For better or for worse, Happy Birthday Wal Mart!
Walmart is the world largest private employer — only the U.S. Department of Defense and China’s People’s Liberation Army employ more people. Its more-than-2.1 million workers exceed the population of 15 states and the District of Columbia. Each week more than 140 million Americans shop at a Walmart, a figure that far surpasses the audience of the 2012 Super Bowl or the voter turnout of the 2008 presidential election. And though Walmart’s revenues — $443 billion for the latest fiscal year — are comparable to some of the world’s largest oil companies, they absolutely blow away its nearest retail competitors. Target’s latest fiscal year revenues were just shy of $70 billion. As Charles Fishman wrote in his book
Walmart does more business by March 3 than Target does all year. Target doesn’t have a single store outside the United States; Walmart’s international stores alone generate almost twice Target’s total revenue.”