25+ Essential Walmart Statistics for 2023 | Fortunly (2023)

FAQs

What are the statistics of Walmart? ›

Walmart has 10,622 stores and clubs across 24 countries as of 2023. Walmart serves more than 37 million customers every day and more than 230 million customers every week. Walmart generated a revenue of approximately $573 billion worldwide. $53,921 million worth of sales was generated by Walmart's e-commerce.

Number of Walmart stores in the United States in 2023

There are 4,624 Walmart stores in the United States as of May 08, 2023. The state with the most number of Walmart locations in the US is Texas, with 515 stores, which is about 11% of all Walmart stores in the US.

Store 2152 in Albany, New York, is not just the biggest Walmart store in the U.S. It's also one of just a few stores with two levels!

Walmart in the US had 331.7 Billion in revenue from 4,769 stores. The average is 69 million a year per store, or $1.3 million a week per store. Depending on the Walmart sales could be anywhere between $700k-3 Million+ a week. What makes Walmart the top company by revenue in the world?

If you're wondering why Walmart was so desperate to build its first store within the City of Miami limits at Midtown, it's probably because its stores in other parts of the county are so damn popular.

For 2023, Walmart expects consolidated net sales to increase between 2.5% and 3%, and for U.S. comp sales to increase between 2% and 2.5%.

Walmart is closing 21 retail locations across the US this year, including four in Chicago, citing poor financial performance at each.

Interactive chart of historical net worth (market cap) for Walmart (WMT) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Walmart net worth as of May 15, 2023 is $412.88B.

The Walmart best-seller list can never go without personal care products. Highly recommended items to sell on Walmart, regarding the Personal care category, are shampoo, cleanser, and lotion. Reusable care pads also contribute to the list.

What is the oldest Walmart store still open? ›

It started as Walmart Supercenter #1 and was the first and oldest Walmart store ever. It was opened on July 2, 1962, by Walmart's founder, Sam Walton. The store is at 2110 W Walnut St, Rogers, AR 72756, and has been a landmark in the community for over 60 years.

According to Walmart's annual report, the company earned around $559.2 billion in fiscal year 2021, which means that every day it generates an average of approximately $1.53 billion.

The average U.S. Walmart store makes approximately $1.1 billion per year. That's $3 million in sales every single day. And, given that 90% of U.S. residents live within 15 minutes of a Walmart, it's unsurprising that stores see such high sales numbers, even if the average customer doesn't spend very much.

How much does Walmart lose every year due to theft? Walmart loses approximately $3 billion every year due to theft and shoplifting incidents.

Walmart's gross profit margin for fiscal years ending January 2019 to 2023 averaged 24.8%. Walmart's operated at median gross profit margin of 24.8% from fiscal years ending January 2019 to 2023. Looking back at the last 5 years, Walmart's gross profit margin peaked in January 2022 at 25.1%.

The target audience of Walmart is low to middle-class rural families. These people want to shop conveniently in a single location. The price and discounts are something they look for while shopping.

Walmart Competitors: FAQs

As of now, Walmart's biggest competitor by market share is Amazon. Operating over 10,500 stores and clubs worldwide, Walmart has slightly better financial metrics than its rival.

The people who shop at Walmart are typically associated with low to middle class rural families who want a one-stop, convenient and attractively priced shopping experience.

Worst: Weekends

Weekends can be crazy, with plenty of shoppers heading to Walmart to pick up items they didn't have time to grab during the week. And weekends might get even busier soon, as more kids head back to school or workers return to an office, leaving little time to shop during the week.

"The highest traffic is in the early to late afternoon, so getting in there before noon is going to give you the best shopping experience on a weekday. Saturdays and Sundays are not so easily predicted. Weekday mornings are your best bet."

Who is number 1 Walmart or Amazon? ›

On a strictly retail revenue basis, Walmart is much bigger than Amazon with retail revenue of $600 billion versus AMZN's $280 billion. Including Amazon's non-retail business, Walmart is still the larger of the two in revenue $600 billion to Amazon's $502 billion.

Despite their political differences, employees at Walmart seem to be happy. The company has great employee retention with staff members usually staying for 3.3 years. The average employee at Walmart makes $31,618 per year.

Among that group of employees, only those who have worked for Walmart for 20 years or more will get the full $1,000, Walmart told Business Insider. Here's how the bonus payout breaks down: $200: Less than 2 years of Walmart employment. $250: 2-4 years of Walmart employment.

Walmart encounters several problems that include stiff competition, negative reputation, constraints in business acquisitions and joint ventures, and stringent cultural values in foreign markets (Kneer 25). There is stiff competition from other retail stores that have adapted a low-price strategy.

Walmart Inc., based in Bentonville, Arkansas, announced in 2019 that it was getting out of the vaping business and would stop selling electronic cigarettes at its stores and also at Sam's Clubs. It said at the time the decision was based on "growing federal, state and local regulatory complexity."

The corporate name is different, but Walmart storefronts, advertisements, bags and merchandise dropped the hyphen in 2008. Why the switch? It's a nod to the digital era and its biggest rival, Amazon. Walmart isn't only a retail store anymore.

Rearranging items is reportedly a common tactic used by companies to ensure customers spend as much time as possible in stores, and ultimately find more products to buy.

