Walmart Company
Incorporation year : 1969
Headquarter : Arkansas, US
Chairman : Greg Penner
Present Head (CEO) : Dough McMillon
Chief Financial Officer : Brett Biggs
Company Introduction
Walmart, is an American multinational retailing corporation that operates as a chain of hypermarkets, discount
department stores, grocery stores and online store. It is world’s leading retailer renowned for its efficiency and
expertise in logistics, supply chain management and sourcing. Walmart is the world’s largest company by
revenue. Walmart has 11,695 stores and clubs in 28 countries, under a total of 63 banners as well as the
largest private employer in the world. Walmart’s primary competitors include department stores like Aldi, Kmart,
Kroger, Ingles, Target, Shopko, and Meijer, and Winn Dixie.
Walmart in India: Wal-Mart India owns and operates 21 Best Price Modern Wholesale stores offering nearly
5,000 items in a Cash and Carry wholesale format in 9 States across India. The first store opened in Amritsar in
May 2009. Sameer Aggarwal is the CEO, Walmart India.
On 1st July, 2014, Walmart India launched B2B e-commerce platform and extended it to its Best Price store
members (kirana stores, offices and institutions and hotels, caterers and restaurants and other business
members), providing them with a convenient online shopping opportunity. As an exclusive virtual store for its
members in 19 cities, the e-commerce platform provides a similar assortment of products, as well as special
items.
Company History
It was founded by Sam Walton in 1962 and incorporated on October 31, 1969. The company was listed on the
New York Stock Exchange in 1972.
Philosophy
Vision: To be the best retailer in the hearts and minds of consumers and employees.
Mission: Saving people money so that they can live better.
Slogan: Save money. Live better.
Portfolio of Company; Products and Services it offers
♦ Walmart sells a wide range of fresh, frozen and chilled foods, fruits and vegetables, dry groceries,
personal and home care, hotel and restaurant suppliers, clothing, office supplies and other general
merchandise items.
♦ Walmart’s operations are organized into four divisions: Walmart U.S., Walmart International, Sam’s
Club and Global eCommerce.
Business in News
♦ Walmart ranked 1st on Fortune 500 Companies List in 2020.
♦ Walmart ranked 19th on Forbes World's Largest Public Corporations List 2020.
♦ Walmart acquires 77% shares of Flipkart on May 9, 2018
♦ In 2017, Walmart acquired Moosejaw and Bonobos for approximately $351 million.
♦ In 2016, Walmart acquired jet.com for approximately $565 million.
♦ Walmart India & HDFC Bank announced co-branded credit card exclusively for over 1 million ‘Best
Price’ members in Dec. 2019
http://www.wal-martindia.in/2019/12/02/walmart-india-hdfc-bank-announce-co-branded-credit-card-
exclusively-for-over-1-million-best-price-members
♦ Walmart India Opens 25th Cash & Carry Store in India; Reiterates commitment to enable Kiranas &
Small Businesses to prosper, increase sourcing from farmers & develop MSME eco-system.
http://www.wal-martindia.in/2019/07/03/walmart-india-opens-25th-cash-carry-store-in-india-reiterates-
commitment-to-enable-kiranas-small-businesses-to-prosper-increase-sourcing-from-farmers-develop-
msme-eco-system
For more information you may visit company website: www.walmartstores.com
Wednesday, April 14, 2021