Walmart

Walmart Inc.

Walmart's current logo since 2008
Exterior of a Walmart store taken in 2013
Formerly	Walton's (1950-69) Wal-Mart, Inc. (1969–70) 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	June 13, 1945; 74 years ago (in Rogers, Arkansas)
Founder	Sam Walton
Headquarters	Bentonville, Arkansas , U.S.
Number of locations	11,368 stores worldwide (April 30, 2019)
Area served	Worldwide
Key people	Greg Penner (Chairman) Doug McMillon (President and 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 Walmart.com Walmart Pay
Revenue	US$514.4 billion (2019)
Operating income	US$21.96 billion (2019)
Net income	US$6.67 billion (2019)
Total assets	US$219.3 billion (2019)
Total equity	US$72.5 billion (2019)
Owner	Walton family (51%)
Number of employees	2.2 million, Worldwide (2018) 1.5 million, U.S. (2017) 700,000, International
Divisions	Walmart U.S. Walmart International Sam's Club Global eCommerce
Subsidiaries	List of subsidiaries
Website	walmart.com
Footnotes / references

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. 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. As of April 30, 2019, Walmart has 11,368 stores and clubs in 27 countries, operating under 55 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, 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, 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, over US$500 billion, according to Fortune Global 500 list in 2018. 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. 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.
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 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.
Walmart's investments outside America have seen mixed results. Its operations and subsidiaries in the United Kingdom, Central America, South America and China are highly successful, whereas its ventures failed in Germany and South Korea.