Walmart | American Multinational Retail Company | Company Profile | (2023)

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Walmart 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 October 31, 2020, Walmart has 11,510 stores and clubs in 27countries, operating under 56 different names.

Walmart - Company Highlights

Startup NameWalmart Inc.
HeadquartersBentonville, Arkansas, U.S
FoundedJuly 2, 1962
FounderSam Walton
CEODoug McMillon
Areas ServedWorldwide

Walmart - About and How it Works?
Walmart - Logo and its Meaning
Walmart - Founder and History
Walmart - Mission
Walmart - Business Model
Walmart - Revenue and Growth
Walmart - Investments
Walmart - Acquisitions
Walmart - Competitors
Walmart - Challenges Faced
Walmart - Future Plans

Walmart - About and How it Works?

Wal-Mart was founded by Sam Walton in Rogers, Arkansas, in 1962 and focused its early growth in rural areas, thereby avoiding direct competition with retailing giants such as Sears and Kmart.

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighbourhood Market brands, as well as and other e-commerce brands. The Walmart International segment manages supercentre, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside the United States.

Walmart is the world's largest retailer 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 2.2million 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 - Logo and its Meaning

As for the hidden message of Walmart logo, it considered that it symbolizes 6 sparks. And each spark, in turn, symbolizes ideas, which are making the company successful. They also remind of Sam Walton, who believed in himself and his success.

Walmart | American Multinational Retail Company | Company Profile | (1)
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Walmart - Founder and History

Samuel Moore Walton, an American businessman and entrepreneurs is the founder of Walmart.

Walmart | American Multinational Retail Company | Company Profile | (4)

The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton's 5 & 10. The Walmart chain proper was founded in 1962 with a single store in Rogers, expanding outside Arkansas by 1968 and throughout the rest of the Southern United States by the 1980s, ultimately operating a store in every state of the United States, plus its first stores in Canada, by 1995. The expansion was largely fuelled by new store construction, although the chains Mohr-Value and Kuhn's Big K were also acquired. The company introduced its warehouse club chain Sam's Club in 1983 and its first Supercentre stores in 1988. By the second decade of the 21st century, the chain had grown to over 11,000 stores in 27 countries.

Walmart - Mission

Walmart's mission statement says, "We feature a great selection of high-quality merchandise, friendly service and, of course, Every Day Low Prices. We also have another goal: to bring you the best shopping experience on the Internet. "

Walmart - Business Model

Walmart can develop, open, and operate units at the right locations and to deliver a customer-centric omnichannel experience. That largely determines its competitive position within the retail industry. Walmart employs many programs designed to meet competitive pressures within its industry.

These programs include the following:

  • EDLP (everyday low price): items priced at a low price every day so Walmart customers trust that its prices will not change under frequent promotional activity;
  • EDLC (everyday low cost): effort to control expenses so that savings can be passed along to customers;
  • Rollbacks: pass cost savings on to the customer by lowering prices on selected goods;
  • Savings Catcher, Save Even More and Ad Match: strategies to meet or be below a competitor’s advertised price;
  • Walmart Pickup: customer places order online and pick up for free from a store. The merchandise is fulfilled through Walmart distribution facilities;
  • Pickup Today: a customer places order online and can pick it up at a store within four hours for free. The order is fulfilled through existing store inventory;
  • Online Grocery: a customer places grocery order online and has it delivered to home or picks it up at one of Walmart participating stores or remote locations; and
  • Money-Back Guarantee: ensure the quality and freshness of the fruits and vegetables in Walmart stores by offering customers a 100 percent money-back guarantee if they are not satisfied.
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Walmart - Revenue and Growth

Walmart annual revenue for 2020 was $523.964B, a 1.86% increase from 2019

YearAnnual RevenuePercentage change

Walmart - Investments

Walmart has made 12 investments. Their most recent investment was on Oct 12, 2020, when Ninjacart raised $30M.

DateOrganization NameRoundAmount
Oct 12, 2020NinjacartCorporate Round$30M
Jul 14, 2020FlipkartCorporate Round$1.2B
Dec 11, 2019NinjacartSeries C$10M
Oct 15, 2019Level HomeCorporate Round$71M
Mar 9, 2019Girls Who CodeGrant$3M
Nov 6, 2018WalMart IndiaVenture Round$37.7M
Oct 25, 2018FreshMartSeries B-
Aug 8, 2018Dada-JD DaojiaCorporate Round$500M
Oct 20, 2016Dada-JD DaojiaFunding Round$50M
Apr 1, 2015Triad Workforce SolutionsGrant$320K

Walmart - Acquisitions

Walmart has acquired 24 organizations. Their most recent acquisition was JoyRun on Nov 23, 2020.

