Wal-Mart is a large global retail company founded in 1962 that operates discount department and warehouse stores. It is headquartered in Bentonville, Arkansas and employs over 2 million people worldwide. Wal-Mart supercenters provide a wide range of goods and services under one roof for customer convenience, and many locations operate 24 hours a day. The company's management philosophy is to empower employees and provide training to support global success.