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Walmart is the largest retailer in the world and the second largest corporation in the world, behind Exxon Mobil, based on revenue as of 2006.

For the fiscal year ending January 31, 2006, Wal-Mart reported net income of $11.2 billion on $316 billion of sales revenue (3.5% profit margin). It is the largest private employer in the United States and Mexico.

Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business, and is also the largest toy seller in the United States, with an estimated 22 percent of the retail toy business, having surpassed Toys "R" Us in the late-1990s.

Products they sell include home furnishing, apparel, digital cameras, home theater systems, books, dvds and garden supplies.

Wal-Mart's business model is based on selling a wide variety of general merchandise and marketing "always low prices."  The company refers to its employees as, "associates." All Wal-Mart stores in the United States and Canada also have designated "people greeters," whose general role is to welcome shoppers at the store entrance, as well as playing a role in loss prevention and security.

Unlike many other retailers, Wal-Mart does not charge a slotting fee to suppliers for their products to appear on the store. Alternatively, they focus on selling more popular products, and often pressure store managers to drop unpopular products in favor of more popular ones, as well as manufacturers to supply more popular products.

In the United States, Wal-Mart's chief competitors in low-end general merchandise include Sears Holdings Corporation's Kmart chain and Target. Many smaller regional chains, such as Meijer in the midwest, are also competitors. Wal-Mart's move into the grocery business has also positioned it against major grocery chains such as HEB, Kroger, Albertsons, Publix, Giant Eagle, Safeway, Winn-Dixie, Ahold and many other regional chains and independents. About Cars

A niche has been carved out of Wal-Mart's dominance in the United States by several retail corporations. By focusing on a small number of low-cost products, dollar store retailers such as Family Dollar and Dollar General have successfully competed head-to-head with Wal-Mart for home consumer sales. In 2004, Wal-Mart responded by testing their own dollar store concept, a subsection of some stores known as "Pennies-n-Cents."

Source: Wikipedia - News Reports

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