The American retailer expects to add over 500,000 employees in the next five years as it increases its global presence. Wal-Mart employs currently 2.2 million people.
Outside the U.S. the retailer operates 4110 department stores in 14 countries. In setting out his vision for the next several years at the world's largest retailer, Chief Executive Mike Duke said the company needs to widen its price gap with competitors as the internet helps consumers find bargains. "We will win on price leadership and we will win big," Duke told 16,000 cheering employees and shareholders at a meeting. Internationally, where business units account for about one-quarter of total sales of 405 billion dollar "we need to continue to set an impressive pace of growth and have a constant emphasis on returns," Duke said.
Sources: Focus, Financialexpress
