[MTC Global] Mind boggling details about Walmart

Dear friends,

Good morning.

Nice details about Walmart.

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1.  At Wal-Mart, Americans spend $36,000,000 every  hour of every day.

2. This works out to  $20,928 profit every minute!

3.. Wal-Mart  will sell more from January 1 to St. Patrick's  Day (March 17th) than Target sells all  year.

4. Wal-Mart is bigger than Home  Depot + Kroger + Target + Sears + Costco +  K-Mart combined.

5. Wal-Mart employs 1.6  million people and is the largest private  employer,  and most can't speak  English.

6. Wal-Mart is the largest  company in the history of the world.

7.  Wal-Mart now sells more food than Kroger &  Safeway combined, keep in mind they did this in  only 15 years.

8. During this same  period, 31 Supermarket chains sought  bankruptcy.

9. Wal-Mart now sells  more food than any other store in the  world.

10. Wal-Mart has approx 3,900  stores in the USA  of which 1,906 are Super Centers ; this is 1,000  more than it had 5 years ago.

11. This  year, 7.2 billion different purchasing  experiences will occur At a Wal-Mart store.  (Earth's population is approximately  6.5 billion.)

12. 90% of all Americans  live within 15 miles of a Wal-Mart.

13.  The value of product for Wal-Mart passing  through the port of San Diego  each year is a larger sum than 93% of ALL  countries Gross National Product  (GNP)  .....and that is only ONE port ...one way –  that's how Wal-Mart gets it's stuff.

14.  Of the 1.6  million employees, only 1.2%  make a living above the poverty  level.

15. Wal-Mart's head office is  located and centralized in Bentonville. Due to  this fact, there are more millionaires per  square mile there than any place on  Earth.

16. The official U.S. Government  position is that Wal-Mart's prices are no lower  than anyone else's when compared to a typical  families weekly purchases. That's the view of  the statisticians at the Bureau Of Labor  Statistics (BLS) responsible for calculating the  Consumer
Price Index (CPI).

17.  92% of  everything Wal-Mart sells, comes  from China .  Another 4% comes  fromChinese owned  companies in the U.S. or in  3rd world Countries.

18. Wal-Mart and  MOST large companies, take out life insurance on  its employees, without their knowing.  If  an employee dies, ALL the insurance moneys go  to the companies, i.e. an employee making  $18,000 per year, dies, and the company might make as much as $1 million. Most often  these moneys, coming from what is commonly  referred to as "Dead Peasant Life Insurance Policies", is paid out to executives as bonuses.  (A common practice, unknown by the average  consumer). 
 
19...   Wal-Mart now averages a "profit" (not sales) of  $36 billion per year.

20.  Let  Wal-Mart bail out Wall Street.  If not,  consider shopping someplace  else. 

One fast quip:

If we  close all the Wal-Mart stores would  China  go  bankrupt?????????

Think

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With regards,

 

Dr. K. Sampath Kumar,  B.A. (Economics), BGL, M.Com., M.Phil., Cert. A.I.I.B.,
                                        MBA (Finance), MBA (HR & Marketing),  ACS, FCMA, Ph. D.,
Professor, SSN School of Management
C/o. SSN College of Engineering
Rajiv Gandhi Salai (OMR)
KALAVAKKAM - 603110
Kancheepuram District, Tamil Nadu, India
Landline :  044-24860668
Mobile    :  9094405733
 
Success consists of getting up
just one more time than you fall
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