Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. In India, Walmart operates under the name of Flipkart Wholesale.
As of July 31, 2022, Walmart has 10,585 stores and clubs in 24 countries, operating under 46 different names. Out of which we have chosen 45 stores for basic analysis.
Walmart is the world's largest company by revenue, with about US$570 billion in annual revenue, according to the Fortune Global 500 list in May 2022.
In the fiscal year ended January 31, 2024, Walmart's global net sales amounted to 642.6 billion U.S. dollars, an increase of approximately six percent in comparison to a year earlier.
Walmart Walmart was founded in 1962 by Sam Walton when he and his brother James “Bud” Walton opened the first Wal-Mart Discount City in Rogers, Arkansas. Since then, Walmart has grown to become the largest publicly-owned retail company in the world. In the United States, the company includes Walmart discount stores, supercenters, neighborhood markets, and Sam’s Club warehouse membership clubs. The company also has many international operations. Walmart is considered a variety store which focuses on low prices featuring apparel as well as hard goods, and has been committed to upholding their basic value of customer service. Beginning in the early 1990s, Walmart went to great lengths to increase their market share. They introduced a full line of groceries into their stores, diversified their market by appealing to certain ethnic groups through bilingual advertisements, and took steps to promote the awareness of environmental issues.As of 2024, Walmart operated 10,616 stores worldwide; with 4,615 of those stores located in the United States alone.
In the fiscal year ended January 31, 2024, Walmart's revenue amounted to approximately *** billion U.S. dollars worldwide. Compared to a year earlier, the retailer's revenue increased by *** percent. Walmart, formerly known as Wal-Mart Stores, Inc., is one of the most well-known and valuable brands in the world. The company operates discount stores, supercenters, and neighborhood markets globally. Powerhouse of retail in both domestic and international markets Walmart deals in a wide variety of products, such as groceries, apparel, furniture, home appliances, and electronics. The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart’s strongest segment, in terms of revenue, is Walmart U.S., which operates retail stores in the company’s domestic market of the United States. This segment also includes Walmart’s U.S. eCommerce website: walmart.com. The company’s Walmart International and Sam’s Club business divisions operate globally generating revenue through retail, wholesale, membership club, and online product sales. How do other leading retailers compare to Walmart, in terms of sales revenue? Walmart is far ahead of its rivals in the global fast moving consumer goods sector, with nearly double the retail sales of its closest competitors. In terms of historic sales revenue, Amazon and Costco have also witnessed the steady growth experienced by Walmart over the past number of years.
In fiscal year 2024, Walmart International registered sales of approximately 49.7 billion U.S. dollars in Mexico and Central America. Meanwhile, net sales in China amounted to around 17 billion, up from about 13.9 billion in the previous year. Walmart International had total net sales of approximately 115 billion U.S. dollars that year. Walmart Walmart was founded in 1962 by Sam Walton when he and his brother James “Bud” Walton opened the first Wal-Mart Discount City in Rogers, Arkansas. Since then, Walmart has grown to become the largest publicly-owned retail company in the world. In the United States, the company includes Walmart discount stores, supercenters, neighborhood markets, and Sam’s Club warehouse membership clubs. Company divisions The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart’s strongest segment, in terms of revenue, is Walmart U.S., which operates retail stores in the company’s domestic market of the United States. The company’s Walmart International and Sam’s Club business divisions operate globally generating revenue through retail, wholesale, membership club, and online product sales. As of fiscal year 2024, around 18 percent of Walmart’s net sales came from the international division. This division saw its sales fluctuate during the last decade, and especially saw a significant drop when, in the first quarter of fiscal 2022, the company terminated its operations in the United Kingdom and Japan.
In 2023, Walmart's online sales were estimated at **** billion U.S. dollars. According to forecasts, the U.S.-based multinational retail corporation's e-commerce sales were to further increase in the coming years, reaching **** billion dollars by 2024. In addition, Walmart's marketplace gross merchandise volume growth was *** percent in 2020. This unprecedented growth in the digital segment was largely due to the COVID-19 pandemic.
From 2004 to 2024, the net revenue of Amazon e-commerce and service sales has increased tremendously. In the fiscal year ending December 31, the multinational e-commerce company's net revenue was almost *** billion U.S. dollars, up from *** billion U.S. dollars in 2023.Amazon.com, a U.S. e-commerce company originally founded in 1994, is the world’s largest online retailer of books, clothing, electronics, music, and many more goods. As of 2024, the company generates the majority of it's net revenues through online retail product sales, followed by third-party retail seller services, cloud computing services, and retail subscription services including Amazon Prime. From seller to digital environment Through Amazon, consumers are able to purchase goods at a rather discounted price from both small and large companies as well as from other users. Both new and used goods are sold on the website. Due to the wide variety of goods available at prices which often undercut local brick-and-mortar retail offerings, Amazon has dominated the retailer market. As of 2024, Amazon’s brand worth amounts to over *** billion U.S. dollars, topping the likes of companies such as Walmart, Ikea, as well as digital competitors Alibaba and eBay. One of Amazon's first forays into the world of hardware was its e-reader Kindle, one of the most popular e-book readers worldwide. More recently, Amazon has also released several series of own-branded products and a voice-controlled virtual assistant, Alexa. Headquartered in North America Due to its location, Amazon offers more services in North America than worldwide. As a result, the majority of the company’s net revenue in 2023 was actually earned in the United States, Canada, and Mexico. In 2023, approximately *** billion U.S. dollars was earned in North America compared to only roughly *** billion U.S. dollars internationally.
In quarter two of 2023, Walmart's inventory turnover was **** turns. Walmart had net sales of approximately *** billion U.S. dollars in 2023.
In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.
This statistic depicts the sales of the leading retailers in the United States in 2023. Walmart was the leading retailer in the United States with about 635 billion U.S. dollars worth of sales that year.
Flipkart Private Limited reported a revenue amounting to over *** billion Indian rupees in the financial year 2024. Additionally, the e-commerce player had an increase of ** percent in its revenue, compared to the previous year. Online marketplaces in India Along with a rising internet penetration rate in India, the number of digital buyers rose linearly. The rise of e-commerce the country goes hand in hand with the expansion of online marketplaces. Although marketplace shipping continues to be the most popular shipping method, direct-to-consumer shipments continued to grow in terms of share of e-commerce shipments. Flipkart as Amazon’s competitor As the global e-commerce player, Amazon ranks first in terms of net e-commerce sales, with Flipkart close behind. In 2018, American retail giant Walmart acquired the home-grown retailer for ** billion U.S. dollars and became a ** percent stakeholder. Flipkart’s product portfolio is widespread, standing out in the online sales of apparel with more than ** percent of buyers purchasing apparel on the Bengaluru-based player. Its continued growth led to plans of an initial public offering (IPO) in the United States by the end of 2021.
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Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. In India, Walmart operates under the name of Flipkart Wholesale.
As of July 31, 2022, Walmart has 10,585 stores and clubs in 24 countries, operating under 46 different names. Out of which we have chosen 45 stores for basic analysis.
Walmart is the world's largest company by revenue, with about US$570 billion in annual revenue, according to the Fortune Global 500 list in May 2022.