Wal*Mart Tops Fortune 500
Wal*Mart has reclaimed the top spot in the Fortune 500, Fortune magazine’s annual list of America’s largest companies. In rankings that were released Monday, the Bentonville, Ark.-based retail giant overtook last year’s #1, ExxonMobil, to reclaim the top spot for the fifth time in six years. The rankings were reported by CNNMoney.com, which is Fortune’s internet home.
Other companies on the list with a major presence in CE retail included Target at #33, Dell at #34, Best Buy at #72, Circuit City at #215, and RadioShack at #466.
The Fortune 500 ranks the companies based on revenues for the previous year, for which Wal*Mart posted a figure of over $351 million, which edged out ExxonMobil’s $347 million. Exxon’s revenues were nearly $140 million higher than those of #3 General Motors.