Last updated on September 7th, 2022 at 11:15 am
Here you get to Know about Walmart Inc, Profile of Walmart US, Walmart International Business. Walmart is the Largest company in the world by Revenue.
Walmart Inc was incorporated in Delaware in October 1969. Walmart Inc. helps people around the world save money and live better – anytime and anywhere – by providing the opportunity to shop in retail stores and through eCommerce.
Through innovation, The Company strive to continuously improve a customer-centric experience that seamlessly integrates eCommerce and retail stores in an omnichannel offering that saves time for customers.
Walmart Inc started small, with a single discount store and the simple idea of selling more for less, has grown over the last 50 years into the largest retailer in the world. Each week, approximately 220 million customers and members visit approximately 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites.
In 2000, walmart began first eCommerce initiative by creating walmart.com and then later that year, adding samsclub.com. Since then, the company eCommerce presence has continued to grow. In 2007, leveraging physical stores, walmart.com launched its Site to Store service, enabling customers to make a purchase online and pick up merchandise in stores.
- Total Revenue: $560 Billion
- Employees: More than 2.2 million employees
- Sector: Retail
Since 2016, The Company has made several eCommerce acquisitions which have enabled us to leverage technology, talent and expertise, as well as incubate digitally-native brands and expand assortment on walmart.com and in stores.
In fiscal 2017, walmart.com launched free two-day shipping and created Store No
8, a technology incubator with a focus to drive eCommerce innovation.
Then in fiscal 2019, Walmart Inc continued to enhance eCommerce initiatives with the acquisition of a majority stake of Flipkart Private Limited (“Flipkart”), an Indian-based eCommerce marketplace, with an ecosystem that includes eCommerce platforms of Flipkart and Myntra as well as PhonePe, a digital transaction platform.
In fiscal 2020, Walmart Inc launched Next Day Delivery to more than 75 percent of the U.S. population, launched Delivery Unlimited from 1,600 locations in the U.S. and expanded Same Day Pickup to nearly 3,200 locations. Walmart Inc now have more than 6,100 grocery pick up and delivery locations globally.
With fiscal year 2021 revenue of $559 billion, Walmart employs over 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. It’s all part of unwavering commitment to creating opportunities and bringing value to customers and communities around the world.
Walmart Inc is engaged in global operations of retail, wholesale and other units, as well as eCommerce, located throughout the U.S., Africa, Argentina, Canada, Central America, Chile, China, India, Japan, Mexico and the United Kingdom.
The Walmart Inc operations comprise three reportable segments:
- Walmart U.S.,
- Walmart International and
- Sam’s Club.
Each week, Walmart Inc serve over 265 million customers who visit approximately
11,500 stores and numerous eCommerce websites under 56 banners in 27 countries.
During fiscal 2020, Walmart Inc generated total revenues of $524.0 billion, which primarily comprised net sales of $519.9 billion. The Company common stock trades on the New York Stock Exchange under the symbol “WMT.”
Walmart U.S. Segment
Walmart U.S. is the largest segment and operates in the U.S., including in all 50 states, Washington D.C. and Puerto Rico. Walmart U.S. is a mass merchandiser of consumer products, operating under the “Walmart” and “Walmart Neighborhood
Market” brands, as well as walmart.com and other eCommerce brands.
Walmart U.S. had net sales of $341.0 billion for fiscal 2020, representing 66% of fiscal 2020 consolidated net sales, and had net sales of $331.7 billion and $318.5 billion for fiscal 2019 and 2018, respectively.
Of the three segments, Walmart U.S. has historically had the highest gross profit as a
percentage of net sales (“gross profit rate”). In addition, Walmart U.S. has historically contributed the greatest amount to the Company’s net sales and operating income.
Walmart International Segment
Walmart International is Walmart Inc second largest segment and operates in 26 countries outside of the U.S.
Walmart International operates through Walmart Inc wholly-owned subsidiaries in Argentina, Canada, Chile, China, India, Japan and the United Kingdom, and majority-owned subsidiaries in Africa (which includes Botswana, Ghana, Kenya, Lesotho, Malawi, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Tanzania, Uganda and Zambia), Central America (which includes Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua), India and Mexico.
Walmart International includes numerous formats divided into three major categories:
- Wholesale and Other.
These categories consist of many formats, including: supercenters, supermarkets, hypermarkets, warehouse clubs (including Sam’ Clubs) and cash & carry, as well as eCommerce through
- flipkart.com and other sites.
Walmart International had net sales of $120.1 billion for fiscal 2020, representing 23% of fiscal 2020 consolidated net sales, and had net sales of $120.8 billion and $118.1 billion for fiscal 2019 and 2018, respectively.
Sam’s Club Segment
Sam’s Club operates in 44 states in the U.S. and in Puerto Rico. Sam’s Club is a membership-only warehouse club that also operates samsclub.com.
Walmart Inc Sam’s Club had net sales of $58.8 billion for fiscal 2020, representing 11% of consolidated fiscal 2020 net sales, and had net sales of $57.8 billion and $59.2 billion for fiscal 2019 and 2018, respectively.
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