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.............................. WalMart Logo and Trademark..............................

Wal-Mart Stores, Inc. (NYSE: WMT) is an American public corporation, currently the world's largest public corporation by revenue according to the 2007 Fortune Global 500. It was founded by Sam Walton in 1962, incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It is the largest private employer in the world and world's fourth largest utility or commercial employer, only trailing the People's Liberation Army of China, the National Health Service of the United Kingdom, and the Indian Railways. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business. It is also the largest toy seller in the U.S., with an estimated 22% of the market. Wal-Mart operates in Mexico as Walmex, in the United Kingdom as ASDA, and in Japan as The Seiyu Co., Ltd. Wholly-owned operations are located in Argentina, Brazil, Canada, Puerto Rico, and the UK. Wal-Mart's investments outside North America have produced mixed results. In 2006, Wal-Mart sold its retail operations in South Korea and Germany due to sustained losses and a highly competitive market.

   

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Wal-Mart has been the target of criticism from some community groups, women's rights groups, grassroots organizations, and labor unions. Specific criticisms include the company's extensive foreign product sourcing, low rates of employee health insurance enrollment, resistance to union representation, and alleged sexism, among other things.

In October of 2005, Wal-mart instituted several environmental initiatives to increase energy efficiency in its operations. Their primary goals of these initiatives include spending $500 million a year to: increase fuel efficiency in Wal-Mart’s truck fleet by 25% over three years and doubling it within 10 years; reduce greenhouse gases by 20% in seven years; reduce energy use at stores by 30%; and cut solid waste from U.S. stores and Sam’s Clubs by 25% in three years. CEO Lee Scott said that Wal-Mart's goal is to be a, "good steward for the environment" and ultimately use only renewable energy sources and produce zero waste. The company also designed two new experimental stores in McKinney, Texas and Aurora, Colorado which feature wind turbines, photovoltaic solar panels, biofuel-capable boilers, water-cooled refrigerators, and xeriscape gardens. Despite much criticism of its environmental record, Wal-Mart has made quite a few steps in a positive direction, including becoming the biggest seller of organic milk and the biggest buyer of organic cotton in the world, as well as reducing packaging and energy costs. Wal-Mart also spent nearly a year working with outside consultants to discover the company's total environmental impact and identifying areas where they could improve. They discovered, for example, that by eliminating excess packaging on their toy line Kid Connection, they could save $2.4 million a year in shipping costs, 3,800 trees, and one million barrels of oil.

In March 2006, Wal-Mart sought to appeal to a more affluent demographic. Its supercenter in Plano, Texas is intended to compete against stores that some view as more upscale and appealing, such as Target. The new store features wooden floors, wider aisles, a sushi bar, a coffee/sandwich shop (with free Wi-Fi Internet access), and higher-end items such as microbrew beer, expensive wines, and high-end electronics. The exterior sports the hunter green background behind the Wal-Mart letters, similar to Wal-Mart Neighborhood Markets, instead of the trademark blue.

On September 12, 2007, Wal-Mart introduced new advertising with the slogan, "Save Money Live Better," instead of "Always Low Prices, Always" (which had been its slogan for the past 19 years). Global Insight, which performed the research that supported the ads, found that Wal-Mart's price level reduction resulted in savings for consumers of $287 billion in 2006, which equates to $957 per person or $2,500 per household (up 7.3% from the 2004 savings estimate of $2,329).

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