Wal-Mart Stores, Inc. (formerly branded as Wal-Mart, branded as Walmart since 2008) (NYSE: WMT) is an American public corporation that runs a chain of large discount department stores and a chain of membership required warehouse stores. In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. Wal-Mart, headquartered in Bentonville, Arkansas, is the largest majority private employer and the largest grocery retailer in the United States. In 2009, it generated 51% of its US$258 billion sales in the U.S. from grocery business. It also owns and operates the Sam's Club retail warehouses in North America.
Wal-Mart operates under its own name in the United States, including the 50 states and Puerto Rico. Wal-Mart operates in Mexico as Walmex, in the United Kingdom as Asda ("Asda Wal-Mart" in some branches), in Japan as Seiyu, and in India as Best Price. It has wholly-owned operations in Argentina, Brazil, and Canada. Wal-Mart's investments outside North America have had mixed results: its operations in the United Kingdom, South America and China are highly successful, while it was forced to pull out of Germany and South Korea when ventures there were unsuccessful.
Easter recess Japan
In observance of Easter, FIS.com will not be publishing articles in its World News section on 17-18 April.
Shrimp firms lay off over 400 workers Ecuador
Two processing and exporting shrimp firms from Costa Rica have been forced to lay off 412 employees since October last year, following a sharp drop in production.
Haiku records strong decrease in profits China
Chinese seafood processors, Haikui Seafood’s revenue decreased by 39.7 per cent compared to 2012 as a result of the challenging market environment affecting the industry in the country.
Salmon price status at week 16 Norway
Fresh salmon export volumes for week 15 are up 2,409 tonnes compared to week 14 and up 6,172 tonnes compared to week 15, 2013, reports Fish Pool ASA.
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