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COMPANY PROFILE
Walmart Inc
TABLE OF CONTENTS
Company Overview
COMPANY OVERVIEW
Walmart Inc (Walmart) is a retailer that operates grocery stores, supermarkets, hypermarkets, department
and discount stores, and neighborhood markets. The company’s stores offer grocery and consumables,
health and wellness, technology, office and entertainment, hardlines, apparel and home categories at
everyday low prices. It also operates warehouse clubs (including Sam's Clubs) and cash and carry
outlets. Walmart markets products under various private labels and licensed brand names including
Equate, Everstart, Bonobos, Mainstays, George, Onn, Parent’s Choice, Time and Tru, Wonder Nation
and No Boundaries. The company offers fuel, gift cards and financial services and other related products
including money orders, prepaid cards, wire transfers, money transfers, check cashing and bill payments.
It merchandises products through various e-commerce portals. Walmart is headquartered in Bentonville,
Arkansas, the US.
The company reported revenues of (US Dollars) US$523,964 million for the fiscal year ended January
2020 (FY2020), an increase of 1.9% over FY2019. In FY2020, the company’s operating margin was
3.9%, compared to an operating margin of 3.3% in FY2019. In FY2020, the company recorded a net
margin of 2.8%, compared to a net margin of 1.3% in FY2019.
The company reported revenues of US$134,622 million for the first quarter ended April 2020, a decrease
of 5% over the previous quarter.
Key Facts
KEY FACTS
Business Description
BUSINESS DESCRIPTION
Walmart Inc (Walmart) owns and operates wholesale and retail stores and other e-commerce websites
globally. The company classifies its business operations into three reportable segments: Walmart US,
Walmart International, and Sam’s Club.
Walmart’s online platform comprises websites offering own brands, third-party retail partnership channels,
and related mobile commerce and voice-activated commerce applications. As of January 2020, the
company had 4,582 owned and 773 leased retail units in the US and 1,953 company-owned and 4,193
leased retail units internationally. It also operated a total of 187 Walmart US distribution facilities and
Sam’s Club distribution facilities, while 221 distribution facilities internationally. Walmart sources products
from more than 100,000 suppliers worldwide. It serves customers through its 11,500 retail stores under
56 banners in 27 countries and e-commerce platforms in 10 countries.
History
HISTORY
Corporate Changes/Expansions
Year: 2020
In January, the company announced the opening of its 134 stores in Mexico.
New Products/Services
Year: 2020
In January, the company announced to launch a new automated system, Alphabot for the fast-growing
online grocery pickup service.
Contracts/Agreements
Year: 2020
In February, the company's Walmart Canada partnered with DLT Labs to launch a production blockchain
solution for any industrial application.
Plans/Strategy
Year: 2020
In February, the company announced its plans to sell its majority stake in Asda, a supermarket chain in
the UK.
Corporate Changes/Expansions
Year: 2020
Corporate Changes/Expansions
Year: 2020
In March, the company and PenguinPickUp opened the first location in Montreal, Canada.
New Products/Services
Year: 2020
In March, the company announced to extend its contactless services during the corona virus health crisis.
Divestiture
Year: 2020
In April, the company sold its video streaming service Vudu to the movie ticketing company, Fandango.
New Products/Services
Year: 2020
In April, the company's Walmart Canada launched PayPal as a method of payment to purchase groceries
and other essentials online from Walmart.
Corporate Changes/Expansions
Year: 2020
In April, the company announced to open its first COVID-19 testing site in Texas, the US.
New Products/Services
Year: 2020
In April, the company announced to introduce express delivery, a new doorstep delivery service to the
customers.
Plans/Strategy
Year: 2020
In May, the company announced its plans to discontinue its Jet.com e-commerce subsidiary.
Contracts/Agreements
Year: 2020
In May, the company entered into a partnership with thredUP to enter the fashion resale market by
offering pre-owned footwear, clothing, and handbags on its e-commerce platform.
Contracts/Agreements
Year: 2020
In June, the company's subsidiary, Sam’s Club entered into a partnership with VeChain for the
development of a service that can trace food products.
Plans/Strategy
Year: 2020
In June, the company announced its plans to open six COVID-19 testing sites in Hampton Roads.
Asset Purchase
Year: 2020
In June, the company acquired technology and intellectual property from CareZone.
Contracts/Agreements
Year: 2020
In June, the company entered into a partnership with Shopify to expand its online marketplace.
Corporate Changes/Expansions
Year: 2020
In June, the company opened its new health center in Springdale, Arkansas, the US.
New Products/Services
Year: 2020
In June, the company's Walmex division launched a new pre-paid MVNO service in Mexico under the
Bodega Aurrera Internet y Telefonia brand.
Contracts/Agreements
Year: 2020
In July, the company entered into a partnership with Tribeca Enterprise, to transform 160 of its store
parking lots into drive-in movie theaters.
Others
Year: 2020
In July, the company created an insurance agency under the name Walmart Insurance Services LLC.
Acquisitions/Mergers/Takeovers
Year: 2019
In April, the company announced its plans to acquire technology and assets of Polymorph Labs.
Contracts/Agreements
Year: 2019
In April, Walmart partnered with Kidbox, an online styling service for children, to provide its customers
with an exclusive, curated style box.
Corporate Changes/Expansions
Year: 2019
In April, Walmart opened its first AI-powered Intelligent Retail Lab in Levittown, New York, the US.
Contracts/Agreements
Year: 2019
In May, the company extended their partnership with Ria Money Transfer to include domestic payout at
all Walmart locations in the US.
Plans/Strategy
Year: 2019
In May, Walmart announced its plans to acquire StoreKing, a Bengaluru-based tech company.
Corporate Changes/Expansions
Year: 2019
In May, the company announced its plans to open its new Bentonville headquarters in the northwest
Arkansas city, the US.
Contracts/Agreements
Year: 2019
In May, the company collaborated with Covera Health to improve the quality of healthcare for eligible
associates by helping them avoid misguided and unnecessary treatment based on inaccurate radiology
diagnoses.
Contracts/Agreements
Year: 2019
In May, Walmart Canada partnered with Procter & Gamble to launch a Clean Water program.
Contracts/Agreements
Year: 2019
In May, Walmart secured a contract to expand the distribution of Eastside’s Redneck Riviera Whiskey
1.75 Liter Nationwide.
Plans/Strategy
Year: 2019
In June, Walmart announced its plans to sell Myntra Brands in the US.
Contracts/Agreements
Year: 2019
In June, the company signed an agreement with US Solar for 36 community solar gardens located at
Minnesota, the US.
Plans/Strategy
Year: 2019
In June, the company announced its plans to invest US$1.2 billion to fund the operations of Flipkart.
Plans/Strategy
Year: 2019
In July, the company announced its plans to invest US$1.2 billion to renovate more than 10 logistics
centers in China.
Acquisitions/Mergers/Takeovers
Year: 2019
In July, the company acquired two startups FloCare, and BigTrade in Bangalore, India.
Acquisitions/Mergers/Takeovers
Year: 2019
New Products/Services
Year: 2019
In July, the company a new advanced scheduling system, supported by JDA Workforce Management.
Corporate Changes/Expansions
Year: 2019
In July, the company opened its 25th cash-and-carry store in Indore, Madhya Pradesh, India.
Contracts/Agreements
Year: 2019
In August, the company and Gatik entered into a partnership to introduce a commercial service to deliver
goods.
Corporate Changes/Expansions
Year: 2019
In August, the company announced its plans to open cash and carry stores in Kurnool and Tirupati in
Andhra Pradesh, India.
Corporate Changes/Expansions
Year: 2019
In August, Walmart announced the opening of its new Walmart Health clinic in Georgia.
Corporate Changes/Expansions
Year: 2019
In September, the company subsidiary,Walmart India announced the opening of 4th store in the state of
Telangana and 27th in India.
Plans/Strategy
Year: 2019
In May, the company selected Arup and announced its plans to build its new headquarters campus in
Bentonville, Arkansas.
Plans/Strategy
Year: 2019
In September, the company announced its plans to expand the reach of Delivery Unlimited, its grocery
delivery service, to 1,400 stores.
Corporate Changes/Expansions
Year: 2019
In September, the company announced to open supply chain training academy in Texas, the US.
New Products/Services
Year: 2019
In October, the company and Roku introduced the onn.TM • Roku Smart Soundbar and onn.TM • Roku
Wireless Subwoofer.
Contracts/Agreements
Year: 2019
In October, Walmart Canada partnered with Cornershop to expand its operations to 14 stores in the
Greater Toronto Area.
Contracts/Agreements
Year: 2019
In October, the company entered into an agreement with ENGIE US Wind to build an 366 MW of wind
projects in the US.
Contracts/Agreements
Year: 2019
In October, the company partnered with Green Dot to create an accelerator that focuses on the
intersection of retail and consumer financial services.
Contracts/Agreements
Year: 2019
In November, the company and MoneyGram International extended their agreement to provide
MoneyGram powered by white-label Walmart2World money transfer to become part of broader
marketplace.
Contracts/Agreements
Year: 2019
In November, the company and the Salvation Army entered into a partnership regarding a Toy Drive.
Plans/Strategy
Year: 2019
In November, the company announced its plans to open Walmart Supercenter in Linden, New Jersey, the
US.
