Walmart

Walmart Inc. is the world’s largest retailer by revenue, listed on the New York Stock Exchange under WMT and headquartered in Bentonville, Arkansas. The Walton family retains controlling ownership through their cumulative stake of approximately 46%, with Sam Walton’s heirs (Rob Walton, Jim Walton, and Alice Walton) and the broader Walton family making up among the wealthiest family groups globally. CEO Doug McMillon has led Walmart since 2014.

Sam Walton founded the company in 1962 in Rogers, Arkansas as the first Walmart Discount City, building from this single store into the dominant US discount retailer by the 1980s and the largest retailer globally by the 2000s. The 1988 introduction of the Walmart Supercenter format (combining general merchandise with full-service grocery in 100,000-to-200,000 square foot footprints) became the company’s defining growth platform and remains the dominant format in the US Walmart network. Walmart reported total revenue of approximately $681 billion in fiscal year 2025 (ended January 31, 2025), up 5.1% year-over-year, with Walmart US contributing approximately $462 billion and the international Walmart and Sam’s Club segments contributing the remainder. The 2024 strategic focus has centered on the Walmart Connect retail media network (one of the fastest-growing US digital advertising platforms), Walmart+ membership program expansion, supply chain automation investment, and the continued integration of e-commerce and physical retail. The company operates Sam’s Club as its membership-based warehouse club banner alongside the namesake Walmart banner, plus international banners including Walmex (Mexico), Asda (the United Kingdom until its 2021 sale to TDR Capital), Seiyu (Japan, sold 2021), Massmart (South Africa), Flipkart (India e-commerce, acquired 2018), and others. Walmart exited the Russian market historically, with the brand having no current Russian presence.

Walmart operates approximately 10,500 stores globally across 19 countries under the various banners, with the strongest concentration in the United States (approximately 4,600 Walmart and Sam’s Club locations), Mexico (Walmex’s approximately 3,000 stores), and significant operations in Canada, Central America, Chile, China, and India. The typical Walmart Supercenter occupies 180,000 square feet, with the Walmart Discount Store format at approximately 105,000 square feet and Neighborhood Market grocery format at approximately 42,000 square feet. For mall operators, Walmart is rarely an in-mall tenant by design, operating instead as a primary anchor for power centers, retail parks, and freestanding pad sites where the Supercenter format’s substantial footprint and parking requirements drive the format selection. In selected mall properties, Walmart operates as a standalone anchor or in adjacent-pad positioning that supports broader mall traffic without being integrated into the traditional inline mall format.