Wal-Mart Stores is an American retail corporation, operating chains of discount department and warehouse stores. The company conducts its operations under the Walmart brand in the US and Puerto Rico. It operates as Asda in the UK, Seiyu in Japan and Best Price in India. Moreover, it has operations in Canada, Mexico, Brazil and Argentina. The company has three segments; Walmart USA, Walmart International and Sam’s Club.
Wal-Mart, also, provides financial services, including money transfers, prepaid cards, bank transfers, bill payments and currency exchange. In addition, the company works with banks that provide financing programmes. As of March 2014, Wal-Mart operated 11,302 hypermarkets and supermarkets in 27 countries, selling food and industrial goods. Wal-Mart is the world’s largest operator of retail stores, the biggest private employer and the largest company by revenue in the world (Fortune Global 500 list, 2014).
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