is commonly used to measure how much a company is worth.
In 2021, the company generated?global net sales of over 555 billion U.S. dollars. These figures have grown considerably over the last few years;?increasing about 6.8 percent in 2021?compared to the prior fiscal year. Walmart’s?gross profit margin?has remained steady at around 25 percent over the last several years. As of the last year available, the company operated more than?eleven thousand stores?throughout the world and this figure is more than likely to increase as the company continues to expand into emerging markets.
CONSUMER BEHAVIOR
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For millions of consumers, Walmart is their main source for groceries, household items, clothing, and more. In 2021,?Walmart saw about 240 million customer visits per week. Walmart also operates a?successful e-commerce site?which is especially busy around the beginning of the holiday season. According to a survey carried out by Statista in 2020, from respondents that have?purchased from discount chains?in the last 12 months, 75 percent have bought from Walmart. Meanwhile, in the same survey, 66 percent of respondents claimed to?regularly buy food and products?from Walmart as well. However, despite the company’s price advantage and wide selection, Walmart has a?lower customer satisfaction rate?than the average supermarket in the United States.
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