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Walmart
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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
Flipkart-Walmart deal: CCI says discounting practice 'already prevalent', no bar on it to probe
August 12, 2018 2:10 pm
Walmart announced in May the acquisition of 77 per cent stake of Flipkart in its biggest takeover till date. However, in the following month, more than 100 trader organisations opposed the deal stating it will cause "irreversible damage" to small traders and endanger jobs for thousands.
Flipkart-Walmart deal: Tax department expects details from Walmart in a fortnight
August 10, 2018 12:40 am
The buyer, Walmart, is expected to withhold tax under Section 197 of the Income Tax Act, a senior tax department official said, adding that Flipkart has already shared the share purchase agreement with them.
Competition Commission clears Walmart-Flipkart deal
August 09, 2018 9:15 am
In May, Walmart had announced acquisition of 77 per cent stake of Flipkart for $16 billion in its biggest takeover yet. This values Flipkart at over $20 billion.
Walmart to open 20 cash-and-carry stores in India in next three years
July 23, 2018 1:48 pm
Walmart operates 21 cash and carry stores under the 'Best Price' brand in 9 states across India. It has signed MoU with the Uttar Pradesh government to have 15 stores in next few years in the state.
Maharashtra plastic ban: Walmart to remove single-use shrink wrap
July 11, 2018 10:16 pm
The company has already started the drive in its Best Price stores in Maharashtra and is expanding this initiative across its outlets in the rest of the country in a phased manner.
Retailers to move CCI against Walmart-Flipkart deal
May 22, 2018 8:27 am
The traders' body alleged that the deal involves important issues related to FDI policy, cyber security, apprehension of using e-commerce for entering retail trade by circumventing the law etc.
Walmart approaches Competition Commission of India for approval of Flipkart acquisition
May 18, 2018 10:52 pm
According to the notice submitted to the CCI by Wal-Mart International Holdings, the proposed transaction will be effected pursuant to the share purchase agreement and the share issuance and acquisition agreement entered into on May 9 by and among Walmart's subsidiary and Flipkart.
As startup funding crawls: DIPP to slam brakes on fund releases till FY19
May 14, 2018 12:50 am
SIDBI has so far committed Rs 1,285 crore to 27 local venture capital funds under the FFS scheme, of which Rs 141 crore —only about 11 per cent — has been disbursed to these funds till April 2018.
Tax dept to seek share purchase pact from Flipkart to ascertain tax liability
May 13, 2018 1:00 pm
As per the definitive agreement between the companies last week, Walmart will acquire about 77 per cent stake in Flipkart for USD 16 billion. The agreement will effectively result in transfer of ultimate ownership in Flipkart India to Walmart.
Tipping the cart: The gamechanging Walmart-Flipkart deal
June 26, 2018 11:47 am
The $16 billion acquisition of Flipkart by Walmart changes the online marketplace for India, the two companies and their main rival Amazon. reviews the deal, what it means for the three, and what’s on their wishlist.
