7 interesting facts about Walmart
Walmart is an American multinational retail corporation that was founded in 1962. Since then it has changed economics of many countries. By the way, do you know that Walmart has different names in different places? Keep on reading to learn more amazing facts about Walmart.
Before we start, do not forget about daily trivia that boosts people’s knowledge and makes our lives more interesting. Buying different things is no less entertaining than taking fun online quizzes. For example, you can check your knowledge of famous food logos.
#1 Walmart has different names
The company operates under 55 different names. It’s known as Walmart in the USA and Canada, Asda in the UK and Best Price in India.
#2 The founder of Walmart once had to dance hula on camera
Walmart was founded by Sam Walton. In 1984, he made a bet with his chief executive officer, David Glass. Glass thought that Walmart could reach an 8% pretax profit. Walton didn’t believe in it. He said that he’d go out and do a hula dance on Wall Street if Glass was right. Well, Walmart made it. Sam Walton had to keep his word — he danced with several professional hula dancers on Wall Street.
#3 Walmart has a museum
You can find the Walmart Museum in Bentonville, Arkansas. It bears Sam Walton’s name. By the way, admission is free.
#4 Walmart is one of the largest private employers in the world
The company has over 2.3 million employees worldwide. If they were to move to the same place, it would be about the same size as Houston, Texas.
#5 Robots are everywhere
Walmart tries to optimize everything it can. That’s why the company uses robots to save its associates’ time. These robots wash floors, check shelf stock and look for price errors.
#6 The Germans didn’t like Walmart
The company had to close its stores in Germany. It turned out that the Germans were not impressed with American cultural values.
#7 They created their own electricity company
It’s called Texas Retail Energy. This company is the main way for Walmart to reduce their bills. Their main intent was to purchase electricity for their stores at wholesale prices.
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