New Products/Services
Year: 2019
In September, the company launched Delivery Unlimited, a Grocery Delivery membership option for
customers.
Year: 2019
In November, the company's Walmart Canada partnered with Telus Health to deploy Ubik, the new
pharmacy management solution for its Acces pharma franchised locations across Quebec.
Contracts/Agreements
Year: 2019
In November, the company collaborated with Apple to allow customers to order online groceries with their
voice on Siri.
New Products/Services
Year: 2019
Plans/Strategy
Year: 2019
In November, the company's subsidiary Jet announced its plans to end fresh grocery delivery.
Contracts/Agreements
Year: 2019
In November, Walmart and Nestle, Borealis signed the New Plastics Economy Global Commitment to
address plastics waste and pollution.
New Products/Services
Year: 2019
In December, Walmart India, a subsidiary of the company, partnered with HDFC Bank to launch a co-
branded credit card for members of its Best Price Modern Wholesale stores.
Contracts/Agreements
Year: 2019
In December, the company signed a deal with DarioHealth to launch Dario-powered digital diabetes app
available on its online store.
Corporate Changes/Expansions
Year: 2019
In December, Walmart Canada and SCI Canada announced the opening of its distribution centre in
Mississauga, Ontario.
Financing Agreements
Year: 2019
In December, Walmart and Flipkart jointly invested in Ninjacart to broaden their grocery segment.
New Products/Services
Year: 2019
In April, the company and Google launched a voice-activated grocery shopping service, powered by
google assistant.
New Products/Services
Year: 2019
In December, the company along with Roku announced to introduce the new Atvio Roku TV lineup of
smart TV in Mexico.
Corporate Changes/Expansions
Year: 2019
In December, the company announced to open a data science and software development operation in
Dublin, Ireland.
Acquisitions/Mergers/Takeovers
Year: 2017
Contracts/Agreements
Year: 2016
Acquisitions/Mergers/Takeovers
Year: 2014
In September, the company acquired three wholesale stores in India from Carrefour S.A.
Contracts/Agreements
Year: 2012
In November, Walmart extended its strategic partnership with Ticketmaster to include features of the
Walmart Ticket Values program.
Contracts/Agreements
Year: 2019
In February, the company entered into omni-channel partnership with fintech firm Affirm, Inc. to help its
customers pay online.
New Products/Services
Year: 2019
In February, the company launched Hello Bello brand baby products in its stores.
Contracts/Agreements
Year: 2019
In January, the company entered into a partnership with Fanatics to launch sports merchandise.
Contracts/Agreements
Year: 2019
In April, the company selected Olapic that will help suppliers collect, curate and activate user-generated
and influencer content for its Connected Content Partner Program.
Contracts/Agreements
Year: 2019
In March, the company and Koios Beverage entered into a vendor agreement to enhance their presence
in functional beverage industry.
Contracts/Agreements
Year: 2019
In March, Sleep Country entered into a partnership agreement with Walmart to offer Canadians Bloom
mattress-in-a-box collection on Walmart.ca.
Plans/Strategy
Year: 2019
In January, Walmart announced its plans to open its high-tech consolidation center in Colton, California.
Contracts/Agreements
Year: 2019
In January, Walmart signed a multi-year agreement with CVS Health for PBM Pharmacy Network.
Acquisitions/Mergers/Takeovers
Year: 2019
In February, the company acquired Israeli natural language processing startup Aspectiva.
Contracts/Agreements
Year: 2019
In January, Walmart partnered with Point Pickup, Skipcart, AxleHire, and Roadie, to expand its grocery
home delivery service in the U.S.
Contracts/Agreements
Year: 2019
In January, the company and Amazon collaborated to fight against new Indian E-Commerce rules.
Contracts/Agreements
Year: 2018
In December, the company entered into a collaboration with the U.S. Department of Veterans Affairs (VA)
to offer VA-led telehealth services to reach underserved Veterans.
Contracts/Agreements
Year: 2018
In December, Walmart and Express Scripts extended their network agreement to offer access to
Walmart's prescription services for Express Scripts clients' covered members.
Corporate Changes/Expansions
Year: 2018
In December, Walmart and Rakuten opened the new Walmart eCommerce store in Japan.
Acquisitions/Mergers/Takeovers
Year: 2018
In December, Walmart announced its plans to acquire Art.com, an online artwork retailer.
Contracts/Agreements
Year: 2018
In December, the company partnered with Salvation Army to supply bike to kids.
Corporate Changes/Expansions
Year: 2018
In June, the company's e-Commerce clothing retailer, ModCloth announced to expand its presence
across the US.
New Products/Services
Year: 2018
In November, the company launched same-day grocery delivery service, Walmart To Go in China.
Plans/Strategy
Year: 2018
In November, Walmart announced its plan to integrate Jabong into Myntra business.
Plans/Strategy
Year: 2018
In November, Walmart announced its plan to launch an Intelligent Retail Lab in its stores in Levittown,
New York.
Corporate Changes/Expansions
Year: 2018
In October, Kendall + Kylie collection expanded their affordable handbags and small accessories for the
company.
Corporate Changes/Expansions
Year: 2018
In November, the company opened a B2B Cash and Carry store in Visakhapatnam, Andhra Pradesh,
India.
Litigation
Year: 2018
In November, Walmart filed a lawsuit against Synchrony Financial, its credit-card issuer.
Contracts/Agreements
Year: 2018
In October, the company and Metro Goldwyn Mayer (MGM) signed a partnership to bring fresh licensed
content to Vudu on-demand video streaming service.
Plans/Strategy
Year: 2018
In October, Walmart announced its plans to invest US$200 million with Eko, a joint venture.
Contracts/Agreements
Year: 2018
In October, Walmart and PayPal signed a partnership for allowing PayPal mobile app users to withdraw
cash from and deposit cash into their PayPal accounts at Walmart stores.
Contracts/Agreements
Year: 2018
In October, Walmart partnered with Advance Auto Parts to open an auto parts specialty store on
Walmart.com.
Contracts/Agreements
Year: 2018
In October, the company and Gerber partnered to launch a new baby food product line.
Contracts/Agreements
Year: 2018
In October, Walmart signed an agreement with SunPower to install solar systems at nineteen stores and
two distribution centers in Illinois, the US.
Plans/Strategy
Year: 2018
In October, the company announced its plans to roll out the new Check Out With Me service for its
customers.
Financing Agreements
Year: 2018
In November, the company invested in Team8 to raise US$85 million for Team8's cybersecurity
companies.
Acquisitions/Mergers/Takeovers
Year: 2018
Acquisitions/Mergers/Takeovers
Year: 2018
Contracts/Agreements
Year: 2018
In September, the company collaborated with International Business Machines Corp to develop a block
chain-based system for supply chain management.
Contracts/Agreements
Year: 2018
In October, the company entered into an agreement to acquire Eloquii, an online plus-size women
clothing retailer for an undisclosed amount.
Contracts/Agreements
Year: 2018
In October, the company entered into a pre-trial agreement with Alberta Health Services regarding selling
contaminated food of Fort McMurray wildfire.
Plans/Strategy
Year: 2018
In September, Eastside Distilling, a craft spirits maker, announced its plans to introduce Redneck Riviera
Whiskey to Walmart’s fine spirits portfolio in Indiana, the US.
Corporate Changes/Expansions
Year: 2018
In September, Walmart opened its new business-to-business cash and carry store in India.
Contracts/Agreements
Year: 2018
In September, Walmart and IBM partnered to introduce a blockchain-based supply chain management
system.
Plans/Strategy
Year: 2018
In September, the company announced its plans to provide an online grocery home delivery in Wichita,
Contracts/Agreements
Year: 2018
In September, Waymo collaborated with Avis, Walmart, and AutoNation to advance the access to self-
driving cars.
New Products/Services
Year: 2018
In September, the company introduced a new last-mile delivery pilot programme, Spark Delivery.
Financing Agreements
Year: 2018
In September, the company invested US$41 million in an e-commerce fulfillment center located in
Kentucky, the US.
Corporate Changes/Expansions
Year: 2018
In August, the company planned to build an army of autonomous robots controlled through a blockchain
network.
Acquisitions/Mergers/Takeovers
Year: 2018
In August, Amazon announced its plans to acquire Walmart's e-commerce operations in Mexico.
Plans/Strategy
Year: 2018
In August, Advent International announced its plans to invest US$485 million in Walmart operations at its
stores in Brazil.
Contracts/Agreements
Year: 2018
In August, Marine Stewardship Council paired up with the company and the China Chain Store and
Franchising Association (CCFA) to launch sustainable seafood week in Shenzhen, China.
New Products/Services
Year: 2018
In January, the company paired up with Rakuten to enter into the E-Book market.
Others
Year: 2018
In August, Walmart awarded the distribution of a2 Milk Company into Walmart stores.
Contracts/Agreements
Year: 2018
In August, Walmart partnered with Rakuten for an online grocery and to sell Rakuten's Kobo in Japan.
Contracts/Agreements
Year: 2018
In August, Walmart and Rakuten launched Walmart eBooks by Rakuten Kobo, which includes
comprehensive eBook, audiobook, and eReader solution to the U.S. Walmart customers.
Contracts/Agreements
Year: 2018
In August, the company entered into a partnership with Anthem, for OTC drugs.
