Wal*Mart Stores, Inc. is the World’s Largest Retail Chain. Wal-Mart Stores is an irresistible retail force that has yet to meet any immovable objects. Bigger than Europe's Carrefour, Tesco, and Metro AG combined, it is the World's #1 Retailer, with about 6,775 stores in 2007, including some 1,075 discount stores, 2,250 combination discount and grocery stores (Wal*Mart Supercenters in the US and ASDA in the UK), and 580 warehouse stores (SAM'S CLUB). About 60% of its stores are in the US, but Wal*Mart is expanding internationally; it is the #1 retailer in Canada and Mexico. It owns a majority stake in Japanese retailer SEIYU. Wal*Mart also has operations in Asia, Europe, and South America. Founder Sam Walton's heirs own about 40% of Wal*Mart. The company recorded revenues of $348.65 billion during the fiscal year ended January 2007, an increase of 11.7% over 2006. The operating profit of the company was $20.49 billion during fiscal year 2007, an increase of 9.5% over 2006. The net profit was $11.28 billion in fiscal year 2007, an increase of 0.5% over 2006.
The Company earns the trust of its customers every day by providing an assortment of quality merchandise and services at Every Day Low Prices (EDLP) while fostering a culture that rewards and embraces mutual respect, integrity and diversity. The Company's Wal*Mart Stores segment is the largest segment of its business. This segment consists of three different traditional retail formats, all of which operate in the United States, and Wal*Mart's on-line retail format, WalMart.com. The Company's traditional Wal*Mart Stores retail formats include Supercenters, which average approximately 187,000 square feet in size and offer a wide assortment of general merchandise and a full-line supermarket; Discount Stores, which average approximately 102,000 square feet in size and offer a wide assortment of general merchandise and a limited variety of food products; and Neighborhood Markets, which average approximately 42,000 square feet in size and offer a full-line supermarket and a limited assortment of general merchandise.
The Company's SAM'S CLUB segment consists of membership warehouse clubs, which operate in the United States, and the segment's online retail format, samsclub.com. The Company's focus for SAM'S CLUB is to provide exceptional value on brand-name merchandise at Members Only prices for both business and personal use. The Company's SAM'S CLUBS average approximately 129,000 square feet in size.