Wal-Mart Drops to No. 2 on Fortune 500

Last year’s Fortune 500 list leader Wal-Mart dropped down to the second spot, despite having the seventh-best one-year stock return of any Fortune 500 company at 19.99%, the magazine reported last week.

BENTONVILLE, Ark. — Last year’s Fortune 500 list leader Wal-Mart Stores dropped down to the second spot, despite having the seventh-best one-year stock return of any Fortune 500 company at 19.99%, the magazine reported last week.

With $405.6 billion in assets it traded places with Exxon Mobil, who experienced a 19% revenue increase from 2007 to $442.851 billion in assets. Dollar Stores also stood out on the list.

Of the 24 Fortune 500 companies that experienced stock increases in 2008, Dollar Tree (499th) came out on top with a 61% return, followed by Family Dollar (359th) with a 39% return, according to Fortune.

Among the top food retailers on the list were CVS Caremark (19th), which moved up five spots from last, Kroger (22nd) up from No. 26, and Costco Wholesale Corp. (24th), which climbed five spots.

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