Events

Lee Scott grew to become Wal-Mart’s president and CEO as the corporate’s gross sales increased to $165 billion. In 2002, it was listed for the first time as America’s largest company on the Fortune 500 list, with revenues of $219.8 Online Shop News billion and income of $6.7 billion. With the contribution of its superstores, the corporate surpassed Toys “R” Us in toy sales in 1998. Chinese media has described the toy company’s merchandise as ‘addictive’.