Develop and improve products. List of Partners vendors. Walmart Inc. WMT , founded nearly six decades ago by Sam Walton in Arkansas, is one of the largest discount and superstore retailers in the world. The company offers a wide variety of merchandise through its traditional brick-and-mortar retail outlets as well as its growing e-commerce business. Walmart sells a dizzying breadth of items, including apparel, house wares, small appliances, electronics, musical instruments, books, home improvement, shoes, jewelry, pharmaceutical products, automotive tools, groceries, and more.
Walmart operates approximately 11, stores in 27 different countries. The top shareholders of Walmart are S. Robson Walton, Marc E. Lore, C. In this context, it has nothing to do with insider trading. We look in more detail below at the 6 largest shareholders of Walmart. Robson 'Rob' Walton owns a total of 2,, Walmart shares, representing 0. Rob Walton is the son of Walmart founder Sam Walton and first joined the company in , seven years after it was founded. He was chair of Walmart's board of directors for 23 years from to , a period during which Walmart grew from a small chain into one of the world's biggest retailers.
Before taking the chair's role, Walton served in various roles, including senior vice president, corporate secretary, general counsel, and vice chair.
He retired from the board in Marc Lore owns a total of 1,, Walmart shares, representing 0. Thus, Lore is the leader of Walmart's effort to build an e-commerce business that can compete with Amazon. Douglas McMillon owns a total of 1,, Walmart shares, representing 0. McMillon worked his way up Walmart's ranks for nearly 30 years, starting by unloading company trucks as a teenager before eventually becoming president and CEO in Walton Enterprises owns 1.
This transfer did not affect the total number of Walmart shares owned by the Walton family. The Walton family responded by setting up the Trust to facilitate sales of Walmart shares to maintain a balance between family and non-family ownership.
The original statement announcing the foundation of the Trust indicated that sales proceeds would be used to help fund charitable contributions. Vanguard Group owns Walmart comprises 0. The company went public in , and the proceeds financed a steady expansion of the business. Sam credited the rapid growth of Walmart not just to the low costs that attracted his customers, but also to his associates.
He relied on them to give customers the great shopping experience that would keep them coming back. Sam shared his vision for the company with associates in a way that was nearly unheard of in the industry. He made them partners in the success of the company, and firmly believed that this partnership was what made Walmart great. As the stores grew, so did Sam's aspirations. In addition to bringing new approaches and technologies to retail, he also experimented with new store formats—including Sam's Club and the Walmart Supercenter—and even made the decision to take Walmart into Mexico.
Sam's fearlessness in offering lower prices and bringing Walmart's value to customers in the U. His strong commitment to service and to the values that help individuals, businesses and the country succeed earned him the Presidential Medal of Freedom, awarded by President George H.
Bush in It was during Sam's acceptance remarks that he articulated what would come to be Walmart's official company purpose.
Today, "saving people money so they can live better" is the driving force behind everything we do. Sam Walton believed running a successful business boils down to 10 simple rules and they helped Walmart become the global leader it is today.
We continue to apply them to every part of our business. Read his 10 rules for building a better business ».
Sam Walton died in , shortly after receiving the Medal of Freedom, but his legacy lives on. To this day, Walmart remains a leader in the retail industry. We are committed not just to expanding the business to better serve our customers, but also to improving the communities we serve through our efforts to constantly improve what we do and how we do it, and through the impacts we're able to achieve through the Walmart Foundation.
Through this daily dedication to our business and our customers, we honor Mr. Walmart's history is more than just the stores we've built, the partnerships we've made and the customers we've served. So much of our history is in the details. Sam Walton's strategy is built on an unshakeable foundation: the lowest prices anytime, anywhere.
In the s, a decade of incredible growth, "Mr. Sam" begins to take Walmart national, providing his vision's widespread appeal. In the s, the first Sam's Club opens, serving small businesses and individuals, and the first Walmart Supercenter opens, combining a supermarket with general merchandise. Walmart replaces cash registers with computerized point-of-sale systems, enabling fast and accurate checkout.
The Walton family establishes the Walton Family Foundation. The company installs the largest private satellite communication system in the U. The first Walmart Supercenter opens in Washington, Missouri, combining general merchandise and a full-scale supermarket to provide one-stop shopping convenience. By , Walmart is the nation's No. As the Walmart Supercenter redefines convenience and one-stop shopping, Everyday Low Prices goes international.
Walmart enters the new millennium dedicated to offering customers a seamless shopping experience, whether they are online, in a store or on a mobile device. Walmart makes a major commitment to environmental sustainability, announcing goals to create zero waste, use only renewable energy and sell products that sustain people and the environment. Walmart commits to serving customers in a changing retail environment, leveraging both associates and technology to make it happen.
Walmart launches a global commitment to sustainable agriculture, aiming to strengthen local farmers and economies, while providing customers access to affordable, high-quality food.
With the acquisition of Massmart in South Africa, Walmart surpasses 10, retail units around the world. Get the Insider App. Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts.
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