How big is walmart
Subject: How Big is Wal-Mart? note- this info was sent to me i do not know if it is all true or not.
Mind boggling! Think about this....Bill Gates, Warren Buffet, the IKEA dude, some mexican billionaire and I think some steel magnate guy in india have all been jockeying for the "richest person on earth" designation for the last dozen years or so...hovering around the $50 billion range. Now, Sam Walton, the founder of Wal-Mart, left his widow and four children about $20 billion each....that's a net worth of $100 billion!....twice that of the next in line. Below is why, interesting
The info below is unbelievable!
This should boggle your mind!! And Probably scare you as well!
1. At Wal-Mart, Americans spend $36,000,000 every hour of every day.
2. This works out to $20,928 profit every minute!
3.. Wal-Mart will sell more from January 1 to St. Patrick's Day (March 17th) than Target sells all year.
4. Wal-Mart is bigger than Home Depot + Kroger + Target + Sears + Costco + K-Mart combined.
5. Wal-Mart employs 1.6 million people and is the largest private employer, and most can't speak English.
6. Wal-Mart is the largest company in the history of the world.
7. Wal-Mart now sells more food than Kroger & Safeway combined, keep in mind they did this in only 15 years.
8. During this same period, 31 Supermarket chains sought bankruptcy.
9. Wal-Mart now sells more food than any other store in the world.
10. Wal-Mart has approx 3,900 stores in the USA of which 1,906 are Super Centers ; this is 1,000 more than it had 5 years ago.
11. This year, 7.2 billion different purchasing experiences will occur At a Wal-Mart store. (Earth's population is approximately 6.5 billion.)
12. 90% of all Americans live within 15 miles of a Wal-Mart.
13. The value of product for Wal-Mart passing through the port of San Diego each year is a larger sum than 93% of ALL countries Gross National Product (GNP) .....and that is only ONE port ...one way – that’s how Wal-Mart gets it's stuff.
14. Of the 1.6 million employees, only 1.2% make a living above the poverty level.
15. Wal-Mart's head office is located and centralized in Bentonville. Due to this fact, there are more millionaires per square mile there than any place on Earth.
16. The official U.S. Government position is that Wal-Mart's prices are no lower than anyone else's when compared to a typical families weekly purchases. That's the view of the statisticians at the Bureau Of Labor Statistics (BLS) responsible for calculating the Consumer Price Index (CPI).
17. 92% of everything Wal-Mart sells, comes from China . Another 4% comes fromChinese owned companies in the U.S. or in 3rd world Countries.
18. Wal-Mart and MOST large companies, take out life insurance on it's employees, without their knowing. If an employee dies, ALL the insurance moneys go to the companies. I.e. An employee making $18,000 per year, dies, and the company might make as much as $1 million. Most often these moneys, coming from what is commonly referred to as "Dead Peasant Life Insurance Policies", is paid out to executives as bonuses. (A common practice, unknown by the average consumer).
19. Wal-Mart now averages a "profit" (not sales) of $36 billion per year.
20. Let Wal-Mart bail out Wall Street. If not, consider shopping someplace else.
Dead peasant life insurance policies? Yikes!!!! What's this?
When Sam Walmart started this chain made in the USA was their slogan? What happened to this.
Also, I have been pricing them and your correct. They are not always best price. What is unclear is how Walmart keeps everyone elses price's down. Sort of like when SouthWest Airlines offers flights to your airport and prices are slashed by all carriers as a result of the discount carrier.
This despicable practice was elaborated upon in Michael moore's film CAPITALISM: A LOVE STORY. In it, some former longtime, loyal-than-loyal Wal-Mart associates/their survivors discover to their chagrin how the company profited from the death of their loved ones, while they became impoverished from health and funeral costs. Quite disturbing segment...
Originally Posted by jeff jones
Are you talkin' about 'WalMarde" ?
It wouldn't surprise me if it is all true, but it does seem to be, at least in part, hard to believe.
Originally Posted by jeff jones
I wonder how many other companies do this. It would be really scary if airlines did this. They could potentialy make a profit on an airplane crash. I read a fiction novel where this happened as part of the plot. Maybe it isn't fiction at all.
Sam and Bud Walton's original business model was to sell nothing that wasn't made in USA. This was when Walmart had stores only in the USA. As they grew and expanded to a worldwide company, Walmart became a publicly traded company, and after both founders died, Walmart started buying their goods for the lowest price possible, no matter where they were made. I have a close friend working for Walmart and this is what he told me.
Originally Posted by hungry101