The Wal-Marting of America

The retail empire built by the late Sam Walton has become the largest company in the world. Wal-Mart, in fact, now wields so much power that it’s making publishers, record companies, and Hollywood nervous. Why?

How big is Wal-Mart?

It’s the top revenue generator on the planet. Wal-Mart has vaulted past ExxonMobil and General Motors to become No. 1 on the Fortune 500. It has 3,000 massive, boxlike stores in the U.S.—some big enough to house three football fields—and owns an additional 1,000 stores in Canada, Europe, Mexico, and other parts of the world. The company employs more than 1.3 million people worldwide. It rakes in more than $240 billion a year. That’s roughly 2.4 percent of the U.S. economy, and greater than the gross domestic product of Switzerland.

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