Wal-Mart Stores, Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Headquartered in Bentonville, Arkansas, United States, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of September 30, 2015, it has a total of 11,526 stores in 28 countries, under a total of 65 banners.The company operates under the Walmart name in the United States and Canada. It operates as Walmart de México y Centroamérica in Mexico, as Asda in the United Kingdom, as Seiyu in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Brazil, and Canada. It also owns and operates the Sam's Club retail warehouses.
Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in 2014, as well as the biggest private employer in the world with 2.2 million employees.
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Walmart, the world’s largest retailer by revenue, is in advanced talks to open big box stores in Lagos, Nigeria’s economic hub.
The retailer’s top executive for Europe, the Middle East, Africa, and Canada, Shelley Broader, met this week with Lagos state governor Akinwunmi Ambode. After fruitful talks, it appears the iconic Walmart signage will soon be sighted in Lagos.
Governor Ambode revealed his excitement at the prospect of Walmart opening up stores across the mega-city he governs.
“We have a population of over 21 million people and four million of that population is in the middle class,” said the governor.
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