Acquiree NameDateAmountAbout Acquiree
JoyRunNov 23, 2020-JoyRun is a community based delivery company
CareZoneJun 15, 2020-CareZone makes it easy to manage multiple medications, organize health information, and access health services from your smartphone
PolymorphApr 11, 2019-Polymorph is a white-label SaaS monetization platform for publishers to maximize revenue, reduce costs and deliver better ad experiences
AspectivaFeb 25, 2019-Turn Product Reviews into a Smarter Shopping Experience
Art.comNov 20, is an online platform designed to sell wall art and decorative items
Bare NecessitiesOct 13, 2018-Independent boutique retailers of luxury lingerie, swimwear and accessories
EloquiiOct 2, 2018$100MEloquii offers an online plus size clothing store featuring women's plus size fashion, clothes, and accessories
FlipkartMay 9, 2018$16BFlipkart is an e-commerce marketplace that offers over 30 million products cross 70+ categories
Wim YogurtJan 1, 2018-Wim Yogurt is a modern cooking appliances for healthy homes
ParcelOct 3, 2017-Parcel is the same-day / last-mile delivery company built for the age of e-commerce

Walmart - Competitors

The top 10 competitors in Walmart's competitive set are Amazon, Target, Costco, Kmart, Kroger, ALDI, Walgreens, Tesco, Carrefour, and Best Buy.

Walmart - Challenges Faced

Walmart has faced issues with its employees involving low wages, poor working conditions and inadequate health care. Approximately 70% of its employees left within the first year.

Walmart has been criticized by many groups and individuals, such as labour unions and small-town advocates, for its policies and business practices, and their effects. Criticisms include charges of racial and gender discrimination, foreign product sourcing, anti-competitive practices, treatment of product suppliers, environmental practices, the use of public subsidies, and its surveillance of its employees. The corporation denies any wrongdoing and says that low prices are the result of efficiency.

In 2005, labour unions created new organizations and websites to criticize the company, including Wake Up Walmart (United Food and Commercial Workers) and Walmart Watch (Service Employees International Union). By the end of 2005, Walmart had launched Working Families for Walmart to counter those groups. Efforts to counter criticism include a public relations campaign in 2005, which included several television commercials. The company retained the public relations firm Edelman to interact with the press and respond to negative media reports, and has started working with bloggers by sending them news, suggesting topics for postings, and inviting them to visit Walmart's corporate headquarters.

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Walmart - Future Plans

The world’s largest retailer plans to grow sales by $45 billion to $60 billion in the next three years and spend $20 billion buying back its own shares.

The growth targets, stock buyback program and an $11 billion capital expenditure program, down from $12.4 billion this year, were announced Wednesday morning in New York at the retailer’s annual fall investor conference.

“We are uniquely positioned to win with the future of retail,” Wal-Mart Stores, Inc., president and CEO Doug McMillon told attendees, echoing what has been a familiar omnichannel theme for the company in recent years. “We will be the first to deliver a seamless shopping experience at scale.”

Achieving that goal is key to the company’s long term growth, but to get there the company disclosed the significant investments it has made in technology, wages, pricing and a weak dollar will pressure profits. Walmart CFO Charles Holley said the company’s earnings per share, which are projected to decline this year compared to last year, will fall another 6% to 12% next year as investments in the business peak. However, within three years, profits are forecast to rebound and grow between 5% and 10%.

Investors were looking for a faster growth trajectory which explains why following the release of the three-year profit forecast shares dropped roughly $5 to hit a new 52-week low near $60. Anticipating such a negative reaction, Holley announced Walmart had authorized a new $20 billion share repurchase program and committed to spend those dollars within two years even though it had $8.6 billion in authorization remaining under the existing program.


Walmart | American Multinational Retail Company | Company Profile |? ›

Walmart conducts retail and/or e-commerce operations in 24 countries around the world and sources product from more than 100 countries, each with its own unique cultural, economic, social, and political institutions and practices.

