Walmart Inc. is a multinational retail corporation operating hypermarkets, discount department stores, and grocery stores. Founded by brothers Sam and James "Bud" Walton in Rogers, Arkansas, on July 2, 1962, Walmart has grown into the world's largest company by revenue. The company also owns and operates Sam's Club retail warehouses. Approximately 270 million customers and members visit more than 10,750 stores and numerous eCommerce websites across 19 countries each week. Walmart is a publicly traded, family-owned business, with Sam Walton's heirs owning over 50 percent of the company.
Walmart's current president and CEO is John Furner, who recently succeeded Doug McMillon. Greg Penner serves as the chairman. In February 2026, Walmart's market valuation reached $1 trillion, joining an elite club dominated by technology giants. The company's success is attributed to strategic investments in AI, e-commerce, and supply chain diversification. Walmart is currently testing a "next generation" Supercenter concept, featuring a new store layout, interactive digital displays, and expanded offerings like sushi bars. With fiscal year 2025 revenue of $681 billion, Walmart employs approximately 2.1 million associates worldwide. Key product offerings include groceries (accounting for over 60% of U.S. sales), apparel, electronics, and home goods.