Introduction
Wal-mart store has topped the Fortune 500 list for two years in a row in the annual ranking of America’s largest corporations. The retail goods and households dealer has been in the position for the eighth time now after beating Exxon Mobil (Wal-mart Stores, 2011). Its current profits stand at approximately 17 million U.S. dollars for the financial year ended January 2011 (Wal-mart Stores, 2011). Sales in the U.S. stores have declined for the last eight consecutive quarters (Our stakeholders, 2011 Nov 15). Although, it’s global revenues still remain high. In response, it
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