Contracts/Agreements
Year: 2018
In August, Walmart and Anthem collaborated to minimize healthcare costs and provide more access to
over the counter medicines and services.
Contracts/Agreements
Year: 2018
In August, the company partnered with Ellen DeGeneres for new clothing line, EV1.
Acquisitions/Mergers/Takeovers
Year: 2018
In August, the company announced the acquisition of 77% stake in Indian e-commerce firm, Flipkart for
US$16 billion.
Corporate Awards
Year: 2018
In August, Walmart established two new charging stations for electric vehicles (EV) at Supercenter
locations in Arkansas, the US.
Corporate Changes/Expansions
Year: 2018
In August, Walmart opened a new distribution center in Mobile, Alabama, the US, worth US$135 million.
Acquisitions/Mergers/Takeovers
Year: 2018
In August, the company secured the Competition Commission of India (CCI) approval for the acquisition
of Flipkart, an e-commerce firm based in India.
Financing Agreements
Year: 2018
In August, Dada-JD Daojia raised US$500 million from Walmart and JD.com.
Contracts/Agreements
Year: 2018
In August, Walmart partnered with Alert Innovation to launch a pilot, using automation technology to fill
online grocery orders faster.
Contracts/Agreements
Year: 2018
In August, InnerScope Hearing signed a supplier agreement with Walmart.com USA to sell hearing aid
devices and its personal sound amplifiers products to Walmart.com.
New Products/Services
Year: 2018
In July, the company introduced a new shopping destination in the baby department focused on the items
for the nursery.
Plans/Strategy
Year: 2018
In July, the company plans to open fifty B2B stores across India.
Contracts/Agreements
Year: 2018
In July, the company partnered with Capital One Financial for store-branded credit card.
Plans/Strategy
Year: 2018
In July, the company announced its plans to open six more stores in Uttar Pradesh, India.
Plans/Strategy
Year: 2018
In July, Walmart announced its plans to offer same-day delivery of fresh and frozen food, including other
wares, to the US.
Contracts/Agreements
Year: 2018
In July, Walmart signed a partnership with Microsoft to accelerate the digital transformation in retail sector
using Microsoft cloud solutions.
Contracts/Agreements
Year: 2018
In March, the company entered into an agreement with PSO, on wind catcher energy connection.
Contracts/Agreements
Year: 2018
In July, the company and Microsoft collabrated to enhance Walmart’s digital transformation in retail.
Plans/Strategy
Year: 2018
Plans/Strategy
Year: 2018
Plans/Strategy
Year: 2018
In June, the company announced its plans to open a new store at Plano, Texas.
Plans/Strategy
Year: 2018
In July, Walmart announced its plans to open a new e-commerce center in New York City, the US.
New Products/Services
Year: 2018
In June, the company introduced 3D virtual shopping tour on its website that would help customers
browse and choose items.
Plans/Strategy
Year: 2018
In June, the company plans to sell an exclusive, monthly anthology comic series in its stores across the
US.
Plans/Strategy
Year: 2018
In April, the company plans to open twenty new stores and expand online grocery pickup to more stores.
Plans/Strategy
Year: 2018
In June, the company announced its plans to close Edna retail store.
Plans/Strategy
Year: 2018
In June, the company announced its plans to close Illinois retail store in Clinton.
Contracts/Agreements
Year: 2018
In June, Walmart entered into a distribution deal to introduce FORTO coffee shots in two flavors,
Hershey's chocolate latte and vanilla latte in its stores.
Plans/Strategy
Year: 2018
In February, Walmart announced its plans to open a US$200 million eCommerce fulfillment center in Polk
County, Florida, the US.
New Products/Services
Year: 2018
In February, the company launched a new all-encompassing mobile app solution, the Store Assistant,
reimagining in-person shopping.
Patent Grant
Year: 2018
In June, Walmart secured a patent for a blockchain based system designed to store a patient’s vital
medical records in a database.
Corporate Changes/Expansions
Year: 2018
In June, the company opened its new milk processing facility in Fort Wayne, Indiana, the US.
New Products/Services
Year: 2018
In June, the company launched its Winemakers Selection of private label wine.
Contracts/Agreements
Year: 2018
In May, the company and Chicken of the Sea signed an agreement for introducing series of programs and
promotions.
Plans/Strategy
Year: 2018
In April, Walmart announced its plans to spend US$200 million in Florida, the US, to open and remodel
43 stores.
Acquisitions/Mergers/Takeovers
Year: 2018
In June, Walmart sold 80% stake in its Brazilian operations to Advent International.
New Products/Services
Year: 2018
In June, the company's store No 8, a technology incubator launched a shopping service, Jetblack.
New Products/Services
Year: 2018
In May, the company launched Jetblack, a concierge-style service for requesting stuff and quick delivery
to order goods from website by text messages.
Contracts/Agreements
Year: 2018
In March, the company partnered with FedEx to feature small-format FedEx Office locations at Walmart's
stores.
Corporate Changes/Expansions
Year: 2018
In May, the company announced to introduce Lord & Taylor store products on Walmart.com.
Contracts/Agreements
Year: 2018
In May, the company and Uber signed a partnership for the delivery of groceries to people's homes.
Contracts/Agreements
Year: 2018
In May, the company and Sharecare partnered to improve health and wellbeing of associates and
communities.
Acquisitions/Mergers/Takeovers
Year: 2018
In May, the company agreed to acquire 77% stake in India's largest online retailer, Flipkart for US$16
billion.
Plans/Strategy
Year: 2018
In January, the company announced its plans to launch a new opioid disposal solution, DisposeRx to fight
against Opioid abuse and misuse.
Contracts/Agreements
Year: 2018
In April, the company and Target partnered to launch electric vehicle charging stations at its stores.
Contracts/Agreements
Year: 2018
In April, the company and DoorDash partnered to expand Walmart's Online Grocery Delivery service in
the Atlanta metro area, the US.
Contracts/Agreements
Year: 2018
In April, Walmart and J Sainsbury partnered to combine Walmart's Asda Group and Sainsbury’s.
Others
Year: 2018
Contracts/Agreements
Year: 2018
In April, Walmart and Handy partnered to provide Handy’s installation and assembly services for
televisions and furniture in more than 2,000 Walmart stores across 45 states.
Contracts/Agreements
Year: 2018
In April,Walmart partnered with Postmates to expand its grocery home delivery services.
Plans/Strategy
Year: 2018
In April, the company announced its plans to invest US$277 million to remodel its 45 stores in Texas, the
US.
New Products/Services
Year: 2018
New Products/Services
Year: 2018
In February, the company launched Time and Tru, Terra & Sky, Wonder Nation and George private label
brands in its physical stores and online platforms.
New Products/Services
Year: 2018
In March, the company launched online grocery delivery service in more than 100 metro stores across the
US.
New Products/Services
Year: 2018
In January, the company launched Scan & Go application in additional 100 Walmart stores across the
US.
Contracts/Agreements
Year: 2018
In January, the company entered into a strategic alliance agreement with Rakuten, the number one e-
commerce company in Japan offered eBooks and audiobooks to its customers across the US.
New Products/Services
Year: 2018
In April, the company launched Walmart2World that offers low flat fees for its users to manage their
payment transactions in a fast and convenient manner.
Corporate Changes/Expansions
Year: 2018
New Products/Services
Year: 2018
In March, the company launched a new AI shelf-scanning technology to four stores in Southern
California, the US.
Contracts/Agreements
Year: 2018
In March, Walmart signed an agreement with Tencent to use WeChat payment system in all its stores in
China.
Patent Grant
Year: 2018
In March, Walmart filed six patents for a fleet of robotic bee drones.
New Products/Services
Year: 2018
In March, the company launched the new private label clothing brands.
Plans/Strategy
Year: 2018
In March, the company plans to invest in a new drone technology to extend its presence in food-growing
business.
New Products/Services
Year: 2018
Others
Year: 2018
Contracts/Agreements
Year: 2018
In January, the company and Japan's Rakuten teamed up to introduce a new online grocery delivery
service.
Contracts/Agreements
Year: 2018
In February, the company's Sam’s Club and Instacart partnered to offer same day delivery of groceries
and daily essentials to households in the US markets.
Contracts/Agreements
Year: 2018
In January, Walmart entered into an alliance with JD.com, IBM and Tsinghua University to leverage
blockchain for food safety.
Others
Year: 2018
In January, the company announced fresh online experience technology patent to its customers.
Corporate Changes/Expansions
Year: 2017
In September, the company opened its 1000th online pickup grocery location in Seattle, Washington, the
US.
New Products/Services
Year: 2017
In November, the company launched Walmart.com/usmilitary portal that offers a range of officially
licensed products across all five branches of the U.S. Armed Forces such as U.S. Army, U.S. Navy, U.S.
Air Force, U.S. Marine Corps and U.S. Coast Guard.
Contracts/Agreements
Year: 2017
In October, the company in partnership with Google launched Google Home Mini, a voice-activated
speaker that offers hassle free experience to its users.
Contracts/Agreements
Year: 2017
In December, IBM and Walmart collaborated with China’s JD.com and Tsinghua University to improve
transparency in the Chinese food supply chain.
New Products/Services
Year: 2017
In October, the company launched mobile express returns to exchange online items in physical stores.
