Walmart Inc. is a multinational retail corporation founded in 1962 by Sam Walton and headquartered in Bentonville, Arkansas. It is one of the largest and most profitable retailers globally and the largest private employer in the United States, with over one million employees. Walmart's mission is to help people save money and live better, which has guided its growth from a single store to thousands of locations worldwide.
The company operates various retail formats, including discount stores, supercenters that combine general merchandise with groceries, and membership-only warehouse clubs under the Sam's Club brand. Walmart offers a wide range of products, including groceries, apparel, electronics, and home goods, catering to a diverse customer base. Known for its "Every Day Low Prices" strategy, Walmart leverages high sales volume and efficient supply chain management to provide competitive pricing.
Walmart has embraced technology and innovation, investing in e-commerce and supply chain automation to enhance customer experience. Its business model focuses on inventory control and cost efficiencies, contributing to its sustained growth and market presence across five continents.