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Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business. is an American public corporation that runs a chain of large, discount department stores. Founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. Wal-Mart's investments outside North America have had mixed results: its operations in South America and China are highly successful, while it was forced to pull out of Germany and South Korea when ventures there were unsuccessful. It is the world's largest public corporation by revenue, according to the 2008 Fortune Global 500. It has wholly-owned operations in Argentina, Brazil, Canada, Puerto Rico. It is the largest private employer in the world and the fourth largest utility or commercial employer, trailing the British National Health Service, and the Indian Railways.. It also owns and operates the North American company, Sam's Club.It operates in Mexico as Walmex, in the UK as ASDA, and in Japan as Seiyu.Wal-Mart has been criticized by some community groups, women's rights groups, grassroots organizations, and labor unions, specifically for its extensive foreign product sourcing, low rates of employee health insurance enrollment, resistance to union representation, and alleged
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