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Consistently posting the world ’ s highest revenue , Walmart topped $ 500bn in 2018 and once again managed to outpace China ’ s top three state-owned companies . What began as a mom-and-pop discount store in 1962 has blossomed into an international retail giant . Led by CEO C . Douglas McMillon , Walmart operates through more than 11,000 brick and mortar facilities in upwards of 28 countries and has a significant online presence . The Arkansas-based company posted profits of nearly $ 10bn while employing 2.3mn people . Its growing e-commerce profitability and global expansions have the organization tidying up its portfolio . Walmart reportedly sold off underperforming assets in Britain and shuttered 63 Sam ’ s Club facilities in the U . S . On the growth side , Walmart is ramping up its footprint in China and India among other locations . JUNE 2019