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As of its 2006-year end Tesco was the fourth largest retailer in the world behind Wal-Mart, Carrefour and Home Depot. Tesco moved ahead of Home Depot during 2007, following the sale of Home Depot's professional supply division and a decline in the value of the US dollar against the British pound.
Fortune magazine's annual list of the top 500 U.S. companies is out this morning. Wal-Mart Stores Inc. is still the largest U.S. company with sales last year of $476.3 billion. Wal-Mart and Exxon Mobil often trade places on the Fortune 500, but not this year. Exxon Mobilâs revenue dropped by 9 percent last year to $407.7 billion.