Walmart Inc. (NYSE: WMT) was established in 1945, formerly known as Wal-Mart Stores Inc., changed to its current name in February 2018, and is headquartered in Bentonville, Arkansas, USA. With 2,300,000 employees worldwide, it is an American multinational retail company. In terms of turnover, Wal-Mart is the world’s second largest listed company, the world’s largest retailer, and ranked first among the Fortune 500 companies in the United States for three consecutive years . , The world’s largest private employer. Wal-Mart is a family business, and the Walton family, the controlling shareholder, owns 48% of Wal-Mart.
Walmart Inc. (WMT):
Wal-Mart Department Store Co., Ltd. was established in Arkansas in 1962 by Mr. Sam Walton, a legend in the American retail industry, was incorporated on October 31, 1969, and was publicly traded on the New York Stock Exchange in 1972.
Walmart mainly has four business modes: Walmart Shopping Plaza, Sam’s Club, Walmart Store, and Walmart Community Store. The company is divided into 3 departments to operate: Walmart US (Walmart US), Walmart International (Walmart International) and Sam’s Club ( Sam’s Club).
Walmart operates supermarkets, supermarkets, hypermarkets, warehouse clubs, cash and delivery stores, discount stores, pharmacies and convenience stores; membership-only warehouse clubs; e-commerce sites such as:
walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com and samsclub.com; and mobile commerce and voice activated business applications.
As of 2018, Wal-Mart owns and operates 11,500 large-scale supermarket chains worldwide, and operates 65 brands of online e-commerce sites in 28 countries.
Walmart sells products and services including :
1. Walmart provides/sells grocery products, including meat, agricultural products, natural and organic foods, cooked foods and bakeries, dairy products, frozen foods, alcoholic and non-alcoholic beverages, flowers and dry groceries, and consumer products such as health and beauty supplements , Baby products, household chemicals, paper products and pet products; and health and wellness products.
2. In addition, Wal-Mart also provides/sell electronic products, cameras and consumables, photo processing services, wireless, movies, music, video games and books; stationery, cars, hardware and paint, sporting goods, outdoor living and gardening; women, men And baby clothing, as well as shoes, jewelry and accessories; household goods and small appliances, bedding, home decoration, toys, textiles, crafts, seasonal goods, and branded goods.
3. In addition, Wal-Mart also provides fuel and financial services and related products, including money orders, prepaid cards, wire transfers and remittances, check cashing, bill payment and consumer credit services.
Walmart Inc. (WMT) History:
- In 1962, the first Wal-Mart department store was opened in Rogers City, Arkansas, USA.
- On October 31, 1969, Wal-Mart Department Store Co., Ltd. was established.
- In 1970, the company headquarters and the first distribution center were established in Bentonville, Arkansas, USA.
- In 1972, it was listed on the New York Stock Exchange.
- In 1983, the first Sam’s Club store was opened in Midwest, Oklahoma.
- In 1987, the largest private satellite network system was established in the United States.
- In 1988, the first shopping mall was opened in Washington, Missouri, USA.
- In 1990, Wal-Mart became the largest retailer in the United States.
- In November 1991, Wal-Mart opened its first store outside the United States in Mexico.
- On April 5, 1992, Wal-Mart founder Sam Walton passed away. In August, Wal-Mart entered Puerto Rico.
- In 1993, the Wal-Mart International Department was established, and Bobby Martin served as the President and Chief Executive Officer of the International Department.
- In November 1994, it acquired 122 stores from Woolco and entered Canada. Wal-Mart established a joint venture company and entered Hong Kong.
- In May 1995, Wal-Mart entered Brazil. In November, Wal-Mart entered Argentina.
- In 1996, it withdrew from the Hong Kong market. In August, Wal-Mart entered mainland China through the establishment of a joint venture company. Wal-Mart enters Indonesia.
- In 1997, it became the largest private employee company in the United States. Wal-Mart replaced Walworth (Woolworth) as the Dow Jones Industrial Average stock. In the same year, Wal-Mart’s turnover exceeded US$100 billion for the first time. Exit the Indonesian market.
- In 1998, the first community store was opened in the United States. Acquired 21 supermarket chains from Wertkauf and entered Germany. Entered South Korea by establishing a joint venture company.
- In 1999, Wal-Mart had 1.14 million employees, making it the largest private employee company in the world. In September, it acquired 229 stores of ASDA Group and entered the UK. Acquired 74 supermarket chains in Interspa, Germany.
- In 2001, it ranked first among Fortune Global 500 companies for the first time.
- In March 2002, it acquired part of the shares of Seiyu Department Store in Japan and entered Japan.
- In 2003, Wal-Mart set a single-day sales record of US$1.52 billion on a Black Friday.
