Food Industry
Industry: Email Alert RSS FeedWal-Mart tops fortune 500 list.
Food Institute Report, The, April, 2003
Wal-Mart Stores, Inc. topped the Fortune 500 list for the second consecutive year, showing enough worldwide growth to possibly secure the position permanently. In 2002, a year in which aggregate revenue slid for only the sixth time in the list's 49-year history, down 6% to $6.95 trillion, Wal-Mart's revenue rose 12% to $246.5 billion, $60 billion ahead of No. 2 General Motors Corp. By this time next year, it plans to be another $26 billion higher, boosting its revenues to $272 billion. Excluding cars, Wal-Mart accounts for about 10% of U.S. sales.
"Wal-Mart has done more than retain its title as king of the mountain. It is rewriting notions of how big corporations are supposed to behave," Fortune says in its Apr. 14 issue.
Making its debut on the list...
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