Walmart was founded by Sam Walton in 1962, in Arkansas, U.S. The company was incorporated as Wal-Mart Stores Inc. in 1969 and has become more commonly known as – Walmart. It was founded on the premise of providing products to the consumers at a discounted price. Serving the discount retail industry, Walmart thrived during the recent recession and emerged as the largest retail company during 2008-2009. Today Walmart operates in 15 different countries under 60 different brands with more than 9029 retail stores. It recorded sales worth $405 billion by the end of fiscal year 2010 (Walmartstores.com, 2010.).
Walmart’s primary ...