- In 2004, Wal-Mart invested $17 million to acquire the Amigo chain store in Puerto Rico.
- In 2005, increased its shareholding in Seiyu Department Store in Japan to 56.56%. Purchased more than 140 Portuguese stores in Brazil’s Sonae SGPSSA Group. Start using electronic labels.
- In 2006, it obtained a controlling stake in a Central American Retail Holding Company, thus expanding its business in Costa Rica, Guatemala, El Salvador, Honduras and Nicaragua. In May, Wal-Mart’s 16 stores in South Korea were resold to E-Mart and withdrew from the Korean market. At the end of July, Wal-Mart’s operations in Germany failed completely, and all of its 85 supermarkets were resold to Metro AG and withdrawn from the German market.
- On December 23, 2008, Wal-Mart proposed to acquire Distribucion y Servicio D&S SA, Chile’s largest retailer, at a price of 40.8 cents (259 pesos) per share equivalent to US$2.66 billion in cash in good faith.
- On May 30, 2009, Wal-Mart (Wal-Mart) opened its first store in India on the 30th, officially entering India’s $430 billion retail market, and plans to invest another $100 million in the next three years. 15 wholesale stores. The store is operated by Bharti Wal-Mart, a joint venture between Wal-Mart and India’s Bharti, and is named “Best Price Modern Wholesale” (Best Price Modern Wholesale).
- On November 10, 2009, Wal-Mart UK sold 3.1 billion shares of Asda common stock to Corinth Services, the investment arm of the Wal-Mart Group, and received 5.7 billion pounds in cash. In addition, it acquired Corinth’s shares worth 1.24 billion pounds.
- On May 28, 2010, Wal-Mart’s Asda spent 778 million pounds (US$1.1 billion) to acquire Netto Foodstores Group, a British discount retailer with 193 chain stores, from Dansk Supermarked AS. Asda’s 2009 sales were 31.2 billion US dollars. Shipping giant APMoller-Maersk owns 68% of Dansk, Denmark’s largest retailer, while the remaining shares are held by Danish retailer Salling.
- On July 27, 2011, Walmart entered the movie rental market.
- On November 19, 2010, Sam’s Club, a brand of Walmart China, launched an online shopping service in China.
- In November 2010, Wal-Mart successfully acquired 101 stores of Haoyouduo Commercial Development Co., Ltd. at a cost of approximately US$1 billion.
- On February 20, 2012, Wal-Mart increased its investment in Yihaodian, a Chinese e-commerce company, and its shareholding ratio increased from 20% to approximately 51%.
- In April 2012, a new function called “PaywithCash” was launched.
- On August 7, 2014, Shenzhen TV reported that Walmart’s Shenzhen Honghu store used expired meat to make cooked food and wormed rice to make fast food for consumers. The frying oil took only half a month to change.
- On July 23, 2015, Wal-Mart stated that it had acquired the remaining 49% of Yihaodian from the former executives of Yihaodian and Ping An of China, and fully included the Chinese e-commerce company in order to accelerate the development of e-commerce business in China.
- June 20, 2016, Wal-Mart to sell its One shop (yhd.com) to Jingdong , Wal-Mart get 144,952,250 shares of newly issued Class A shares Jingdong, about 5% of the total share capital, Jingdong will obtain ownership Shop No. 1 market platform, At the same time, Wal-Mart’s Sam’s Club (China) will open a store on JD.com.
- On August 8, 2016, Wal-Mart acquired e-commerce Jet.com for US$3 billion in cash and Wal-Mart stock worth 300 million yuan.
- On December 31, 2016, Wal-Mart increased its stake in JD.com to 12.1%.
- On June 17, 2017, Walmart acquired Bonobos, an online menswear brand, for 310 million yuan in cash.
- On December 6, 2017, Wal-Mart will change the company’s legal name from “Wal-Mart Stores” to “Walmart Inc”, and this change will take effect on February 1, 2018.
- On April 30, 2018, Samboli (J Sainsbury plc, LSE: SBRY) purchased Asda from Wal-Mart for 2.975 billion pounds (approximately US$4.1 billion) in cash and 42% of the combined new company. (Supermarket), the combined new company will have more than 2,800 retail stores and become the largest supermarket group in the UK. Wal-Mart agreed to hold no more than 29.9% of the voting rights in the new company.
- On May 8, 2018, Wal-Mart announced plans to acquire 77% of India’s largest e-commerce company Flipkart for US$16 billion. (The Japanese SoftBank Group , which invested in Flipkart, can make a profit of up to US$2 billion). The remaining shares will be owned by Flipkart. Co-founders Bansar, Tencent , Microsoft , Tiger Global Management Company and other shareholders.