Walton family fortune

Jim Walton, $66.9 billion. Alice Walton, $66 billion. S. Robson Walton, $65.7 billion.

APPLE (AAPL)

Apple has reclaimed the top spot on the list of the world's most valuable companies.

What percent does Walmart take sellers? ›

Walmart Supercenters is around 182,000 square feet. Each location can employ about 300 associates. Walmart Discount Stores are a bit smaller at around 106,000 square feet. It can employ around 200 Walmart associates.

The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton's 5 & 10.

In 1962, he opened his first “Wal-Mart Discount City,” in Rogers, Arkansas. Two years later, he opened two more Walmarts, one in Harrison and another in Springdale. From its hub in Bentonville, Walmart expanded into Missouri and Oklahoma, bringing low prices to underserved rural communities.

Average Walmart Business Owner hourly pay in the United States is approximately $21.35, which is 36% above the national average.

They're just like any other working Americans running a family business, except for the part where they earn US$100 million every single day. Sam Walton founded Walmart, a multinational retail corporation, in 1962 and his heirs have since helped transform it into a multi-billion revenue-churning machine.

The average Walmart shopper spends about $50 per visit.

According to the data collected by Numerator and presented by Insider, the average Walmart shopper picks up about 13 products per visit, bringing their total to $54 per trip on average—that comes out to about $3,400 each year.

Walmart released quarter four financial results for the 2022 fiscal year in November 2022. According to the report, Walmart's revenue increased by 0.5% year-over-year, while its operating income increased by 7.3% to hit $5.9 billion.

What is the monthly income of a Walmart employee? ›

They have a zero-tolerance policy. If you are stealing and caught, you have a chance to be banned from the store. In some cases, you will be banned for a day and other cases you can be banned for life. While Walmart is a large chain store, you are likely going to be able to enter another Walmart without a problem.

The classification of your offense will depend on the monetary value of the merchandise and if you have a prior criminal record. If the value of the stolen merchandise is less than $100 and you have no previous theft convictions on your record, you can only be convicted of a Class C misdemeanor.

In the middle are retail giants Walmart, with an average 32 percent markup, and Target, with an average 46 percent markup. While these retailers are noticing pressure from online vendors, they're also fighting back by demanding help from suppliers.

Walmart keeps relatively low prices as compared to the competitors and hence it earns very low profit-margin on the sales revenue. Relatively low prices than competitors allows Walmart to capture the maximum market share thereby achieving phenomenal sales volume.

In the fiscal year ended January 31, 2023, Walmart's revenue amounted to approximately 611 billion U.S. dollars worldwide.

Walmart is the world's largest company by revenue, with about US$570 billion in annual revenue, according to the Fortune Global 500 list in October 2022. It is also the largest private employer in the world with 2.2 million employees.

In the United States alone, the company employs 1.4 million people. This is a staggering 1% of the U.S.'s 140 million working population.

What percentage of people get into Walmart? ›

Fun Fact of the day: Walmart has a lower acceptance rate than Harvard. Harvard might be hard to get into with a 4.5 per cent admittance rate, but try this on for size: only 2.6 per cent of Walmart applicants are accepted.

Our 2022 study found that Amazon attracts a higher percentage of Roamers, at 36%, than does Walmart, at 33%.

While the company operated in 30 countries, 85% of its sales came from only three major markets: the United States, the United Kingdom, and Mexico.

Our merchandising & stocking associates connect all of the dots to make sure members can find everything they have on their shopping list. From every day needs to special occasions, members need you, as their mini tour guide, to take them that special product.

Walmart had about 2.3 million employees in 2022, the highest of all companies worldwide that year. Walmart also led ranking of companies by revenue in 2022, with a total revenue of about 600 billion U.S. dollars. Amazon followed in second with 1.5 million employees worldwide, with Hoi Han Precision Industry in third.

The Ivy League acceptance rate decreasing. 311948 applicants applied for the Ivy League colleges and only 6.78% of the applicants got accepted. Here is the list of Ivy League acceptance rates. The interesting fact here is Walmart has a lower acceptance rate than Harvard.

Princeton University

Princeton University is one of the hardest schools to get into and has one of the lowest acceptance rates of any college in the world. Some might argue it's the hardest Ivy to get into, even though its current acceptance rate is not quite as low as Columbia or Harvard.

Getting into Harvard is truly a piece of cake compared to getting accepted for a job at Walmart, at least according to data crunched by The Washington Post. The Washington Post reports that when a new Walmart opened in D.C., 23,000 people vied for 600 job openings. That means just 2.6% were accepted.

Walmart's Target Audience

The target audience of Walmart is low to middle-class rural families. These people want to shop conveniently in a single location. The price and discounts are something they look for while shopping.

What is the success factor of Walmart? ›

Walmart's low-price strategy is one of the most important factors in determining its success. This strategy has allowed Walmart to offer customers lower prices than their competitors, providing customers with an incentive to shop at Walmart.

General Motors and Tesla topped the S&P Global S&P Global Mobility report on customer loyalty for 2022. GM had the best combined performance for a manufacturer that sells multiple brands, while Tesla ranked number one among specific brands for the first time. Ford held the position for the last 12 years.