Wal-Mart, the $416 billion, “Always Low Prices” behemoth, is not only the world’s largest retailer but also the world’s largest company; bigger than ExxonMobil, General Motors, and General Electric. The scale is unbelievable. Wal-Mart in one quarter sells more than what its nearest retailing competitor the No.2 US retailer, Home Depot, sells in one year.
And, Wal-Mart has no real rivals in its own category of general merchandise and groceries. Wal-Mart does more business than Target, Sears, Kmart, J.C. Penney, Safeway, and Kroger put together. “Clearly, Wal-Mart is more powerful than any retailer has ever been,” says Edward Fox, head of Southern Methodist University’s J.C. Penney Center for Retailing Excellence.
Wal-Mart, thus, is, so big and so furtively powerful as to have become an entirely different order of corporate being.
Source: The Fast Company