Walmart Inc. was founded by American retail legend Mr. Sam Walton in Arkansas in 1962. Over the past 50 years, the company has served customers and is now the world’s largest private employer and retailer. Walmart was ranked on the top of the Fortune 500 list several times and is among the most recognized global brands.
Walmart helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, over 265 million customers and members visit our 10,500 stores under 58 banners in 24 countries and eCommerce websites. Walmart had revenues of $559.2 billion in fiscal year 2021 and employs over 2.2 million associates worldwide. Walmart strives to be a leader in sustainability, corporate philanthropy and employment opportunity.
Since the first Walmart store opened in 1962 in Rogers, Arkansas, Walmart has been dedicated to making a difference in the lives of our customers. Our business is the result of Sam Walton's visionary leadership, along with generations of associates focused on helping customers and communities save money and live better. This rich heritage defines who we are and what we do today.
As an omnichannel retailer, we changed the company’s legal name from Wal-Mart Stores, Inc. to Walmart Inc. on Feb. 1, 2018. The name change demonstrates our determination to serve customers however they want to shop: whether in stores, online, on their mobile device, or through pickup and delivery.
Walmart China opened the first Walmart Hypermarket and Sam’s Club in Shenzhen in 1996. Since then, we have grown to operating over 400 stores in 170 cities nationwide, 23 distribution centers.
Today, we operate a number of formats and banners in China including Walmart Hypermarket and Sam’s Club.
The company is committed to diversity, cultivating local talent, and women leadership. 99.9% of Walmart China associates are Chinese nationals. 68% of our associates are female and women occupy nearly 50% of Director-and-above positions. The company has numerous initiatives to support and accelerate career development for women. Walmart is committed to the Chinese market and has recently announced plans to grow its omnichannel business, upgrade existing stores, increase investment in food safety, and continue strengthening partnerships with local suppliers.