Walmart - Retail Corporation

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Walmart is a multinational retail corporation founded by Sam Walton in 1962 and incorporated on October 31, 1969. The company is headquartered in Bentonville, Arkansas, and operates a chain of hypermarkets, discount department stores, and grocery stores. As of 2024, Walmart is the world’s largest company by revenue, according to the Fortune Global 500 list, with revenues exceeding $500 billion annually.

Walmart operates more than 10,000 stores globally under 48 banners in 23 countries. In the United States and Canada, its stores are branded as Walmart, while in Mexico and Central America, the company operates as Walmart de México y Centroamérica. It also owns Sam's Club, a chain of membership-only warehouse clubs.

Walmart’s business model focuses on offering a wide range of consumer goods at low prices through high-volume sales. The company's product offerings include groceries, apparel, electronics, and home goods. Walmart has also developed a significant e-commerce platform through its website, Walmart.com, and mobile applications.

In addition to retail, Walmart operates Walmart MoneyCenters, which provide financial services such as check cashing, bill payments, and money transfers. The company has also expanded into healthcare with Walmart Health, offering primary care, dental, and vision services at select locations.

Walmart employs over 2 million associates worldwide, making it one of the largest private employers globally. The company operates various store formats in the U.S., including Supercenters, Neighborhood Markets, and discount stores.

Walmart went public in 1970 and is listed on the New York Stock Exchange under the ticker symbol WMT. The company has grown through acquisitions and expansion into new markets, including the acquisition of Jet.com in 2016 to enhance its e-commerce capabilities.