Last week, emails leaked from Wal-Mart's executive offices that suggested recent sales levels were a "total disaster."
But as Wal-Mart explained in its earnings announcement today, much of the weakness in sales are attributable to delayed income tax refunds, a problem that will go away.
Indeed, nothing seems to be able to slow this global retail powerhouse.
Walmart has come a long way since Sam Waltonopened the first discount store in Rogers, Arkansas 50 years ago.
In fiscal year 2012, Wal-Mart registered approximately $444 billion in sales, which is $20 billion more than Austria's GDP. If Walmart were a country, it would be the 26th largest economy in the world.
Walmart has more employees worldwide — 2.2 million — than the population of Houston. The mega-retailer employs 1.4 million people in the U.S. alone.
Source: Walmart Corporate & Financial Fact Sheet
If Wal-Mart was an army, it would have the second largest military in the world, behind China.
Source: Daily Finance
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