Walmart Inc. is a multinational retail corporation and one of the world's largest companies by revenue. It was founded by Sam Walton on July 2, 1962, in Rogers, Arkansas, USA. Sam Walton opened the first Walmart store with a vision to provide customers with high-quality products at low prices, and the company's motto "Save Money, Live Better" still reflects this mission today.
As a retail giant, Walmart operates a chain of hypermarkets, discount department stores, and grocery stores across the globe. They offer a wide range of products, including groceries, clothing, electronics, home goods, and more. The company also owns and operates several other brands, such as Sam's Club warehouse stores and Walmart Supercenters, which offer a combination of general merchandise and grocery items.
Throughout its history, Walmart has grown exponentially through strategic expansion and acquisitions. It has a significant presence in the United States and has expanded its operations to numerous countries around the world. Walmart's international reach has made it a global retail leader and a dominant player in the industry.
The company is well-known for its emphasis on efficiency and cost-saving measures, enabling them to offer competitive prices to consumers. They have also been at the forefront of adopting technology and e-commerce to enhance their customer experience, with a robust online presence and various delivery options.
Walmart's impact on the retail industry and its massive scale of operations have earned it both praise and criticism. With millions of employees and customers worldwide, Walmart's influence on the economy and consumer behavior remains significant.