BENTONVILLE, Ark. -- (Business Wire)
Reflecting its growing status as an omni-channel retailer Walmart today
announced plans to change the company’s legal name from Wal-Mart Stores,
Inc. to Walmart Inc. effective Feb. 1, 2018. The name change chiefly
demonstrates the company’s growing emphasis on serving customers
seamlessly however they want to shop: in stores, online, on their mobile
device, or through pickup and delivery.
“Our customers know us as Walmart and today they shop with us not only
in our stores but online and with our app as well,” said Doug McMillon,
Walmart president and CEO. “While our legal name is used in a limited
number of places, we felt it was best to have a name that was consistent
with the idea that you can shop us however you like as a customer.
Looking ahead, we’ll continue to invest in and strengthen our stores
around the world and expand our eCommerce capabilities as we help save
customers’ time and money. As time goes on, customers will increasingly
just think of and see one Walmart.”
Walmart operates under nearly 60 different banners around the world,
including eCommerce sites, and has more than 11,600 stores and clubs in
28 countries. The company opened its first international location in
Mexico City in 1991 and launched Walmart.com in
2000. Walmart will continue to trade on the NYSE as WMT and the company
name should be referenced as Walmart.
Walmart’s formal legal name when it incorporated on Oct. 31, 1969, was
Wal-Mart, Inc. It was changed to Wal-Mart Stores, Inc., on Jan. 9, 1970
and has remained in place the past 47 years since Walmart went
public that same year. The company has been using the
current Walmart logo in its operations since June 2008.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores, online,
and through their mobile devices. Each week, over 260 million customers
and members visit our more than 11,600 stores under nearly 60 banners in
28 countries and eCommerce websites. With fiscal year 2017 revenue of
$485.9 billion, Walmart employs approximately 2.3 million associates
worldwide. Walmart continues to be a leader in sustainability, corporate
philanthropy and employment opportunity. Additional information about
Walmart can be found by visiting http://corporate.walmart.com,
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171206005747/en/
Contacts:
Wal-Mart Stores, Inc.
Investor Relations:
Steve Schmitt,
479-258-7172
or
Media Relations:
Randy Hargrove,
800-331-0085
Source: Wal-Mart Stores, Inc.
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