New Products/Services
Year: 2017
In September, the company introduced new and improved private brand baby products.
Corporate Changes/Expansions
Year: 2017
In October, the company opened its new Sacramento store in the Delta shores shopping complex.
New Products/Services
Year: 2017
In October, the company along with the Italian Trade Agency introduced Sam’s Choice Italia.
Contracts/Agreements
Year: 2017
In November, SAS Retail Services was selected as one of only five preferred service providers by the
Walmart.
Contracts/Agreements
Year: 2017
In November, Walmart.com entered into an agreement with Lord & Taylor to introduce premium fashion
brands of Lord & Taylor flagship on its online platform.
Corporate Changes/Expansions
Year: 2017
In September, Walmart India announced plans to launch its Cash & Carry business in Mumbai for
enabling small businesses prosper.
New Products/Services
Year: 2017
In September, the company relaunched its Parent’s Choice brand and introduced nearly 120 new items.
New Products/Services
Year: 2017
In October, the company announced to launch Mobile Express Returns, an mobile based application to
simplify returning process.
Financing Agreements
Year: 2017
Corporate Changes/Expansions
Year: 2017
In August, the company's Grocery Delivery expanded its services to Tampa Bay area.
Corporate Changes/Expansions
Year: 2017
In August, the company's grocery delivery service partnered with Uber, a ride-hailing service, to Dallas
and Orlando, Florida.
Asset Disposal
Year: 2017
In August, Hampshire Companies acquired a six store Walmart Neighborhood Markets portfolio in
southern Louisiana, the US from SkilkenGold Real Estate Development.
Contracts/Agreements
Year: 2017
In August, the company and Kwikee partnered for the operation and maintenance of a content-creation
studio in a fulfillment center in Chino Hills, California, the US.
Plans/Strategy
Year: 2017
In July, Walmart plans to expand its online grocery ordering to San Diego, the US.
New Products/Services
Year: 2017
Corporate Changes/Expansions
Year: 2017
In August, the company launched a new product, fruit punch-soaked pickles, to its stores.
Contracts/Agreements
Year: 2017
In July, Plug Power and Walmart collaborated to expand its relationship for Plug Power to access project
financing.
Corporate Changes/Expansions
Year: 2017
In July, the company opened a new e-commerce fulfillment center in Davenport, Florida, the US.
Commercial Operation
Year: 2017
In July, the company expanded its reach by opening its new market center in New Caney, the US.
Contracts/Agreements
Year: 2017
In June, the company collaborated with Cin7, a cloud-based inventory management, owned product suite.
Corporate Changes/Expansions
Year: 2017
In June, the company expanded its reach with new market in North Stafford.
New Products/Services
Year: 2017
Acquisitions/Mergers/Takeovers
Year: 2017
In June, the company entered into an agreement to acquire Bonobos Inc., an online apparel retailer for
US$310 million.
Corporate Changes/Expansions
Year: 2017
Plans/Strategy
Year: 2017
In February, the company plans to open its third no-checkout store in Tomball, Texas, the US.
Plans/Strategy
Year: 2017
Plans/Strategy
Year: 2017
In April, the company opened its 100th training center in Oklahoma, the US.
New Products/Services
Year: 2017
In April, the company launched an ASDA store on JD Worldwide, in JD.com, to sells its British products to
China.
New Products/Services
Year: 2017
In April, the company introduced its grocery pickup service to metro Detroit.
Corporate Changes/Expansions
Year: 2017
In April, the company expanded its reach with new market in Meridian.
Contracts/Agreements
Year: 2017
In April, the company and McLane Company, Inc., a supply chain services company, renewed their
service agreement.
Plans/Strategy
Year: 2017
In March, the company's Chilean unit to invest there for over the next three years with US$800 million.
Corporate Changes/Expansions
Year: 2017
In March, the company opened its new neighborhood market store in Myrtle Beach, South Carolina, the
US.
Corporate Changes/Expansions
Year: 2017
In March, the company introduced technology incubator in Silicon Valley to focus on technologies.
Acquisitions/Mergers/Takeovers
Year: 2017
In March, the company acquired ModCloth, an e-c commerce platform for women’s fashion and
accessories.
Plans/Strategy
Year: 2017
In January, the company plans to invest US$6.8 billion for the construction and remodeling of stores,
distribution centers and clubs in the US.
Acquisitions/Mergers/Takeovers
Year: 2017
In February, Walmart acquired Moosejaw, an online outdoor retailer, for a value at around US$51 million.
Acquisitions/Mergers/Takeovers
Year: 2017
In February, the company acquired additional 1.3% stake in China’s second largest e-commerce firm,
JD.com Inc.
Plans/Strategy
Year: 2017
In January, Walmart planned to open a new store in central Texas, the US.
Acquisitions/Mergers/Takeovers
Year: 2017
In January, the company announced the acquisition of ShoeBuy, an online footwear retailer.
Corporate Changes/Expansions
Year: 2016
Contracts/Agreements
Year: 2016
In November, Walmart Stores entered into an agreement with eTrueNorth to utilize eTrueNorth ePOCT
Suite of solutions to launch CLIA-Waived laboratories.
Contracts/Agreements
Year: 2016
In September, Walmart along with MoneyGram introduced new Online Money Transfer Service Platform.
Corporate Changes/Expansions
Year: 2016
Corporate Changes/Expansions
Year: 2016
Litigation
Year: 2016
In December, Run-DMC filed suit against Amazon, Infinity Fashion, Jet, SW Global Corp., Vision World
and Walmart Stores for the issue of trademark infringement.
Contracts/Agreements
Year: 2016
In September, Walmart along with MoneyGram launched new online money transfer platform for
providing quality and convenient financial services.
Contracts/Agreements
Year: 2016
In October, Walmart along with JD.com launched the new offerings to expand the convenience of online
shopping for Chinese consumers.
Contracts/Agreements
Year: 2016
In October, Walmart entered into a collaboration with Tsinghua University Tsinghua University for
improving the tracking and delivery details across China.
Acquisitions/Mergers/Takeovers
Year: 2016
Corporate Changes/Expansions
Year: 2016
The company opened its first training academy in Williamstown, New Jersey, the US.
Corporate Changes/Expansions
Year: 2016
The company plans to open two new supercenter stores in Oklahoma city
New Products/Services
Year: 2016
The company announced to launch Vudu Movies on Us, its video streaming service.
Acquisitions/Mergers/Takeovers
Year: 2016
The company acquired additional 4.9% stake in JD.com, Inc., a China-based online direct sales
company.
Acquisitions/Mergers/Takeovers
Year: 2016
The company announced the acquisition of New Dada, a Chinese online grocery company, for US$50
million..
Contracts/Agreements
Year: 2016
The company expanded its relationship with Chase, to process payments on ChaseNet.
Corporate Changes/Expansions
Year: 2016
In September, the company announced to open its first training academy inside a Central Oahu store in
Hawaii, the US.
Corporate Changes/Expansions
Year: 2016
Acquisitions/Mergers/Takeovers
Year: 2016
The company announced the acquisition of online discount retailer, Jet.com Inc.
Divestiture
Year: 2016
The company sold its 41 former Walmart express stores in US to Dollar General.
Contracts/Agreements
Year: 2016
The company announced a new strategic relationship with Publicis Groupe, which will give Walmart
unfettered access to all of Publicis Groupe’s agencies and resources.
New Products/Services
Year: 2016
The company introduced a Walmart Pay, a fast, easy and secure way for customers to pay with their
smartphones in Walmart stores.
Contracts/Agreements
Year: 2016
The company entered into a strategic alliance with JD.com, to better serve consumers across China
through a powerful combination of e-commerce and retail.
Divestiture
Year: 2016
The company planned to sell its 4% stakes in Yihaodian website to JD.com Inc for around US$1.5 billion.
Contracts/Agreements
Year: 2016
The company entered into a collaboration agreement with McKesson Corporation, for generic
pharmaceuticals and an expanded long-term distribution agreement.
Corporate Changes/Expansions
Year: 2016
Corporate Changes/Expansions
Year: 2016
The company announced the opening of new Walmart Neighborhood Market in Cypress, Texas, USA.
Plans/Strategy
Year: 2016
Contracts/Agreements
Year: 2016
The company partnered with MasterCard Incorporated, to introduce the MasterPass by MasterCard, a
digital payments platform across the company's domestic online properties to improve its online and
mobile checkout process.
Corporate Changes/Expansions
Year: 2015
The company opened its new eCommerce fulfillment center in Atlanta, Georgia.
Corporate Changes/Expansions
Year: 2015
Corporate Changes/Expansions
Year: 2015
The company opened a new e-Commerce fulfillment center in Bethlehem, Pennsylvania, the US
Acquisitions/Mergers/Takeovers
Year: 2015
Regulatory Approval
Year: 2015
The company received approval from Chinese regulators to acquire a majority stake in Yihaodian.
Contracts/Agreements
Year: 2015
The company extended its prepaid-card and banking relationship with Green Dot.
Year: 2015
The company partnered with Alibaba to launch the Alipay mobile payment service in China.
New Products/Services
Year: 2015
The company's division Sam’s Club launched Extra Value Drug List, a program to save 10% to 30% on
select brand name medications.
