Walmart
From Wikipedia, the free encyclopedia
Jump to navigationJump to search
This article is about the retail chain. For other uses, see Walmart (disambiguation).
Walmart Inc.
Walmart's current logo since 2008
Exterior of a Walmart store
Formerly Walton's (1950–1969)
Wal-Mart, Inc. (1969–1970)
Wal-Mart Stores, Inc. (1970–2018)
Type Public
Traded as NYSE: WMT
DJIA component
S&P 100 component
S&P 500 component
ISIN US9311421039
Industry Retail
Founded July 2, 1962; 57 years ago (in Rogers,
Arkansas)
Founder Sam Walton
Headquarters Bentonville, Arkansas
,
U.S.
Number of locations 11,503 stores worldwide (January 31, 2020)
[1][2]
Area served Worldwide
Key people
Greg Penner (Chairman)
Doug McMillon (President, CEO)
Products Electronics
Movies and music
Home and furniture
Home improvement
Clothing
Footwear
Jewelry
Toys
Health and beauty
Pet supplies
Sporting goods and fitness
Auto
Photo finishing
Craft supplies
Party supplies
Grocery
Services Walmart-2-Walmart
Walmart MoneyCard
Pickup Today
[Link]
Financial Services
Walmart Pay
Revenue US$523.964 billion (FY 2020)[3]
Operating income US$20.568 billion (FY 2020)[3]
Net income US$14.881 billion (FY 2020)[3]
Total assets US$236.495 billion (FY 2020)[3]
Total equity US$74.669 billion (FY 2020)[3]
Owner Walton family (51%)
Number of
2.2 million, Worldwide (2018)[3]
employees
1.5 million, U.S. (2017)[4]
700,000, International
Divisions Walmart U.S.
Walmart International
Sam's Club
Global eCommerce
Subsidiaries List of subsidiaries
Website [Link]
Footnotes / references
[5][6][7]
Walmart Inc. ( /ˈwɔːlmɑːrt/; formerly Wal-Mart Stores, Inc.) is an American multinational
retail corporation that operates a chain of hypermarkets, discount department stores,
and grocery stores, headquartered in Bentonville, Arkansas. [8] The company was
founded by Sam Walton in 1962 and incorporated on October 31, 1969. It also owns
and operates Sam's Club retail warehouses.[9][10] As of January 31, 2020, Walmart has
11,503 stores and clubs in 27 countries, operating under 56 different names.[1][2][11] The
company operates under the name Walmart in the United States and Canada,
as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the
United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly
owned operations in Argentina, Chile, Canada, and South Africa. Since August 2018,
Walmart only holds a minority stake in Walmart Brasil, which was renamed Grupo Big in
August 2019, with 20 percent of the company's shares, and private equity firm Advent
International holding 80 percent ownership of the company.
Walmart is the world's largest company by revenue, with US$514.405 billion, according
to the Fortune Global 500 list in 2019. It is also the largest private employer in the world
with 2.2 million employees. It is a publicly traded family-owned business, as the
company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of
Walmart through their holding company Walton Enterprises and through their individual
holdings.[12] Walmart was the largest U.S. grocery retailer in 2019, and 65 percent of
Walmart's US$510.329 billion sales came from U.S. operations.[3][13]
Walmart was listed on the New York Stock Exchange in 1972. By 1988, it was the most
profitable retailer in the U.S.,[14] and it had become the largest in terms of revenue by
October 1989.[15] The company originally was geographically limited to the South and
lower Midwest, but it had stores from coast to coast by the early 1990s. Sam's Club
opened in New Jersey in November 1989, and the first California outlet opened
in Lancaster, California, in July 1990. A Walmart in York, Pennsylvania opened in
October 1990, the first main store in the Northeast. [16]
Walmart's investments outside the U.S. have seen mixed results. Its operations and
subsidiaries in Canada, the United Kingdom, Central America, South America and
China are highly successful, whereas its ventures failed in Germany and South Korea.
