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Walmart Inc. is an American global retail corporation that operates a chain of hypermarkets, discount department stores, and supermarkets from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It additionally owns and operates Sam's Club retail warehouses.
Walmart was listed on the New York Stock Exchange in 1972. By 1988, it was the most productive retailer in the U.S., and it had become the largest regarding income by October 1989. The organization was initially geographically limited to the South and lower Midwest, however it had stores from one coast to another by the mid 1990s. Sam's Club opened in New Jersey in November 1989, and the first California outlet opened in Lancaster, in July 1990. A Walmart in York, Pennsylvania, opened in October 1990, the first main store in the Northeast.
Walmart's investments outside the U.S. have seen mixed results. Its operations and subsidiaries in Canada, the United Kingdom, Central America, South America, and China are highly successful, however its ventures failed in Germany and South Korea.
Since August 2018, Walmart holds just a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the organization's offers, and private value firm Advent International holding 80% ownership of the company.
Walmart is the world's largest company by income, with US$548.743 billion, as indicated by the Fortune Global 500 list in 2020. It is additionally the largest private business on the planet with 2.2 million workers. It is a publicly traded family-owned business, as the organization is controlled by the Walton family. Sam Walton's beneficiaries own more than 50% of Walmart through both their holding company Walton Enterprises and their individual holdings. Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart's US$510.329 billion sales came from U.S. operations.
As of January 31, 2021, Walmart has 11,443 stores and clubs in 26 countries, operating under 54 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, it is affiliated with Asda in the United Kingdom, as the Seiyu Group in Japan, and as Flipkart Wholesale in India. It has completely owned operations in Argentina, Chile, Canada, and South Africa.
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