Walmart is the largest retailer in the world with around $500 billion in annual revenue and about 11,700 stores worldwide (including supercenters, wholesale warehouse clubs under the Sam's Club banner, and small-format stores across 28 countries). It is also expanding into the growing e-commerce channel, as evidenced by its acquisition of Jet.com in 2016 and the 2018 purchase of a 77% stake in Flipkart. Sales through this channel represent about 5% of its total revenue. Groceries and consumables account for roughly 60% of sales, with the remainder from general merchandise including fuel, hardlines, apparel, entertainment, and home goods. The firm is known for an everyday low price approach.
Profitable
Publicly Held
Corporation
Berkshire Hathaway sold 15,010,000 shares of the company's (NYSE: WMT) common stock raising $2.9 billion on June 30, 2016. Earlier, Berkshire Hathaway sold partial of its shares of the company's (NYSE: WMT) common stock raising an undisclosed amount on May 16, 2016.
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