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Walton family

December 22, 2011

Walmart is best known for its giant stores, the fortune it made its founding family and its sometimes questionable employee practices, but as Christmas approaches, the family business has shown a different side. 

Walmart is best known for its giant stores, the fortune it made its founding family and its sometimes questionable employee practices, but as Christmas approaches, the family business has shown a different side.

The company has organised a 12 Days of Giving campaign on Facebook, where it will donate $1.5 million (€1.15 million) to 145 organisations across the US.

December 12, 2011

The Walton family, which controls the $400 billion-plus retail empire Walmart, is no doubt rich. But just how wealthy the family members are was recently highlighted by an American economist.

The Walton family, which controls the $400 billion-plus retail empire Walmart, is no doubt rich. But just how wealthy the family members are was recently highlighted by an American economist.

According to Sylvia Allegretto at the University of California, the descendants of Sam and James Walton, who founded family business Walmart, have the same net worth as the combined wealth held by the bottom 30% of American earners. In other words, the least wealthy Americans.

September 22, 2011

Many of the US’s richest people have family businesses to thank for their huge fortunes, but the number of people who inherited their wealth on Forbes’s 2011 list of the wealthiest Americans has fallen.

Many of the US’s richest people have family businesses to thank for their huge fortunes, but the number of people who inherited their wealth on Forbes’s 2011 list of the wealthiest Americans has fallen.

August 17, 2011

The Walton family-controlled retail giant Walmart has seen a revival in its domestic sales in the second quarter of this year, following a disappointing performance in 2010.

The Walton family-controlled retail giant Walmart has seen a revival in its domestic sales in the second quarter of this year, following a disappointing performance in 2010.

The Arkansas-based retailer said in a statement that its US sales rose to $64.89 billion for the quarter ending 31 July, up from the $62.66 billion it achieved in the previous three months.

August 15, 2011

The Walton family’s Walmart is reportedly looking at the possibility of expanding its operations in Brazil, after saying last year it was disappointed with its results in the South American country.

The Walton family’s Walmart is reportedly looking at the possibility of expanding its operations in Brazil, after saying last year it was disappointed with its results in the South American country.

According to the Financial Times, the US retail giant, which is due to report its earnings tomorrow, has hired UBS to examine a potential bid for Carrefour’s Brazilian operations, despite the French company claiming the business is not up for sale.

June 6, 2011

The world’s largest retailer, family-controlled Walmart, announced on 3 June that it will buyback company shares, a move that will increase the Walton family’s stake in the business.

The world’s largest retailer, family-controlled Walmart, announced on 3 June that it will buyback company shares, a move that will increase the Walton family’s stake in the business.

At the Arkansas-based group’s 41st annual shareholders meeting, the company announced that it will buyback $15 billion shares from investors – a continuation of last year’s $13 billion share repurchase.

May 23, 2011

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Inditex, founded by Spanish billionaire Amancio Ortega, announced on 19 May that it has opened its flagship Zara store in Sydney, Australia as part of its strategy to expand in Latin America, Australia and Africa.

March 10, 2011

More than 40% of the names on the annual Forbes’ billionaire list are family business principals, or linked to family business fortunes, and out of the top 10 richest people in the world, seven are linked to family businesses.

More than 40% of the names on the annual Forbes’ billionaire list are family business principals, or linked to family business fortunes, and out of the top 10 richest people in the world, seven are linked to family businesses.
 

February 23, 2011

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

In a statement, the Arkansas-based retailer said that revenues rose by 2.5% to $115.6 billion while its profits increased by 27% for the fourth quarter. This rise was attributed to the company’s strong operations of Walmart International and Sam’s Club, while emerging markets too had seen a boost with every country contributing to an increase in sales.

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