Wal-Mart Stores; Inc. is an American public corporation that runs a chain of large; discount department stores. It is the world's largest public corporation by revenue; according to the 2008 Fortune Global 500. Founded by Sam Walton in 1962; it was 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 the fourth largest utility or commercial employer; trailing the British National Health Service; 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; as well as the largest toy seller in the U.S. It also owns and operates the North American company; Sam's Club. Currently; as of 2010; Wal-Mart Stores; Inc. operates over 8;451 locations world wide.
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