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Should Wal-Mart Stores be admired, or what?

Why it's admired With $405 billion in revenues, the world's largest retail chain has earned the respect of business by managing an elephantine network of discount stores that employ more than 2 million people in 15 countries -- stores that welcomed new customers seeking low prices in a troubled economy. With more than 100 million shoppers per week, the company now accounts for 10% of retail sales in the U.S., and managed a 8.8% profit gain last year by cutting costs. Not that it's immune to recessionary pressures: In January, the company announced it would lay off 11,000 workers in its Sam's Club stores. --C.T.

Rank in General Merchandisers: 1

World's Most Admired Companies 2010: Wal-Mart Stores snapshot - FORTUNE on CNNMoney.com