So this new minumum wage thing?

Walmart is one of the richest companies in the world, they have the fifth largest economy in the world.
No, they don't. Walmart had total sales in 2015 of 482 billion making them the 150th largest economy in the World, just above Fiji.
They also made net profits of 14.7 billion which is just 3% of total sales.

Imagine a local Mom and Pop making just 3% profit on sales. They'd be out of business.