Contracts/Agreements
Year: 2015
The company entered into a power purchase agreement with Akuo Energy USA, Inc., for 50 MWs of
capacity from the Rocksprings Wind Farm.
New Products/Services
Year: 2015
The company introduced an online shopping portal called ‘Sustainability Leaders shop’ on Walmart.com.
Plans/Strategy
Year: 2015
The company's subsidiary, Walmart Canada announced its plan to open 29 supercentres.
New Products/Services
Year: 2014
The Sam’s Club launched first retail travel application for iOS and android phone.
Corporate Changes/Expansions
Year: 2014
The company opened 79 supercenters, two discount stores, and 235 neighborhood markets and other
small formats stores in the US.
Corporate Changes/Expansions
Year: 2014
Acquisitions/Mergers/Takeovers
Year: 2014
The company acquired Yumprint, a recipe discovery and meal planning service provider.
Acquisitions/Mergers/Takeovers
Year: 2014
Acquisitions/Mergers/Takeovers
Year: 2014
Acquisitions/Mergers/Takeovers
Year: 2014
Corporate Changes/Expansions
Year: 2014
Contracts/Agreements
Year: 2014
The company joined forces with Barnes & Noble Inc., to lead online operations for the Sam's Club
warehouse unit.
Divestiture
Year: 2014
The company's subsidiary Walmart de México agreed to sell Banco Walmart to Mexico-based Banco
Inbursa.
Contracts/Agreements
Year: 2014
The company partnered with DirectHealth.com to launch Healthcare Begins Here, an in-store
comprehensive health insurance program.
New Products/Services
Year: 2014
The company, in partnership with Green Dot Corporation, launched GoBank checking account product in
the US.
Plans/Strategy
Year: 2014
New Products/Services
Year: 2014
The company launched back-to-college shopping for in store and online customers.
Contracts/Agreements
Year: 2014
The company partnered with AutoInsurance.com to provide an auto insurance comparison service for
customers.
New Products/Services
Year: 2014
Walmart introduced the Advanced Vehicle Experience, a tractor-trailer combination featuring modern
aerodynamics, an advanced turbine-powered range, and powerful control systems.
Contracts/Agreements
Year: 2013
In November, Agaia partnered with Walmart to introduce Evolve, a new green cleaning technology for
consumers.
Acquisitions/Mergers/Takeovers
Year: 2013
Acquisitions/Mergers/Takeovers
Year: 2013
Acquisitions/Mergers/Takeovers
Year: 2013
The company acquired 50% stake in Bharti Walmart Pvt Ltd. in India.
Contracts/Agreements
Year: 2012
The company entered into an agency agreement with Li & Fung Ltd. that supersedes the previous buying
agency agreements.
Contracts/Agreements
Year: 2011
The company signed an agreement with Universal Studios to carry exclusive merchandise tied to Hop.
Acquisitions/Mergers/Takeovers
Year: 2011
The company's digital technology division, Walmart Labs acquired Grabble, a point-of-sale development
company.
Acquisitions/Mergers/Takeovers
Year: 2011
Acquisitions/Mergers/Takeovers
Year: 2011
The company acquired 51% stake in South African-based Massmart Holdings Limited.
Acquisitions/Mergers/Takeovers
Year: 2011
Corporate Awards
Year: 2010
The company was ranked first among retailers in Fortune Magazine’s most admired companies’ survey.
Acquisitions/Mergers/Takeovers
Year: 2010
The company acquired VUDU, Inc., a leading provider of digital technologies and services that enable the
delivery of entertainment content directly to broadband high-definition TVs and Blu-ray players.
Contracts/Agreements
Year: 2010
The company entered into a strategic partnership with Seventh Generation for the supply of
environmentally-friendly and sustainable products at more than 1,500 stores.
Corporate Awards
Year: 2010
Walmart Brazil received the C.K. Prahalad Award for Global Sustainability Leadership.
New Products/Services
Year: 2010
The company launched a private label Member’s Mark ultra premium French Distilled Vodka under the
label Rue 33.
Corporate Changes/Expansions
Year: 2008
New Products/Services
Year: 2008
The company launched six coffee products under its Sam’s Choice brand.
Corporate Changes/Expansions
Year: 2007
Contracts/Agreements
Year: 2007
The company entered a 50:50 joint venture agreement with Bharti Enterprises to establish Bharti Walmart
(Private Limited) to enter India.
Corporate Changes/Expansions
Year: 2007
The company introduced neighborhood market concept to Naples with a new company design.
Acquisitions/Mergers/Takeovers
Year: 2007
The company purchased 35% interest in Bounteous Company, which operated hypermarkets in China
Corporate Changes/Expansions
Year: 2006
In April, the company opened the state-of-the-art Wal-Mart Distribution Center in the Houston Ship
Channel area.
Contracts/Agreements
Year: 2006
The company entered into long-term strategic marketing agreement with Eagles, including sponsorship,
exclusive audio and video releases, and product visibility.
Acquisitions/Mergers/Takeovers
Year: 2005
The company acquired about 140 stores in Brazil from Sonae, a Portuguese retailer.
Corporate Changes/Expansions
Year: 2005
The company purchased one-third interest in Central American Retail Holding (CARHCO), an operator of
supermarkets in Guatemala, El Salvador, Honduras, Nicaragua, and Costa Rica.
Acquisitions/Mergers/Takeovers
Year: 2005
The company entered into a joint venture with CITIC Pacific to open hundreds of stores in China.
Acquisitions/Mergers/Takeovers
Year: 2004
Walmart Brazil acquired Bompreco, of northeastern Brazil with 118 units (hypermarkets, supermarkets
and mini markets) of Royal Ahold.
Corporate Changes/Expansions
Year: 2002
The company started 107 international units, with 2 in Brazil, 22 in Canada, 8in China, 2 in Germany, 3 in
South Korea, 59 in Mexico, 2 in Puerto Rico and 9 in the UK.
Acquisitions/Mergers/Takeovers
Year: 2002
Corporate Changes/Expansions
Year: 2002
The company entered into Japanese market by acquiring a 6% stake in one of Japan's top retailers,
Seiyu.
Acquisitions/Mergers/Takeovers
Year: 2001
The company launched its ‘No Boundaries’ private label cosmetics brand.
Acquisitions/Mergers/Takeovers
Year: 1999
The company purchased 74 German-based Interspar hypermarkets and acquired ASDA Group of the UK.
Acquisitions/Mergers/Takeovers
Year: 1998
Acquisitions/Mergers/Takeovers
Year: 1997
Corporate Changes/Expansions
Year: 1996
Acquisitions/Mergers/Takeovers
Year: 1994
Corporate Changes/Expansions
Year: 1992
The company entered Mexico through a joint venture with Mexico's largest retailer, Cifra, to open Sam's
Clubs.
Acquisitions/Mergers/Takeovers
Year: 1990
Acquisitions/Mergers/Takeovers
Year: 1989
Contracts/Agreements
Year: 1987
The company started Hypermart USA as a joint venture with the Dallas-based supermarket chain Cullum
Companies (now Randall's Food Markets).
Corporate Changes/Expansions
Year: 1983
Stock Listings/IPO
Year: 1972
Incorporation/Establishment
Year: 1969
Key Employees
KEY EMPLOYEES
C. Douglas McMillon
Board:Executive Board
Job Title:Chief Executive Officer, Director, President
Since:2014
Age:53
Mr. C. Douglas McMillon has been the President, Chief Executive Officer and a Director of the company
since February 2014. He served as the President and Chief Executive Officer for Walmart International
from 2009 to 2014 and the President and Chief Executive Officer of Sam’s Club from 2005 to 2009. Mr.
McMillon served in various positions across all the business segments at Walmart for over 30 years. He
also serves as a Director in various organizations including The Consumer Goods Forum, Crystal Bridges
Museum of American Art and The US-China Business Council, and the Chairman of the Business
Roundtable.
Gregory B. Penner
Board:Executive Board
Job Title:Chairman
Since:2015
Age:50
Mr. Gregory B. Penner has been the Chairman of Walmart since 2015. He also serves as the General
Partner of Madrone Capital Partners LLC. Previously, Mr. Penner served as the Senior Vice President
and Chief Financial Officer of Japan at Walmart, and the Senior Vice President for Finance and Strategy
of Walmart.com. He served as the Financial Analyst of Goldman Sachs & Co and General Partner of
Peninsula Capital. Mr. Penner also served as a Director of Baidu Inc from 2004 to 2017 and Hyatt Hotels
Corporation from 2007 to 2014.
M. Brett Biggs
Board:Senior Management
Job Title:Chief Financial Officer, Executive Vice President
Since:2016
Age:51
Mr. M. Brett Biggs has been the Chief Financial Officer and Executive Vice President of the company
since 2016. He served as the Chief Financial Officer of Walmart International and Executive Vice
President of the company from 2014 to 2015. Mr. Biggs held various positions at the company including
the chief financial officer for Walmart US and Sam’s Club, Senior Vice President 0f International Strategy,
Mergers and Acquisitions, Senior Vice President of Corporate Finance, and the Senior Vice President of
Operations at Sam’s Club. He served in several M&A and corporate finance positions at Phillips
Petroleum Co, Leggett & Platt and Price Waterhouse.
