Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. It is the world’s largest company by revenue, with US$514 billion for the fiscal year ending in January 2020. Walmart has 11,445 stores and clubs in 27 countries outside the United States as of June 30th 2019. It employs approximately 2.2 million people around the world. The vast majority of these employees are located in its domestic operations – only about 630 thousand are employed abroad (11% of the total).
Walmart’s financial performance has been impressive over recent years despite some hiccups during the recessionary period from 2007-2009 when same store sales declined on both domestic and foreign fronts. Since then Walmart’s overall financial performance has improved significantly due to a combination of growth initiatives targeting emerging markets such as China, Mexico and Brazil coupled with operational efficiencies achieved through cost-cutting measures implemented across its global network which include using new technologies such as robotics to reduce labor costs while simultaneously increasing automation levels at various distribution centers across five continents (Asia Pacific, Europe, Latin America & Caribbean etc.).