Wal-Mart Stores, Inc. (Walmart) operates retail stores in various formats globally. Everyday low prices (EDLP) is the Company�s pricing philosophy under, which it prices items at a low price everyday. The Company operates in three business segments: the Walmart U.S. segment, the Walmart International segment, and the Sam�s Club segment. During the fiscal year ended January 31, 2012 (fiscal 2012), its Walmart U.S. segment accounted for approximately 60% of its net sales and operates retail stores in various formats in all 50 states in the United States and Puerto Rico, as well as Walmart�s online retail operations, walmart.com. Its Walmart International segment consists of retail operations in 26 countries. Its Sam�s Club segment consists of membership warehouse clubs operated in 47 states in the United States and Puerto Rico, as well as the segment�s online retail operations, samsclub.com. During 2012, Sam�s Club accounted for approximately 12% of its net sales.