Kathleen McLaughlin
Board:Senior Management
Job Title:Chief Sustainability Officer, Executive Vice President, President-Walmart Foundation
Ms. Kathleen McLaughlin has been the Chief Sustainability Officer, President of Walmart Foundation and
the Executive Vice President of the company. She held various positions for over 20 years at McKinsey &
Company. Ms. McLaughlin joined the company in 2013.
Jerry R. Geisler
Board:Senior Management
Job Title:Chief Information Security Officer, Senior Vice President
Mr. Jerry R. Geisler is the Senior Vice President and Chief Information Security Officer of the company.
Previously, he served as an advisory board member of the National STEM Consortium.
Ben-Saba Hasan
Board:Senior Management
Job Title:Chief Culture, Diversity and Inclusion Officer, Senior Vice President
Since:2015
Mr. Ben-Saba Hasan has been the Chief Culture, Diversity and Inclusion Officer and Senior Vice
President of the company since 2015. Previously, he served as the Senior Vice President of Strategic
Services of Walmart Technology. Earlier, he held various roles including Vice President of Corporate and
Product Group Information Technology of Dell, Inc for 11 years.
Suresh Kumar
Board:Senior Management
Job Title:Chief Technology Officer, Executive Vice President, Chief Development Officer
Since:2019
Age:55
Mr. Suresh Kumar has been the Chief Technology Officer, Executive Vice President and Chief
Development Officer of the company since 2019. Prior to that, he served as the Vice President and
General Manager of display, video, app ads and analytics for Google. Mr. Kumar served as the Corporate
Vice President of cloud infrastructure and operations for Microsoft. He also served as the Vice President
of technology for retail systems and operations at Amazon.
Janey Whiteside
Board:Senior Management
Job Title:Executive Vice President, Chief Customer Officer
Since:2019
Ms. Janey Whiteside has been the Chief Customer Officer and Executive Vice President of the company
since 2018. Prior to this, she held various roles at American Express for 20 years. Ms. Whiteside serves
as a Director of the American Red Cross of Greater New York Region.
Sameer Aggarwal
Board:Senior Management
Job Title:Chief Executive Officer-Best Price, Walmart India
Since:2020
Mr. Sameer Aggarwal has been the chief executive officer of the Best price of the company since 2020.
Prior to this role, he served as deputy Chief Executive Officer at Walmart India. Previously, he served as
Executive Vice-President at Walmart India.
Daniel Trujillo
Board:Senior Management
Job Title:Executive Vice President, Chief Ethics and Compliance Officer
Mr. Daniel Trujillo is the Chief Ethics and Compliance Officer and Executive Vice President of the
company. He joined the company as the Senior Vice President and Chief Compliance Officer in 2012. Mr.
Trujillo held various positions at Schlumberger Ltd for over 15 years, including the Legal Counsel of
Europe and Africa, Senior Legal Counsel, General Counsel of Latin America, Senior Legal Counsel of
Mergers and Acquisitions, and the Deputy General Counsel and a Director of Compliance. He also
worked at Cargill and civil court in Argentina.
Donna Morris
Board:Senior Management
Job Title:Chief People Officer, Executive Vice President
Since:2020
Age:52
Ms. Donna Morris has been the Chief People Officer and Executive Vice President of the company since
2020. She held various positions at Adobe Inc from 2002 to 2020, including the Chief Human Resources
Officer and Executive Vice President of Employee Experience.
Rachel Brand
Board:Senior Management
Job Title:Chief Legal Officer, Executive Vice President-Global Governance, Secretary
Since:2018
Age:46
Ms. Rachel Brand has been the Executive Vice President, Global Governance, Chief Legal Officer and
Secretary of the company since April 2018. Prior to this, she served as an Associate Attorney General in
the United States Department of Justice from May 2017 to February 2018.
William White
Board:Senior Management
Job Title:Chief Marketing Officer
Since:2020
Mr. William White serves as Chief Marketing Officer of the company. Prior to this White served as Senior
Marketing Executive at Target. White also worked with Coca Cola holding and Starcom MediaVest.
Products:
Apparel
Automotive Accessories
Bakery Items
Cellular Phones
Dairy Products
Deli
Electronics
Fabrics and Crafts
Frozen Foods
Grocery
Hardware and Paint
Health and Beauty Aids
Home Furnishings
Horticulture and Accessories
Household Chemicals
Housewares
Jewelry
Lawn and Garden Items
Meat
Outdoor Entertaining
Paper Goods
Pet Supplies
Shoes
Sporting Goods
Stationery and Books
Toys
Alcoholic and Non-alcoholic Beverages
Floral and Dry Grocery
Baby Products
Beauty Aids
Services:
Financial Services
Optical Services
Pharmacy
Photo Centers
Floral Departments
Brands:
Great Value
Equate
Ol’ Roy
Sam’s Choice
Spring Valley
Parent’s Choice
Everstart
Faded Glory
No Boundaries
George
Holiday Time
Adventure Force
Auto Drive
BlackWeb
My Life As
Onn
Kid Connection
Hyper Tough
Special Kitty
Spring Valley
Way to Celebrate
Mainstays
Ozark Trail
White Stag
Marketside
Prima Della
Member’s Mark
Sam’s Club
SWOT Analysis
SWOT ANALYSIS
Walmart Inc (Walmart) is a global retailer that operates a chain of grocery stores, supermarkets,
hypermarkets, department and discount stores, and neighborhood stores. Revenue growth, multi-channel
sales and customer-centric business operations are the company's major strengths, whereas legal issues
remain cause for concern. Growing e-commerce market, focus on online grocery market and focus on
innovation and technology are likely to offer growth opportunities to the company. However, intense
competition, stringent regulations and foreign exchange risks could affect its business operations.
Strength Weakness
Strength
Multi-channel Sales
Walmart retails its products through a combination of in-stores and online business formats. The company
owns most of its real estate, which improves its financial flexibility. It serves over 265 million customers
every week through 11,500 retail stores operating under 56 banners in 27 countries. As of January 2020,
the Walmart US segment operated a total of 4,756 retail stores, including 3,571 supercenters, 376
discount stores and 809 neighborhood stores and other small format stores. Approximately 79% of the
total merchandise is shipped through 162 distribution facilities that are strategically placed across the US.
It delivers e-commerce orders through 40 e-commerce fulfillment centers. It operated 6,146 retail stores in
various international markets such as Africa, Argentina, Canada, Central America, Chile, China, India,
Japan, Mexico and the UK, which includes 5,815 retail units, 313 wholesale units and 18 other units.
Retail units range in size from 1,400 sqft to 186,000 sqft; while wholesale stores ranges in size from
25,000 sqft to 156,000 sqft. It had 3,200 grocery pickup and delivery locations across its markets. The
company also serves 599 Sam’s membership-only warehouse clubs that range from 32,000 sqft and
168,000 sqft with an average size of over 134,000 sqft. Walmart sells merchandise through e-commerce
platforms in 10 countries. The company operates online sites under the banner names samsclub,
walmart, jet, JD, Walmart Mexico, asda walmart Canada, flipkart, hayneedle, shoes, moosejaw, modcloth
and bonobos. The company through Walmart site offers general merchandise, health and wellness, home
and apparel products and technology, office and entertainment related products to its users.
Walmart offers a broad assortment of products to its users at competitive prices compared to its peers.
The company implemented several programs, which help it achieve price leadership. Its major programs
include everyday low price (EDLP), everyday low cost (EDLC), Walmart Pickup, Pickup Today, Club
Pickup, Grocery Delivery, Grocery Pickup and Online Grocery schemes. Under the EDLP program, the
company offers and sell merchandise at various lower prices and assures customers that its prices do not
change under frequent promotional activities. Its EDLC program controls the expenses and other
overhead costs by applying various strategies that ensures to meet or to record below the competitor's
advertised price. The savings are passed on to its customers. The company’s Walmart Pickup is an
online order system, which enables customers to order online and pick it up for free through its stores or
distribution facilities. The Pickup Today is also an online order system, which allows customers to buy the
merchandise online and pick-up at a store within four hours free of cost as orders are fulfilled from
existing store inventory. Through Grocery Delivery and Grocery Pickup, Walmart delivers grocery orders
online to home or allows them to pick it up in participating stores and remote places. Such activities
enable the company to build long-term relationships with its existing customers and helps to attract new
customers in emerging and potential markets.
Revenue Growth
Strong revenue growth increases the company’s ability to allocate adequate funds for its future growth
prospect. In FY2020, the company reported revenue of Us$523,946 million as compared to revenue of
US$514,405 million in FY2019, an annual growth of 1.9%. Revenue growth was due to increase in
comparable sales for Sam's Club and Walmart US; and addition of Flipkart sales. Growth in revenue was
also due to increase in comparable store sales form majority of international markets. On a CAGR basis,
the company’s revenue increased 2.1% during 2016-2020.
Weakness
Legal Issues
Lawsuits could result in huge penalties and affect the company’s brand image. In January 2020, Sofia
Maynez, a customer filed a class action lawsuit against the company for deceptive in-store and on-app
pricing. The customer reported that the prices of products in the company’s app were less that of the
prices in-store. For example, on the Walmart app the company advertised the price of Huggies Wipes for
US$5.44 and Huggies Pull Ups at US$8.97 on the Walmart app, while the store they were sold at
US$12.54 and US$31.84, respectively. The plaintiff specified that these types of actions were violation to
California law including the Consumer Legal Remedies Act, the Unfair Competition Law, and the False
Advertising Law.
