Name of the organization Wal-Mart is American public corporation operating retail stores in various formats including discount stores, supercentres and international markets such as UK, China and Japan. It is considered one of the largest retail outlets in the world and it uses its own name to operate in the US. The company began its retail activity in mid 1940 in Iowa. Since then the company has expanded tremendously and in 1969, it was incorporated as Wal-Mart Stores and since then, it has featured as one of the leading companies in New York Stock Exchange. It currently trades mostly on stocks it operates in states such as Arkansas, Kansas, Oklahoma and Missouri. It also features in sales and has managed to provide employment to many Americans. Primary business The company deals in a wide range of merchandise and services at reduced prices. These incorporate both national and private brands.