Walmart Changes Its Legal Name to Reflect How Customers Want to Shop
December 06 2017 - 09:24AM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171206005747/en/
Wal-Mart Stores, Inc.Investor Relations:Steve Schmitt,
479-258-7172orMedia Relations:Randy Hargrove, 800-331-0085
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