Opportunity
Shoppers in the US are now combining their online and offline behaviors and consider both modes of
shopping as interchangeable, forcing retailers to take measures to integrate online and offline retail
strategies and converting into an omni-channel platform. Increasing usage of internet, user-friendly
interface of web portals, enhanced discounts and offers, changing consumer patterns and purchasing
power are driving the growth of e-retail market. According to in-house research, online retail sector in the
US is forecast to grow at a CAGR of 8.5% during 2017-22 to reach US$447.4 billion by 2022 from
US$297.8 billion in 2017. Multi-channel retail was the leading mode of sale in the US retail sector,
accounted for 58.2% market share, while online pureplay accounted for the remaining 41.8%. The US
accounts for about 32% of the global online retail sector value. Walmart’s brand websites include
samsclub.com, walmart.com, jet.com, shoes.com, moosejaw.com, and bonobos.com. In FY2019,
Walmart allocated US$5,643 million capital expenditure to develop e-commerce, technology, supply
chain, store remodel and other initiatives.
In January 2020, the company introduced Alphabot that enables pick, pack and deliver customers’ online
grocery orders. The platform enables the company to improve its footprint as the largest grocer in the
Americas. The company tested Alphabot at its Supercenters in Salem, New Hampshire. In April 2019, the
company collaborated with Google to launch a voice-activated grocery shopping service, powered by
google assistant. It enables online shoppers to make grocery purchases through google assistant by
voice commanding “Hey Google, talk to Walmart” and add the items to Walmart cart.
The company introduced Walmart Labs to enhance its research activities by collecting ideas of customers
from incubation to international scale. It offers open source technology to develop ideas using various
platforms including Electrode, OneOps, TestArmada, Hapi, Joi and Walmart I/O. Walmart also uses
several technologies to increase its in-store efficiency through Shelf-Scanning Robots, Fast Unloaders,
and Autonomous Floor Cleaners. Fast Unloader is an automated unloading conveyor system that
reduces time for merchandise to reach customers on sales floor. The conveyor system works accordingly,
when the items are unloaded from the truck, unloader directly segregates boxes based on the sales floor
using bar code scanners. The company also uses Shelf-Scanning Robots to identify inventory, prices,
and misplaced items through shelve scan and will automatically shares data with employees to restock at
the identified space. Autonomous Floor Cleaners uses assisted autonomy technology, which helps to
clean and polish floors. The company is also implementing Blockchain technology in its stores to digitize
supply chain process, which helps it to maintain food quality. Through the technology, the company is
planning to track every bag of leafy vegetables with its suppliers from farm to store to reduce the spread
of food-borne illnesses and can also identify which batches of leafy green vegetables might be
contaminated in the near future, which results in improving food quality and reduces time from 7 days to 2
seconds to trace source of food. Walmart also implements the IBM Food Trust Solution that uses IBM
Blockchain Platform. The company’s subsidiary Sam’s Club is using Scan & Go technology to bypass the
checkout line, resulting in an increase in Sam's Club same-store sales growth and membership-renewal
rates. In April 2019, Walmart acquired technology and assets of Polymorph Labs, a Silicon Valley-based
advertising startup. This acquisition helps thousands of brands to deliver relevant digital ads to
consumers through Polymorph’s technology which include high-speed ad server, a self-serve interface
and server-side header bidding. It helps Walmart advertisers to select shopping behavior of consumers
quickly and can also measure whether the ads influenced a sale or not. In February 2020, the company's
Walmart Canada partnered with DLT Labs to launch a production blockchain solution for any industrial
application. The blockchain-enabled freight invoice and payment reconciliation solution was deployed at
Walmart Canada’s 60 transportation carriers to enhance efficiencies, trust, and savings among the
company and its carriers.
Threat
Stringent Regulations
Walmart's business is subject to various regulations governing the e-commerce, internet, omni-channel
retail, physical and electronic devices. The company has business presence in Africa, Argentina, Canada,
Central America, Chile, China, India, Japan, Mexico and the UK. These regulations include taxation, data
protection, privacy, pricing, copyrights, content, distribution, transportation, electronic device certification,
mobile communications, electronic waste, energy consumption, competition, consumer protection,
electronic contracts and other communications, trade and protectionist measures, employment, web
services, and the provision of online payment services. In the US, the Tax Cuts and Jobs Act of 2017
affected various US corporation operations due to change in income tax laws. The federal government of
US has made various changes in its trade policies including tariffs and government regulations which
affect the trade operations in the US and other countries. Its international operations follow various
regulations including Foreign Corrupt Practices Act (FCPA) and UK Bribery Act. The company’s business
operations in the UK are affected by various regulations including changes in food costs, trade policies
and labor, immigration, tax or other laws and fluctuations in currency exchange rates. In India, Walmart
and its subsidiary operations are restricted by the rules and regulations such as foreign investment in IT
infrastructure, internet, retail, data centers, delivery, and other sectors, sale of media and other solutions,
and internet content. Indian government implemented new e-commerce regulations to restrict the
companies such as Walmart and Amazon in cutting down prices of their offerings. In January 2019, the
company and Amazon collaborated to fight against the new Indian e-commerce rules. Non-compliance
and tightening of these regulations could affect its financial performance.
Intense Competition
Walmart operates in a highly competitive retailing industry. The company faces tough competition from
national, regional and local operators of discount, department, drug, dollar, variety and specialty stores,
supermarkets, supercenter-type stores and hypermarkets. It also competes with retail stores for
customers desiring to purchase merchandise for cash or on credit. The factors that determine the level of
competition within the industry include customer service and products, quality and price. The growing
presence of online retailers such as Amazon also poses threat to Walmart. The e-retailers has more
flexible cost and better inventory movement compared to traditional brick-and-mortar retailers, which
leads to increase in price competition. Competition could intensify further as e-retailers also expand their
presence in physical stores format. Besides, its competitors strive to expand their operations through
alliances, acquisitions, mergers, new store openings and product portfolio expansion to improve their
performance. In January 2020, Kroger in collaboration with Ocado announced its plans to operate a high-
tech customer fulfilment center in Frederick, Maryland, the US.
Walmart operates in many parts of the world and is exposed to fluctuations in foreign exchange rates.
The company reports financials in the US dollar and as a result, its revenue is exposed to volatility of the
US dollar against other functional currencies, as it conducts business operations worldwide. The major
elements exposed to exchange rate risks include the company's investments in overseas subsidiaries
and affiliates and monetary assets and liabilities arising from business transactions in foreign currencies.
In FY2020, the company reported gain of US$286 million from foreign currency translation adjustments
as compared to a loss of US$226 million in FY2019 and a gain of US$2,540 million in FY2018. To
minimize risks from currency fluctuations, the company could involve in foreign exchange hedging
activities by entering into foreign exchange forward contracts. The aggregate fair value of these swaps
resulted in an asset position of US$62 million and a liability position of US$241 million in FY2020 and
FY2019. To minimize risks from currency fluctuations, the company could involve in foreign exchange
hedging by entering into foreign exchange forward contracts. However, there could be no assurance that
such hedging would limit the impact of movements in exchange rates on the company’s results of
operations.
Top Competitors
TOP COMPETITORS
The following companies are the major competitors of Walmart Inc
Amazon.com Inc
Aoyama Trading Co., Ltd.
Best Buy Co Inc
Carrefour SA
Cencosud SA
Costco Wholesale Corporation
Dollar General Corp
Dufry AG
Edeka Zentrale AG & Co KG
J Sainsbury Plc
JC Penney Company Inc
Kohl's Corp
Koninklijke Ahold Delhaize NV
Lowe's Companies Inc
Macy's Inc
Metro AG
Ominto Inc
Price Chopper Operating Co Inc
PriceSmart Inc
Publix Super Markets Inc
Sears Holdings Corporation
Target Corp
Tesco Plc
The Kroger Co
Tjx Companies Inc
Wesfarmers Ltd
Woolworths Group Ltd
Company View
COMPANY VIEW
A statement from the Management's Discussion and Analysis section of Walmart Inc is given below. The
statement has been taken from the company’s 10-K report, 2020.
This discussion, which presents our results for the fiscal years ended January 31, 2020 ("fiscal 2020"),
January 31, 2019 ("fiscal 2019") and January 31, 2018 ("fiscal 2018") should be read in conjunction with
our Consolidated Financial Statements and the accompanying notes. We intend for this discussion to
provide the reader with information that will assist in understanding our financial statements, the changes
in certain key items in those financial statements from period to period and the primary factors that
accounted for those changes. We also discuss certain performance metrics that management uses to
assess the Company's performance. Additionally, the discussion provides information about the financial
results of each of the three segments to provide a better understanding of how each of those segments
and its results of operations affect the financial condition and results of operations of the Company as a
whole.
Throughout this Item 7, we discuss segment operating income, comparable store and club sales and
other measures. Management measures the results of the Company's segments using each segment's
operating income, including certain corporate overhead allocations, as well as other measures. From time
to time, we revise the measurement of each segment's operating income and other measures as
determined by the information regularly reviewed by our chief operating decision maker.
