Walmart

Company
About Walmart

Walmart Inc. (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 Waltonin 1962 and incorporated on October 31, 1969. It also owns and operates Sam’s Club retail warehouses. As of October 31, 2018,Walmart has 11,277 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% of the company’s shares, and private equity firm Advent International holding 80% 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—as well as the largest private employer in the world with 2.3 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 2016, and 62.3 percent of Walmart’s US$478.614 billion sales came from U.S. operations.

The company was listed on the New York Stock Exchange in 1972. By 1988, Walmart was the most profitable retailer in the U.S., and by October 1989, it had become the largest in terms of revenue. Originally geographically limited to the South and lower Midwest, by the early 1990s, the company had stores from coast to coast: Sam’s Club opened in New Jersey in November 1989 and the first California outlet opened in Lancaster in July 1990. A Walmart in York, Pennsylvania opened in October 1990: the first main store in the Northeast.

Walmart’s investments outside North America have seen mixed results: its operations and subsidiaries in the United Kingdom, South America, and China are highly successful, whereas its ventures in Germany and South Korea failed.

Walmart Details
Operating Status: Active
Business Type: Private
Founded: 1962
Headquarters: Bentonville, Arkansas, United States
CEO: Doug McMillon
Founders: Sam Walton
Walmart News
Walmart Takes Part in a Drug-Verification Blockchain Pilot with IBM, KPMG, and Merck
June 14th, 2019

Walmart will take part in a drug-verification pilot with IBM, KPMG, and Merck. Backed by the US Drug Supply Chain Security Act and is aimed to explore how blockchain can solve issues in the drug supply chain.

Retail Giant Target Secretly Sneaks Into the Blockchain Space
June 11th, 2019

Target, the eighth largest retailer in the US, has been working on a blockchain-powered solution for supply chain management. The project called ConsenSource helps to verify whether products are sourced sustainably from certified factories.

50% Stock Surge Could Launch Amazon to $1.3 Trillion Valuation: Prominent Analyst
May 30th, 2019

Pivotal Research analyst Michael Levine has a price target on Amazon stock of $2,750 a share, the highest on Wall Street according to Tip Ranks. That’s well above second-highest forecast, that had $2,500 target.

Bitcoin on Wallstreet: BTC Related Companies Trading on the Stock Exchange
May 4th, 2019

In this article, professional stock trader and investor, Baran Giresunluoglu goes over Bitcoin-friendly companies trading on the public U.S. Stock Exchange.

Unspoken Side of Blockchain in Food and Beverages Industry
April 20th, 2019

Sonal Mehta, professional content creator from Solulab, takes a look at promising blockchain use-cases in the food and beverages industry.

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