Wal-Mart Tops Fortune 500 U.S. List
New York Wal-Mart Stores held onto the top spot among American companies as the biggest revenue maker, Fortune magazine said Monday in announcing its Fortune 500 list.
Wal-Mart, with 2007 revenues of $378.8 billion—up 7.9% from the previous year—retained its lead over ExxonMobil with $372.8 billion in revenue.
However, ExxonMobil’s profit was more than triple that of the retailer at $40.6 billion compared to $12.7 billion.
The Fortune ranking is based on revenues. Other rankings of the largest companies may be based on profits or stock-market capitalization. Fortune also publishes a list of the top global companies.
Wal-Mart was the leading U.S. firm on this basis for the sixth time in the past seven years, Fortune said.
Wal-Mart remained the biggest employer, employing some 2 million people—more than the number serving in the U.S. armed forces, according to Fortune.
Report: Talbots expects loss in ’08
NEW YORK According to reports, Talbots is expected to report a net loss of 7 cents to 17 cents per share for 2008, after discontinued operations, and revenue growth of 3%.
In addition, according to reports the company is expecting a drop in same-store sales in 2008.
Meijer promotes non-invasive plants for Earth Day
GRAND RAPIDS, Mich. Meijer has partnered with The Nature Conservancy and to encourage shoppers to select non-invasive plants, trees and shrubs for their backyards. In order to promote the program, the company is hosting a special Earth Day open house on April 26 at all 181 Meijer stores throughout the Midwest.
“Invasive species can wreak havoc on local ecosystems by disrupting the delicate balance found in nature,” said Helen Taylor, Michigan state director for The Nature Conservancy. “This ongoing partnership between Meijer and The Nature Conservancy will hopefully help to reduce some of the damage done by invasive species by giving consumers the information they need to help their local environment.”
According to Meijer, visitors to the stores on April 26 will be able to learn about environmentally friendly products such as non-invasive plants recommended by The Nature Conservancy. In addition Meijer representatives will provide information on how to make a more earth-friendly garden.