The bigger the company, the bigger the problems tend to be, and the world’s biggest retailer is no exception. During the past twelve months, Wal-Mart (Stock Quote: WMT) has faced all kinds of drama. While it remains a force to be reckoned with, this year has shown that even Wal-Mart is susceptible to setbacks.
Wal-Mart’s sales have declined by 1.4% compared to last year and its overall same store sales, which insiders expected to grow, actually fell by 1.2%. And as of now, sales are expected to be slow to recover. "Our business in the U.S. is very challenging right now,” Wal-Mart’s Chairman Rob Walton told Reuters. “We are only expecting a slow recovery in the U.S., nothing extremely fast,"
But that’s only part of the story. The company has also faced numerous lawsuits this year. They’ve been sued for:
- Having a giant swamp rat in the store, allegedly causing a woman to injure herself
- Using excessive force to fight shoplifting
- Reporting an Arizona couple to authorities for sexual assault of their own children after an employee discovered bath-time pictures featuring the kids. A court found no evidence of sexual assault.
- Discriminating against certain religions (Muslims) and ethnicities (latinos).
- Colluding with Netflix and “unfairly setting prices in their rental businesses.”