About the Company
Walmart Inc. ( ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas. The company was founded by brothers Sam and James "Bud" Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of October 31, 2022, Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile and a majority stake in Massmart in South Africa. Since August 2018, Walmart held only 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% ownership of the company. They eventually divested their shareholdings in Grupo Big to French retailer Carrefour, in transaction worth R$7 billion and completed on June 7, 2022. Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in October 2022. In February 2023, Walmart announced that its FY2023 total revenue was $611.3 billion. Walmart 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 both their holding company Walton Enterprises and their individual holdings. Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart's US$510.329 billion sales came from U.S. operations. Walmart was listed on the New York Stock Exchange in 1972. By 1988, it was the most profitable retailer in the U.S., and it had become the largest in terms of revenue by October 1989. The company was originally 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, in July 1990. A Walmart in York, Pennsylvania, opened in October 1990, the first main store in the Northeast. Walmart's investments outside the U.S. have seen mixed results. Its operations and subsidiaries in Canada, the United Kingdom (ASDA), Central America, South America, and China are successful, but its ventures failed in Germany, Japan, South Korea, Brazil and Argentina.
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Latest $WMT News
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Walmart-Backed Ibotta Rises 17% After $577 Million IPO
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Walmart vs. Competitors: How Much Does an Oil Change Cost on Average?
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New Walmart campus food options to include Wright’s Barbecue, open to the public
Popular Arkansas restaurant Wright's Barbecue will open a location on Walmart Inc.'s new Bentonville campus, and it will be ...
Walmart Inc. (WMT)
Walmart (WMT) reachead $59.09 at the closing of the latest trading day, reflecting a -1.75% change compared to its last close. Walmart’s majority-owned fintech startup One has started offering ...
If You Shopped At Walmart Within The Last 6 Years, You May Be Entitled To $500
Walmart was sued in 2022 for "deceptive business practices" and settled for $45 million, making customers eligible for $500 ...
Walmart Settles $45 Million Class-Action Lawsuit over Alleged Overcharging
Retail giant Walmart (NYSE: WMT) has agreed to pay $45 million to settle a class-action lawsuit that accused the company ...
Walmart Just Announced a Big Change, and I Don't Think Gen Z Will Be Very Happy
WalMart is trying a store without self-checkout. So of course, I thought immediately of Generation Z . Because back in January, a company polled 4,000 shoppers to figure out whether they preferred ...
Walmart to add 3 more stores north of Dallas
The retailer confirmed April 22 to Dallas Business Journal that it aims to open three Walmart Supercenters in North Texas.
Walmart Settles with Seattle Office for Alleged Paid Sick Leave Violations, Pays Over $170K to Gig Workers
Walmart settled with Seattle's OLS for $170,768 over alleged violations of paid sick leave policies for gig workers.
Walmart customers can buy tires from marketplace, have them installed at stores
Retailers who sell tires online include Amazon.com, SimpleTire.com, Tirebuyer.com, Tire Rack and even eBay. None of these are ...
Walmart Inc. (WMT)
BENTONVILLE, Ark., February 20, 2024--The Board of Directors of Walmart Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2025 of $0.83 per share on a post-stock split basis ...
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