Wal-Mart was founded by Sam Walton in 1962 and is being an American public corporation that serves a chain of large, discount department stores. Wal-Mart was the world’s largest public corporation by revenue according to the 2008 Fortune Global 500.

It is the largest private employer in the world and the fourth largest utility or commercial employer, trailing the British National Health Service, and the Indian Railways. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business. It also owns and operates the North American company, Sam’s Club.

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