Walmart Walmart Inc. Walmart's current logo since 2008 Exterior of a Walmart store Formerly Walton's (1950–1969) Wal-Mart, Inc. (1969–1970) Wal-Mart Stores, Inc. (1970–2019) Type Public Traded as NYSE : WMT DJIA component S&P 100 component S&P 500 component ISIN US9311421039 Industry Retail Founded July 2, 1962; 57 years ago (in Rogers, Arkansas ) Founder Sam Walton
Headquarters Bentonville, Arkansas , U.S. Number of locations 11,438 stores worldwide (October 31, 2019)   Area served Worldwide Key people Greg Penner ( Chairman ) Doug McMillon ( President , CEO ) Products Electronics Movies and music Home and furniture Home improvement Clothing Footwear Jewelry Toys Health and beauty Pet supplies Sporting goods and fitness Auto Photo finishing Craft supplies Party supplies Grocery Services Walmart-2-Walmart Walmart MoneyCard Pickup Today Walmart.com Financial Services Walmart Pay Revenue US$ 514.405 billion (2019)  Operating income US$21.957 billion (2019)  Net income US$6.67 billion (2019)  Total assets US$219.295 billion (2019)  Total equity US$79.634 billion (2019) 
Owner Walton family (51%) Number of employees 2.2 million, Worldwide (2018)  1.5 million, U.S. (2017)  700,000, International Divisions Walmart U.S. Walmart International Sam's Club Global eCommerce Subsidiaries List of subsidiaries Website walmart.com Footnotes / references    Walmart Inc. formerly Wal-Mart Stores, Inc. ) is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas . The company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of October 31, 2019, Walmart has 11,438 stores and clubs in 27 countries, operating under 55 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Canada, and South Africa. Since August 2018, Walmart only holds a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and private equity firm Advent International holding 80 percent ownership of the company. Walmart is the world's largest company by revenue , with US$ 514.405 billion, according to the Fortune Global 500 list in 2019. 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 their holding company Walton Enterprises and through their individual holdings. Walmart was the largest U.S. grocery retailer in 2019, and 65 percent of Walmart's US$ 510.329 billion sales came from U.S. operations.
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