Walmart is one of the biggest names in both the online and offline retail industry. It has the distinction of being the largest company in the world based on revenues in the year 2019. The multinational corporation has posted its revenues for January 2020 at 523.964 billion dollars making it one of the prominent companies in the world. In the United States, it is the largest grocery retailer with 65% of its total company sales from this country.
Walmart operates a chain of retail outlets in the form of grocery stores, discount department stores and hypermarkets through three segments Walmart International, Walmart US and Sam’s Club and an e-commerce network Walmart.com with one lakh visitors every month and an annual growth that surpasses 40%.
Walmart, Inc is an American origin public company that was founded in the year 1962 by its founder Sam Walton. It serves with headquarters based at Bentonville, Arkansas in the United States and has spread its presence with eleven thousand five hundred and three outlets and clubs in twenty-seven countries.
Walmart product portfolio includes grocery, automotive goods, party supplies, craft supplies, pet supplies, fitness items, health and beauty, jewellery, clothing, home and furniture, electronics and movies and music etc. Financial products and services include bill payment, check to cash, prepaid cards and money orders etc.
Walmart faces stiff competition in every sphere of its business. Some of its competitors are-