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11 Facts About Wal-Mart

Posted By LocalShops1, Wednesday, March 6, 2013

It is estimated that 100 million customers visit Wal-Mart every single week making Wal-Mart, by far, the biggest and most influential corporation in the United States. And being such a large and influential corporation means they often are granted subsidies and tax breaks, giving them a clear  advantage over the local mom-and-pop shop. Not fair ?  We don't think so, either.

Here are 10 other facts about Wal-Mart, via ActivistPost. Prepared to be shocked.

  1. The average family in the United States spends more than $4,000 a year at Wal-Mart.
  2.  In 2010, Wal-Mart had revenues of $421 billion. That amount was greater than the GDP of 170 different countries including Norway, Venezuela and the United Arab Emirates. If Wal-Mart were a nation, it would have the 23rd largest GDP in the world.
  3. Wal-Mart sells more groceries than anyone else in America does. In the United States, one of every four grocery dollars is spent at Wal-Mart.
  4. Wal-Mart has opened more than 1,100 "supercenters" since 2005.
  5. According to the Economic Policy Institute, trade between Wal-Mart and China resulted in the loss of 133,000 manufacturing jobs in the United States between 2001 and 2006.
  6. The CEO of Wal-Mart makes more in a single hour than a full-time Wal-Mart associate makes in an entire year.
  7. Tens of thousands of Wal-Mart employees and their children are enrolled in Medicaid and are dependent on the government for healthcare.
  8. About 85 percent of all the products sold at Wal-Mart are made outside of the United States. It is being reported that about 80 percent of all Wal-Mart suppliers are in China at this point.
  9. According to the Center for Responsive Politics, Wal-Mart spent $7.8 million on political lobbying in 2011. That number does not include campaign contributions.
  10. The combined net worth of six members of the Walton family is about  equal to the combined net worth of the poorest 30 percent of all Americans.

LocalShops1, est. 2008, is Tampa Bay's leading advocate for small businesses. To learn more, check out the Advocacy tab up top. 

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