![]() Walmart's current logo since 2008 | |
![]() Exterior of a Walmart store taken in 2013 | |
Formerly |
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Type | Public |
Traded as |
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ISIN | US9311421039 |
Industry | Retail |
Founded | June 13, 1945 | (in Rogers, Arkansas)
Founder | Sam Walton |
Headquarters | Bentonville, Arkansas , U.S. |
Number of locations | ![]() |
Area served | Worldwide |
Key people |
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Products |
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Services |
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Revenue | ![]() |
Operating income | ![]() |
Net income | ![]() |
Total assets | ![]() |
Total equity | ![]() |
Owner | Walton family (51%) |
Number of employees |
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Divisions |
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Subsidiaries | List of subsidiaries |
Website | walmart |
Footnotes / references |
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.
Walmart
Reviewed by bsm
on
August 06, 2019
Rating:
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