financetom
Retail
financetom
/
Retail
/
23 surprising things about Walmart
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
23 surprising things about Walmart
May 10, 2018 11:07 AM

Walmart is the largest private employer in the world with 2.3 million employees.

Arkansas-based company refers employees as “associates”.

All Walmart stores in the US and Canada have designated "greeters" at the entrance, a practice pioneered by its founder Sam Walton.

Area 71 is the unofficial name of Walmart's data center.

The company does not charge slotting fees to suppliers for their products to appear in the store (Slotting fee is a sum paid by a manufacturer to a retail chain for making room for a product on its shelves).

Current CEO, Doug McMillon, began his career at Walmart more than 30 years ago as an hourly summer associate in a distribution center.

$4 prescription program by Walmart for its customers drove down the price of hundreds of generic medicines in US.

Walmart Pharmacy is America’s fifth largest pharmacy chain with annual prescription revenue topping $20.5 billion in 2017.

The average US family of four spends over $4,000 a year at Walmart.

One of every four dollars Americans spend on groceries is spent at Walmart.

The most popular item at Walmart is banana. They sell more bananas than any other single item they carry, according to Business Insider.

China's exports to Walmart accounted for 11% of the growth of the total US trade deficit with China between 2001 and 2006.

90% of all Americans live within 15 miles of a Walmart.

The most frequent destination typed into GPS device Telenav is Walmart.

An additional Walmart store per 100,000 residents increases average BMI (body mass index) by 0.25 units and the obesity rate by 2.4%.

In 2000, Walmart was sued 4,851 times, or about once every 2 hours.

Walmart pays $7.5 billion in taxes per year in US.

If Walmart was an army, it would have the second largest military in the world, behind China.

Walmart also caters to its Christian customer base by selling Christian books and media.

The largest Walmart store in the world, covers 260,000 square feet on two floors, is located at Crossgates Commons in Albany, New York.

Workers digging a hole for an ornamental citrus tree for a Walmart in Mesa, Arizona, found the fossils of two animals (thought to be camels) estimated to be 10,000 years old – they were dubbed the “Walmart Camels”.

Walmart is cheaper than Amazon in almost all categories.

On all categories except food, the average product available from Walmart is 34% cheaper than if purchased from Amazon, according to a January 2018 study by LendEDU.

Sources: lovemoney.com, albany.com, aol.com, news.walmart.com, blog.walmart.com

First Published:May 10, 2018 8:07 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Americans stockpiling toilet paper again; here's why
Americans stockpiling toilet paper again; here's why
Sep 1, 2021
Panic buying of toilet paper was witnessed in the early days of 2020 amid unfounded fears of supply shortages. Consumers rushed to supermarkets, hotels, gas stations, and anywhere else they could find a roll of toilet paper to buy.
US retail sales fell 1.1% in July; Americans cut spending as COVID cases surge
US retail sales fell 1.1% in July; Americans cut spending as COVID cases surge
Aug 18, 2021
Retail sales fell a seasonal adjusted 1.1 percent in July from the month before, the US Commerce Department said Tuesday. It was a much larger drop than the 0.3 percent decline Wall Street analysts had expected.
In Pics | 14 major companies that filed for bankruptcy in 2020
In Pics | 14 major companies that filed for bankruptcy in 2020
Dec 24, 2020
2020 has been a brutal year for businesses, so much so that the volume of bankruptcies this year has surpassed that of 2008. From the travel and hotel space to the energy sector, businesses across industries suffered for months as the COVID-19-induced lockdown put brakes on economic activities across the world. However, retailers selling non-essential goods have been the worst-affected with many of these names emerging among the biggest bankruptcies of 2020. As per S&P Global Market Intelligence, 610 firms have filed for bankruptcies as of December 13, the highest since 2012. Retailers like J.C. Penney, Neiman Marcus, and J.Crew, car rental giant Hertz, mall operator CBL & Associates Properties are some of the names that have been listed in Fortune’s list of ‘14 of the biggest bankruptcies of 2020'. The 14 bankruptcies happen to be from the US as the valuations of liabilities remain higher than those of others. Here’s a look at these companies and their liabilities, as mentioned by Fortune:
Ben & Jerry’s to stop ice cream sales in Israel 'Occupied Palestinian Territory'; clashes with parent Unilever
Ben & Jerry’s to stop ice cream sales in Israel 'Occupied Palestinian Territory'; clashes with parent Unilever
Jul 20, 2021
Ben & Jerry's announcement to withdraw from Isreal 'Occupied Palestinian Territory' has come as a rebuke by a well-known brand against Israel’s policy of establishing its citizens on the war-won lands. However, there is a conflict of ideas with the parent company Unilever.
Copyright 2023-2025 - www.financetom.com All Rights Reserved