Journalism of Courage
Walmart
Follow on:
Walmart Inc: A Retail Giant's Global Footprint Walmart Inc, formerly Wal-Mart Stores, Inc, is an American multinational retail corporation operating a vast network of hypermarkets, discount stores, and grocery stores across 24 countries. Founded in 1962 by brothers Sam and James "Bud" Walton in Roge...
- Company type Public
- Industry Retail
- Founded July 2, 1962
- Founders Sam Walton, Bud Walton
- Headquarters Bentonville, Arkansas, United States
- Area served Worldwide
- Key people Greg Penner (chairman), Doug McMillon (president, CEO)
- Revenue US$680.99 billion (2025)
- Net income US$19.436 billion (2025)
- Number of employees 2,100,000 (2025)
- Subsidiaries List of subsidiaries
- Website www.walmart.com
Related Other Pages:
- D-Mart and True Value
Walmart history
Last Updated : 22/03/25, 11:55 AM
Walmart: From Humble Beginnings to Retail Giant Sam Walton's entrepreneurial journey began with a Ben Franklin store in 1945, focusing on high-volume sales at low prices. Early success led to the opening of "Walton's Five and Dime" in Bentonville, Arkansas, which later became the Walmart Museum. The...
WALMART NEWS
Walmart may launch IPO for Flipkart in as early as four years
May 12, 2018 2:24 pm
Walmart announced earlier this week that it will pay $16 billion for a roughly 77 percent stake in Flipkart in what is the US retail giant's largest-ever deal and a move to take on arch rival Amazon.com Inc in a key growth market.
Flipkart deal done, Walmart CEO Doug McMillon: Will create jobs, good for customers
May 11, 2018 7:56 am
McMillon said the Flipkart acquisition notwithstanding, the retailer plans to continue running its cash-and-carry business and expand it further. Walmart will operate both the brick-and-mortar and online retail businesses separately in India.
Flipkart-walmart deal impact: Grocery retail to become Rs 10,000-crore business in two years, say experts
May 11, 2018 2:04 am
The deal will also will effectively consolidate the Indian retail sector into a two-player market – Amazon and Walmart -- and the ensuing balance sheet strength will drive investments in infrastructure, especially in sourcing and logistics.
CPI(M) opposes Walmart acquisition of 77 per cent stake in Flipkart
May 10, 2018 4:08 pm
Walmart sources its products from international markets and now these will be sold in India which would further destroy the small scale and medium scale sector which is the largest provider of employment after the agricultural sector, the party said.
Walmart to open 50 new stores in India in 4-5 years
May 10, 2018 3:41 pm
Walmart India is a wholly-owned subsidiary of Walmart Stores Inc and offers close to 5,000 items through its cash-and-carry wholesale format.
Walmart-Flipkart deal: Sachin Bansal announces exit from company
May 10, 2018 9:11 am
In a $16 billion deal, Walmart Wednesday bought 77 per cent stake in Flipkart from existing shareholders including Japan's Softbank Group. The deal is the biggest M&A (merger and acquisition) in India so far.
Buying 77 per cent of Flipkart for $16 billion, Walmart enters growing India bazaar
May 10, 2018 7:59 am
Flipkart-Walmart deal: Deal expected to be concluded by year-end seen as bolstering Flipkart’s position against rival Amazon.
Walmart-Flipkart deal to kill job creation, says Swadeshi Jagran Manch
May 10, 2018 1:41 am
In the letter, SJM national co-convenor Ashwani Mahajan said: “(We) are writing this letter with a very heavy heart, complaining about series of violations in allowing the barge entry of global retail giant Walmart hurting national interests.”
Walmart-Flipkart deal: Fine print leaves room for more investors
May 10, 2018 1:32 am
It is learnt that Google’s parent Alphabet Inc is one of those in talks with Walmart to pick around 15 per cent stake in Flipkart for around $3 billion.
Walmart-Flipkart deal to face scrutiny from income tax dept
May 10, 2018 6:34 am
“Since the company (Flipkart) derives substantial value of its shares from the assets held in India, it would be liable for taxation here. The company has been informed about the Sections of the Income-tax Act that would be applicable,” a senior tax official said.
