Wal-Mart's Flippin' Huge
I was reading this article about Walmart today. It's about
What hit me about this article was this line:
Wal-Mart's benefit costs jumped to $4.2 billion last year, from $2.8 billion three years earlier. Last year Wal-Mart earned $10.5 billion on sales of $285 billion.
Okay, coupla things. First off, Wal-Mart's insurance costs have gone up 1.4 billion in the past three years. 1.4 billion.
That is one massive company. When your insurance costs are more than most countries earn in a year, that's a hefty amount.
Also, Wal-mart sold $285 billion last year. This is larger than the GNP of Austria, Russia and Sweden. One company sells more than an entire nation of people.
Also, 285 billion. Last time, I checked, there's only 6 billion people on the planet. Which means, that every man, woman, boy and girl spent $47.50 at Wal-Mart last year.
How are you doing on that? Are you above, below or right at the Global Wal-Mart Average?
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