Smart SpendingSmart Spending

Wal-Mart really is that huge

Company's size is mind-boggling.

By Karen Datko Oct 7, 2009 3:27AM

Have you seen the e-mail making the rounds that says Wal-Mart's size is so immense that it's mind-boggling and scary? (The e-mail concludes with the statement, "Let Wal-Mart bail out Wall Street.")


It lists some amazing statistics about the recession-proof retail behemoth and, according to Snopes, almost all of them are true, including this one: "Wal-Mart will sell more from Jan. 1 to St. Patrick's Day (March 17) than Target sells all year."

And, in terms of sales, Wal-Mart truly is bigger than Home Depot, Kroger, Target, Sears, Costco and Kmart combined.


But is Wal-Mart truly the biggest company in the history of the world? (Imagine Keith Olbermann saying that.)


It depends, Snopes says. Fortune lists Wal-Mart as No. 1 in the world in gross revenues, ahead of three oil companies. Forbes, which evaluates four factors, puts it at No. 16. (Snopes doesn't directly address the "history of the world" part of the question.)


Wal-Mart actually has more U.S. stores than the number cited in the e-mail. (Snopes counts 4,253). And it appears that Wal-Mart's U.S. profit per minute might exceed the e-mail's claim of $20,928.


Do 90% of all Americans really live within 15 miles of a Wal-Mart? Snopes isn't sure but says "The Wal-Mart Effect" says it's so.


Related articles:

Target to slash prices as sales slide

The price of Wal-Mart coming to town

Wal-Mart moves more upscale


Published Dec. 11, 2008

4Comments
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2013 Microsoft. All rights reserved.

Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.

Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.

Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.

ABOUT SMART SPENDING

Smart Spending brings you the best money-saving tips from MSN Money and the rest of the Web. Join the conversation on Facebook and follow us on Twitter.

VIDEO ON MSN MONEY

TOOLS

More
MSN Mobile: Go to msn.com in your phone's browser.