CEO: C Douglas McMillon
Based in: Bentonville, Arkansas
Best known for: retail and wholesale business
Traded on: New York Stock Exchange
Known for low prices for decades, 0'>Walmart has branched out to create various Walmart stores (such as Walmart Neighborhood Markets and Wal-Mart), as well as membership stores (such as Sam’s Club).
Founded in 1945 in Bentonville, Arkansas by Samuel Moore Walton and James Lawrence Walton, Walmart Inc has grown into a steady international retail chain. The company has also branched out and successfully created online stores to better serve customers around the world.
Because of its international presence, the whole Walmart company is broken up into these main sections: Walmart US, Walmart International, and Sam’s Club. Walmart International manages regular Wal-Mart stores around the world, but also specialises in supercentres and hypermarkets in other countries.
Interesting facts in Walmart history
- Before Sam Walton went on to create Walmart, he was almost fired from his job at JC Penney’s and even told that he wasn’t cut out for the retail business.
- In 1983, Sam Walton lost a bet, which resulted in him having to do a hula dance (outfit and all) on Wall Street. CFO David Glass tipped off the media, which resulted in many pictures and videos of this day being recorded.
- Walmart stores weren’t in all 50 states until 1995
- A report from 2017 revealed 95 per cent of shoppers in the United States shopped at Walmart.
- Today, about 90 per cent of all Americans live within at least 15 minutes of a Walmart store.
- The first-ever Walmart opened in Bentonville, Arkansas, and is now a Walmart museum, which is free to the public.
- In 2019, Walmart employed about 2.2 million workers – which is the size of the population of Houston, Texas.