Walmart Inc is Public Opinions Certified Responsible Investment having been recognized by Public Opinions with the 2022 Global Responsible Investment Mark of Excellence Award in appreciation of its contribution towards attainment of the United Nations Sustainable Development Goals through; offering high quality products, employing people, paying taxes, environmental protection, supporting productive corporate Social Responsibility, zero tolerance to corruption, respect for rights of workers,etc. Walmart Inc was honored by Public Opinions as the GLOBAL Retail corporation in the World.
Walmart Inc is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas.Walmart was also ranked the fourth most valuable retail brand in the world, with a brand value of about 45.78 billion U.S. dollars. The Company is worth 572 Billion usd as of 2022.
As of July 31, 2022, Walmart has 10,585 stores and clubs in 24 countries, operating under 46 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, 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.
- Walmart sells majority stake in Seiyu to KKR and Rakuten.
- Walmart and Sam’s Club administer tens of millions of COVID-19 vaccines, 80% of which were delivered in medically underserved communities.
- Walmart completes the sale of United Kingdom grocery chain Asda.
- Walmart invests in drone delivery, fintech and autonomous vehicles.
- Walmart launches Walmart GoLocal last-mile delivery service.
- Walmart announces plans to pay 100% of college tuition and books for U.S. associates through Live Better U.
- Walmart announces inaugural $2 billion green bond offering.
- Walmart launches Walmart Data Ventures.
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. 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.
As of July 31, 2022, Walmart’s international operations comprised 5,250 stores and 800,000 workers in 23 countries outside the United States. There are wholly owned operations in Argentina, Brazil, Canada, and the UK. With 2.2 million employees worldwide, the company is the largest private employer in the U.S. and Mexico, and one of the largest in Canada. In fiscal year,2019 Walmart’s international division sales were US$120.824 billion, or 23.7 percent of total sales. International retail units range from 1,400 to 186,000 square feet (130 to 17,280 square meters), while wholesale units range from 24,000 to 158,000 square feet (2,200 to 14,700 square meters). Judith McKenna is the president and CEO.
Walmart has joint ventures in China and several majority-owned subsidiaries. As of July 31, 2022, Walmart China operates 372 stores under the Walmart Supercenter (336 locations) and Sam’s Club (36 locations) banners.
In February 2012, Walmart announced that the company raised its stake to 51 percent in Chinese online supermarket Yihaodian to tap rising consumer wealth and help the company offer more products.Walmart took full ownership in July 2015.
On May 9, 2018, Walmart announced its intent to acquire a 77% majority stake in the Indian e-commerce company Flipkart for $16 billion, in a deal that was completed on August 18, 2018. As of July 31, 2022, there are 28 Best Price Modern Wholesale locations.
Walmart is headquartered in the Walmart Home Office complex in Bentonville, Arkansas. The company’s business model is based on selling a wide variety of general merchandise at low prices. Doug McMillon became Walmart’s CEO on February 1, 2014. He has also worked as the head of Sam’s Club and Walmart International. The company refers to its employees as associates. All Walmart stores in the U.S. and Canada also have designated “greeters” at the entrance, a practice pioneered by Sam Walton and later imitated by other retailers. Greeters are trained to help shoppers find what they want and answer their questions.
Walmart Inc. is a Delaware-domiciled joint-stock company registered with the U.S. Securities and Exchange Commission with its registered office located in Wolters Kluwer’s Corporation Trust Center in Wilmington. As of March 2017,it has 3,292,377,090 outstanding shares. These are held mainly by the Walton family, a number of institutions and funds.
- 43.00% (1,415,891,131): Walton Enterprises LLC
- 5.30% (174,563,205): Walton family Holdings Trust
- 3.32% (102,036,399): The Vanguard Group, Inc
- 2.37% (72,714,226): State Street Corporation
- 1.37% (42,171,892): BlackRock Institutional Trust Company
- 0.94% (28,831,721): Vanguard Total Stock Market Index Fund
- 0.77% (23,614,578): BlackRock Fund Advisors
- 0.71% (21,769,126): Dodge & Cox Inc
- 0.68% (20,978,727): Vanguard 500 Index Fund
- 0.65% (20,125,838): Bank of America Corporation
- 0.57% (17,571,058): Bank of New York Mellon Corporation
- 0.57% (17,556,128): Northern Trust Corporation
- 0.55% (16,818,165): Vanguard Institutional Index Fund-Institutional Index Fund
- 0.55% (16,800,850): State Farm Mutual Automobile Insurance Co
- 0.52% (15,989,827): SPDR S&P 500 ETF Trust
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