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Wal-Mart Stores, Inc. (NYSE: WMT) is an American public corporation, founded by Sam Walton in 1962 and first incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It is the largest retailer in the world and the second largest corporation in the world, behind Exxon Mobil, based on revenue as of 2006. [1] For the fiscal year ending January 31, 2006, Wal-Mart reported net income of $11. 2 billion on $316 billion of sales revenue (3. 5% profit margin). These types of plans focus on coverage that will protect you. [2] It is the largest private employer in the United States and Mexico. [3]

In the United States, Wal-Mart holds an 8. 9% retail store market share. [citation needed] and is also the largest grocery retailer in the US, with an estimated 20% of the retail grocery and consumables business,[4] and is also the largest toy seller in the US, with an estimated 22 percent of the retail toy business, having surpassed Toys "R" Us in the late-1990s. [5]

Internationally, Wal-Mart operates in Mexico as Walmex, in the United Kingdom as ASDA and in Japan as The Seiyu Co. , Ltd. Does Cheap Health Insurance Exist. In 2006, Wal-Mart's international operations accounted for approximately 20. 1% of total sales. [6] Wholly-owned operations are located in Argentina, Brazil, Canada, South Korea, Puerto Rico, and the UK. Wal-Mart's investments outside of North America have produced mixed results. Recently Wal-Mart moved to sell its retail operations in South Korea and Germany. [7]