Sam Walton’s heirs own over 50 percent of Walmart through their holding company Walton Enterprises and through their individual holdings. Walmart was the largest U.S.
By 1988, it was the most profitable retailer in the U.S., The company originally was geographically limited to the South and lower Midwest, but it had stores from coast to coast by the early 1990s.
Its operations and subsidiaries in the United Kingdom, Central America, South America and China are highly successful, whereas its ventures failed in Germany and South Korea.
