Full Description

Wal-Mart Stores, Inc. (Walmart), incorporated in October 1969, serves customers and club members more than 200 million times per week at more than 8,000 retail units under 53 different banners in 15 countries. The Company operates in three business segments: Walmart U.S. and Sam’s Club in the United States, and Walmart International in 14 countries and Puerto Rico. In January 2009, the Company acquired 57% of D&S S.A.

Walmart U.S. Segment

The Walmart U.S. segment includes its discount stores, supercenters and Neighborhood Markets in the United States, as well as walmart.com. The Walmart U.S. segment operates retail stores in 50 states, with discount stores in 47 states, supercenters in 48 states and Neighborhood Markets in 16 states. The Company’s discount stores range in size from 30,000 square feet to 219,000 square feet, with an average size of approximately 108,000 square feet. Supercenters range in size from 94,000 square feet to 260,000 square feet, with an average size of approximately 186,000 square feet. Neighborhood Markets range in size from 36,000 square feet to 62,000 square feet, with an average size of approximately 42,000 square feet. Customers can also purchase an assortment of merchandise and services online at www.walmart.com.

Walmart U.S. does business in six merchandise units across several store formats, including discount stores, supercenters and Neighborhood Markets. Its grocery merchandise consists of a line of grocery items, including meat, produce, deli, bakery, dairy, frozen foods, floral and dry grocery, as well as consumables, such as health and beauty aids, household chemicals, paper goods and pet supplies. The entertainment merchandise consists of electronics, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts and prepaid service and toys. Its hardlines merchandise includes fabrics and crafts, stationery and books, automotive accessories, hardware and paint, horticulture and accessories, sporting goods, outdoor entertaining and seasonal merchandise. Wal-Mart’s apparel merchandise includes apparel for women, girls, men, boys and infants, shoes and jewelry. Its health and wellness includes pharmacy and optical services and home merchandise consists of home furnishings, housewares and small appliances.

The Walmart U.S. segment offers financial services and products, including money orders, wire transfers, check cashing and bill payment. The Company also markets lines of merchandise under its private-label store brands, including Great Value, Equate, Ol’ Roy, Sam’s Choice, Spring Valley, Parent’s Choice, Everstart, Faded Glory, No Boundaries, George, Athletic Works, Secret Treasures, HomeTrends, Mainstays, Ozark Trail, White Stag and Canopy. Wal-Mart also markets lines of merchandise under licensed brands, some of which include General Electric, Disney, McDonald’s, Better Homes & Gardens, OP, Starter, Danskin Now and Just My Size.

International Segment

The International segment consists of its wholly owned subsidiaries operating in Argentina, Brazil, Canada, Japan, Puerto Rico and the United Kingdom, its majority-owned subsidiaries operating in five countries in Central America, and in Chile and Mexico, the Company’s joint ventures in India and China and its other controlled subsidiaries in China. During fiscal 2009, the Company disposed of Gazeley Limited (Gazeley), a property development subsidiary in the United Kingdom. The Company utilizes a total of 146 distribution facilities located in Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom and two export consolidation facilities in the United States. Through these facilities, Wal-Mart processes and distributes imported and domestic products to the operating units of the International segment.

Sam’s Club Segment

As a membership club warehouse, the Company operates Sam’s Clubs in 48 states. Facility sizes for Sam’s Clubs range between 71,000 and 190,000 square feet, with the average Sam’s Club facility being approximately 133,000 square feet. Sam’s Club also provides its members with an assortment of merchandise and services online at www.samsclub.com. Sam’s Club offers bulk displays of brand name merchandise, including hardgoods, some softgoods, institutional-size grocery items, and private-label items under the MEMBER’S MARK, BAKERS & CHEFS and SAM’S CLUB brands in five categories, such as sundries, food, hardgoods, service businesses and softgoods.