How is Walmart a multinational company? ›

Walmart conducts retail and/or e-commerce operations in 24 countries around the world and sources product from more than 100 countries, each with its own unique cultural, economic, social, and political institutions and practices.

What is the profile of company Walmart? ›

Walmart Inc. ( /ˈwɔːlmɑːrt/; 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.

Is Walmart a multinational enterprise Why? ›

Walmart is a multinational corporation with 11,000 retail locations located in 27 countries and is the largest retailer in the world. With over 2.2 million employees, Walmart is the also largest employer in United States the world.

Is Walmart the world's largest private employer and the largest retailer? ›

The retail giant owns and operates more than 10,500 markets, discount department stores, and grocery stores in 24 countries. Walmart is also the world's largest private employer, with more than 2.3 million workers globally, of which there are nearly 1.6 million in the U.S. alone.

Is Walmart the biggest retail company in the world? ›

Retail companies sell a huge variety of products and services to consumers. They conduct their sales at brick-and-mortar locations and/or online. Retail sales are part of consumer spending. The biggest retail company, with TTM revenue of $600.1 billion, is Walmart.

Why is Walmart the world's largest retailer? ›

Walmart has always focused on providing value to its customers by offering low prices and a wide variety of products. This has helped it to become the largest retail giant in the world.

What type of company is Walmart? ›

Walmart Inc (Walmart) is a retailer that operates grocery stores, supermarkets, hypermarkets, department and discount stores, and neighborhood markets.

What is Walmart's mission statement? ›

The Walmart mission statement is “to save people money so that they can live better.” And the Walmart vision statement is “to be the destination for customers to save money, no matter how they want to shop.” Walmart is one of the largest retailers in the world.

What is Walmart's business strategy? ›

Walmart's business strategy is to make every day easier for busy families, operate with discipline, sharpen the culture and become more digital, and trust a competitive advantage. Price leadership has been a cornerstone of Walmart's business strategy and model.

What makes a company a multinational enterprise? ›

A multinational enterprise has its management headquarters in one (or rarely more than one) country, the home country, while also operating in other countries, the host countries.

Which companies are referred to as multinational company? ›

A multinational corporation is one that has business offices and operations in two or more countries in the world. These companies are often managed from a central office headquartered in the home country. Simply exporting goods for sale abroad does not make a business a multinational company.

Which company is the best example of a multinational enterprise? ›

What Are Examples of Multinational Corporations? Examples of multinational corporations include Apple, Amazon, Microsoft, McDonald's, and Volkswagen. These companies are headquartered in one nation but operate divisions in many other countries in order to expand their business and reach more customers.

Who is the largest retail employer in the world? ›

No company in the world has more employees than Walmart. The latest information from the U.S. retail giant put the figure at a massive 2.30 million. Not even the behemoth that is Amazon comes close, despite being in second place with a 1.61 million-strong workforce.

What rank is Walmart in the world? ›

and Walmart claims the top spot for the ninth consecutive year, Fortune announced the Fortune Global 500TM list for 2022, ranking the world's largest corporations by revenue for fiscal 2021. Walmart claims the top spot for the ninth consecutive year, and for the 17th time since 1995.

Who is the founder of Walmart store the world's largest retailer? ›

Sam Walton was a man with visionary leadership, and our business is a result of that. Since the first Walmart opened in 1962 in Rogers, Arkansas, we've been dedicated to making a difference in the lives of our customers. Today, we're helping communities save money and live better all over the world.

Why is Walmart globalized? ›

After rapid expansion during the 1980s and 1990s, Walmart faced limits to growth in its home market and was forced to look internationally for opportunities.

Why did Walmart expand globally instead of focusing in USA? ›

By 1990, however, Walmart realized that its opportunities for growth in the United States were becoming more limited. Management calculated that by the early 2000s, domestic growth opportunities would be constrained due to market saturation. So the company decided to expand globally. Initially, the critics scoffed.

Is Walmart in multiple countries? ›

Walmart operates approximately 10,500 stores and clubs in 20 countries and eCommerce websites.

Why was Walmart successful in many countries? ›

Wal-Mart has been effective in the maintenance of its business model during the international expansion because it has maintained its low price culture towards its customers. Again, it has managed to be the largest retailer in some countries like Canada, United Kingdom and Mexico.


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