Management also measures the results of comparable store and club sales, or comparable sales, a
metric that indicates the performance of our existing stores and clubs by measuring the change in sales
for such stores and clubs, including eCommerce sales, for a particular period from the corresponding
period in the previous year. Walmart's definition of comparable sales includes sales from stores and clubs
open for the previous 12 months, including remodels, relocations, expansions and conversions, as well as
eCommerce sales. We measure the eCommerce sales impact by including all sales initiated online or
through mobile applications, including omni-channel transactions which are fulfilled through our stores
and clubs. Sales at a store that has changed in format are excluded from comparable sales when the
conversion of that store is accompanied by a relocation or expansion that results in a change in the
store's retail square feet of more than five percent. Additionally, sales related to acquisitions are excluded
until such acquisitions have been owned for 12 months. Comparable sales are also referred to as "same-
store" sales by others within the retail industry. The method of calculating comparable sales varies across
the retail industry. As a result, our calculation of comparable sales is not necessarily comparable to
similarly titled measures reported by other companies.
Beginning with the first quarter of fiscal 2020, we updated our definition of what was previously referred to
as traffic (a component, along with ticket, of comparable sales). Traffic is now referred to as "transactions"
and measures a percentage change in the number of sales transactions in our comparable stores, as well
as for comparable eCommerce activity.
In discussing our operating results, the term currency exchange rates refers to the currency exchange
rates we use to convert the operating results for countries where the functional currency is not the U.S.
dollar into U.S. dollars or for countries experiencing hyperinflation. We calculate the effect of changes in
currency exchange rates as the difference between current period activity translated using the current
period’s currency exchange rates and the comparable prior year period’s currency exchange rates.
Additionally, no currency exchange rate fluctuations are calculated for non-USD acquisitions until owned
for 12 months. Throughout our discussion, we refer to the results of this calculation as the impact of
currency exchange rate fluctuations. Volatility in currency exchange rates may impact the results,
including net sales and operating income, of the Company and the Walmart International segment in the
future.
Our business is seasonal to a certain extent due to calendar events and national and religious holidays,
as well as weather patterns. Generally, our highest sales volume and operating income have occurred in
the fiscal quarter ending January 31. We have taken strategic actions to strengthen our portfolio for the
long-term, including:
Acquisition of 81 percent of the outstanding shares, or 77 percent of the diluted shares, of Flipkart Private
Limited ("Flipkart") in August 2018, which negatively impacted fiscal 2020 and 2019 net income. Refer to
Note 12 for additional information on the transaction.
Divestiture of 80 percent of Walmart Brazil to Advent International ("Advent") in August 2018, for which
we recorded a pre-tax loss of $4.8 billion in fiscal 2019. Refer to Note 12 for additional information on the
transaction.
Divestiture of banking operations in Walmart Chile and Walmart Canada in December 2018 and April
2019, respectively.
Asda made a $1.0 billion cash contribution to the Asda Group Pension Scheme (the "Plan") in October
2019 which enabled the Plan to purchase a bulk insurance annuity contract for the benefit of Plan
participants in anticipation that each Plan participant will be issued an individual annuity contract. The
issuer of the individual annuity insurance contracts will be solely responsible for paying each participant’s
benefits in full and will release the Plan and Asda from any future obligations. Once all Plan participants
have been issued individual annuity contracts, we currently estimate that we will recognize a total, pre-tax
charge of approximately $2.2 billion related to the pension settlement in late fiscal 2021 or early fiscal
2022. Refer to Note 11 for additional information on the transaction.
We operate in the highly competitive omni-channel retail industry in all of the markets we serve. We face
strong sales competition from other discount, department, drug, dollar, variety and specialty stores,
warehouse clubs and supermarkets, as well as eCommerce businesses. Many of these competitors are
national, regional or international chains or have a national or international omni-channel or eCommerce
presence. We compete with a number of companies for attracting and retaining quality employees
("associates"). We, along with other retail companies, are influenced by a number of factors including, but
not limited to: catastrophic events, weather, global health epidemics, competitive pressures, consumer
disposable income, consumer debt levels and buying patterns, consumer credit availability, cost of goods,
currency exchange rate fluctuations, customer preferences, deflation, inflation, fuel and energy prices,
general economic conditions, insurance costs, interest rates, labor costs, tax rates, the imposition of
tariffs, cybersecurity attacks and unemployment. Additionally, we are monitoring the potential impact of
the recent coronavirus outbreak to our global business. Its financial impact is unknown at this time.
Further information on the factors that can affect our operating results and on certain risks to our
Company and an investment in its securities can be found herein under "Item 1A. Risk Factors," and
under "Cautionary Statement Regarding Forward-Looking Statements."
Comparable sales is a metric that indicates the performance of our existing stores and clubs by
measuring the change in sales for such stores and clubs, including eCommerce sales, for a particular
period over the corresponding period in the previous year. The retail industry generally reports
comparable sales using the retail calendar (also known as the 4-5-4 calendar). To be consistent with the
retail industry, we provide comparable sales using the retail calendar in our quarterly earnings releases.
However, when we discuss our comparable sales below, we are referring to our calendar comparable
sales calculated using our fiscal calendar, which may result in differences when compared to comparable
sales using the retail calendar.
Walmart U.S. comparable sales increased 2.9% and 3.7% in fiscal 2020 and 2019, respectively, driven
by ticket and transactions growth. Walmart U.S. eCommerce sales positively contributed approximately
1.7% and 1.3% to comparable sales for fiscal 2020 and 2019, respectively, as we continue to focus on a
seamless omni-channel experience for our customers. Sam's Club comparable sales increased 1.6% and
5.4% in fiscal 2020 and 2019, respectively. Sam's Club comparable sales for both fiscal 2020 and 2019
benefited from growth in transactions and higher fuel sales, which were partially offset by lower ticket due
to our decision to remove tobacco from certain club locations. Sam's Club fiscal 2019 comparable sales
were further aided by transfers of sales from our closed clubs to our existing clubs. Sam's Club
eCommerce sales positively contributed approximately 1.5% and 0.9% to comparable sales for fiscal
2020 and 2019, respectively.
Head Office
Walmart Inc
702 South West 8th Street
Bentonville
Arkansas
Bentonville
Arkansas
USA
Phone:1 479 2734000
www.walmart.com
Karnataka
Bengaluru
Karnataka
IND
www.flipkart.com
Mart Real Estate Business Trust Massmart Holdings Limited
BEL Massmart House
16 Peltier Drive, Surringhill Ext. 6
Sandton
Gauteng
Sandton
Gauteng
ZAF
Phone:27 11 5170000
Fax:27 11 5170020
www.massmart.co.za
New Moosejaw LLC ORGANIZED OR Inc
PO box 71460 USA
Madison Heights
Michigan
Madison Heights
Michigan
USA
Phone:1 248 2464000
Fax:1 248 2464001
www.moosejaw.com
PARCELS, INC. Sam's East, Inc.
2101 Se Simple Savings Drive
Bentonville
Arizona
Bentonville
Arizona
USA
Phone:1 479 2777000
Sam's Property Company Sam's Real Estate Business Trust
Delaware 702 SW 8th Street
Delaware Bentonville
USA Arkansas
Bentonville
Arkansas
USA
Sam's West Inc Walmart (China) Investment Co Ltd
3500 Se Club Blvd 2-5/Floor, Tower 2 and 1-12/Floor, Tower 3
Bentonville SZITIC Square, 69 Nonglin Road
Arkansas Futian District
Bentonville Shenzhen
Arkansas Guangdong
USA Shenzhen
Phone:1 479 6215537 Guangdong
www.samsclub.com CHN
Phone:86 75521512288
Fax:86 755 21511076
www.wal-martchina.com
Walmart Apollo, Llc Wal-Mart Canada Corp
USA 1940 Argentia Road
Mississauga
Ontario
Mississauga
Ontario
CAN
Phone:1 905 8212111
www.walmartcanada.ca
Walmart Chile S.A. Wal-Mart de Mexico SAB de CV
Avenida Presidente Eduardo Blvd. M. Avila Camacho 647
Frei Montalva 8301 Colonia Periodista
Quilicura Delegacion Miguel Hidalgo
Santiago Miguel Hidalgo
Quilicura Distrito Federal
Santiago Miguel Hidalgo
CHL Distrito Federal
Phone:56 2 2005000 MEX
www.walmartchile.cl Phone:52 55 52830100
Fax:52 55 53283557
www.walmartmexicoycam.com
Walmart de Mexico y Centroamerica Wal-Mart Japan Holdings KK
Nextengo No 78 Santa Cruz Acayucan 2-1-1, Akabane
Mexico, D.F. Kita-Ku
Mexico, D.F. Osaka
MEX Kita-Ku
Phone:52 55 52830100 Osaka
Fax:52 55 53283557 JPN
www.walmex.mx
Wal-Mart Property Company Wal-Mart Real Estate Business Trust
702 SW 8th Street 2001 Se 10th St
Bentonville Bentonville
Arkansas Arkansas
Bentonville Bentonville
Arkansas Arkansas
USA USA
Phone:1 479 2734000
John Carpenter House, John Carpenter Street, London, United Kingdom, EC4Y 0AN
T: +44 (0) 203 377 3042 | F: +44 (0) 870 134 4371 | E: reachus@marketline.com | W: www.marketline.com