Walmart - (US) (Wilmington, DE)

Walmart - (US)

WalmartFrom Wikipedia the free encyclopediaJump to navigationJump to searchThis article is about the retail chain. For other uses see Walmart (disambiguation).Logo since 2008 Headquarters ( Home Office ) in December 2012 Formerly Wal-Mart Discount City (1962 1969) Wal-Mart Inc. (1969 1970) Wal-Mart Stores Inc. (1970 2018) TypePublicTraded as NYSE WMT DJIA component S& P 100 component S& P 500 component ISINUS9311421039IndustryRetailPredecessorWalt on s Five and DimeFounded July 2 1962 60 years ago in Rogers Arkansas[1] October 31 1969 53 years ago in Wilmington Delaware (incorporation) FounderSam WaltonHeadquartersBentonville Arkansas U.S.Number of locations10 586 stores worldwide (October 31 2022)[2][3][4]Area servedWorldwideKey people Greg Penner (Chairman) Doug McMillon (President CEO) Services Walmart-2-Walmart Revenue US 572.8 billion (FY2022)[5]Operating income US 25.9 billion (FY2022)[5]Net income US 13.67 billion (FY2022)[5]Total assets US 244.86 billion (FY2022)[5]Total equity US 91.891 billion (FY2022)[5]OwnerWalton family (50.85%)[6]Number of employees2 300 000 (Jan. 2022)[5]Divisions Walmart U.S. Walmart International Sam s Club Global eCommerce SubsidiariesList of subsidiariesWebsitewalmart.comFootnotes references[7][8][9] Walmart Inc. ( w lm rt 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 from the United States headquartered in Bentonville Arkansas.[10] The company was founded by Sam Walton in nearby Rogers Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31 1969. It also owns and operates Sam s Club retail warehouses.[11][12]As of October 31 2022 Walmart has 10 586 stores and clubs in 24 countries operating under 46 different names.[2][3][4] The company operates under the name Walmart in the United States and Canada as Walmart de M xico y Centroam rica in Mexico and Central America and as Flipkart Wholesale in India. It has wholly owned operations in Chile Canada and South Africa. Since August 2018 Walmart held only a minority stake in Walmart Brasil which was renamed Grupo Big in August 2019 with 20 percent of the company s shares and private equity firm Advent International holding 80 percent ownership of the company. They eventually divested their shareholdings in Grupo Big to French retailer Carrefour in transaction worth R 7 billion and completed on June 7 2022.[13]Walmart is the world s largest company by revenue with about US 570 billion in annual revenue according to the Fortune Global 500 list in May 2022. 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 both their holding company Walton Enterprises and their individual holdings.[14] Walmart was the largest United States grocery retailer in 2019 and 65 percent of Walmart s US 510.329 billion sales came from U.S. operations.[15][16]Walmart was listed on the New York Stock Exchange in 1972. By 1988 it was the most profitable retailer in the U.S. [17] and it had become the largest in terms of revenue by October 1989.[18] The company was originally 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 in July 1990. A Walmart in York Pennsylvania opened in October 1990 the first main store in the Northeast.[19]Walmart s investments outside the U.S. have seen mixed results. Its operations and subsidiaries in Canada [20] the United Kingdom (ASDA) [21] Central America South America and China are successful but its ventures failed in Germany Japan and South Korea.[22][23][24]Singup