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Rank: 3 (Previous rank: 1)
CEO: Michael T. Duke Employees: 2,200,000 Address: 702 S.W. Eighth St. Bentonville, Arkansas 72716 Country: U.S. Website: www.walmartstores.com The world�s biggest retailer enjoyed robust profits overseas, but continued struggling at home with weak sales and public relations debacles. For fiscal year 2011, Wal-Mart saw operating income rise by 6.4% to more than $25 billion. But while the Bentonville, AR-based chain saw gains abroad, executives found it harder to lure U.S. shoppers. The chain saw foot traffic decline, and Wal-Mart tried to bring back shoppers pinched by high unemployment and gas prices. The company also began opening 40 smaller �Walmart Express� stores in rural and urban areas. Beyond sales, the chain also struggled with a shaky public image. In June 2011, the U.S. Supreme Court threw out a discrimination lawsuit accusing the retailer of favoring men over women in promotions and pay. While executives may have breathed a sigh of relief, Wal-Mart suffered another blow when U.S. lawmakers launched an investigation in April 2012 following allegations of bribery at the chain�s Mexican affiliate. � Nin-Hai Tseng, writer Subscribe to Fortune Magazine |
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Interactive: Where the money is
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| Company | 2011 Number of Employees |
|---|---|
| Wal-Mart Stores | 2,200,000 |
| China National Petroleum | 1,668,072 |
| State Grid | 1,583,000 |
| Company | 2011 Profits ($ millions) |
|---|---|
| Gazprom | $44,459.6 |
| Exxon Mobil | $41,060 |
| Industrial & Commercial Bank of China | $32,214.1 |
