Walmart Is Changing Its Name (2024)

FAQs

Why is Walmart changing its name? ›

While Wal-Mart Stores as a corporate legal name is rarely used in public-facing materials or in stores themselves, CEO Doug McMillon said in a statement that he felt the name change was needed to be “consistent with the idea that you can shop us however you like as a customer.” He added: “Our customers know us as ...

Changing our corporate name from Wal-Mart Stores, Inc., to Walmart Inc. is just a symbol of how customers are shopping us today and how they'll increasingly shop us in the future.

Our new and remodeled stores will reflect Walmart's Store of the Future concept, featuring improved layouts, expanded product selections and innovative technology to help our associates better support our customers and make shopping more convenient and enjoyable.

The Walton family is the largest shareholder of Walmart, holding 50% of the company's shares. The Walton family acquired such high ownership of the company because they are the descendants of Sam Walton, who founded the company. The family received a majority of the shares via inheritance and made additional purchases.

Walmart Is Closing Stores Across America

The chain attributes the closings in part to shoplifting and organized retail crime. Now, Walmart has even more stores on the chopping block. According to Business Insider, below are the Walmart stores that are slated to be shut down due to underperformance.

For years, Walmart has held the title of America's biggest retailer by revenue, with sales reaching $648 billion last year. But Amazon is closing in fast with $575 billion in revenue, growing at a rate of 12% compared to Walmart's 6%.

Walmart generally has the right to ask for a receipt when you leave the store as part of their efforts to prevent theft.

Dollar Tree, Inc. is not owned by Walmart. It is an independent company. It owns Dollar Tree, Dollar Bills and also a subsidiary known as Family Dollar. The parent company was once known as Only $1.00.

Walmart = Market created by Wal. Wal is derived from the name Samuel Walton, the of founder of Walmart. Walmart is the largest discount retailer in the world. The company started out as a small chain of stores in rural towns.

What was Walmart's old logo? ›

1962-1964: The first version of the Walmart logo

This logo was plain, solely featuring simple blue letters which spelled out the store name.

This is what that store looked like. But where does the name come from? Following the success of the Arkansas store, Walton decided to open multiple stores under “Wal-Mart Stores, Inc.” While there are no official records on the origins of the name, “Wal-Mart” was likely an abbreviation for Walton's Market.

The retailer joins Target, Dollar General and other chains in recalibrating its reliance on self-service and rethinking the checkout experience. This audio is auto-generated.

Wal-mart is not shutting down all of their fabric departments. The ones that do not have or are phasing out the fabric departments are stores that weren't making any money off of it. A lot of these stores are going to eventually carry pre-cut fabric packs, like charm packs and jelly rolls.

The logo was changed in 2008 when the retailer adopted what many thought looked like a flower or a star. But despite the yellow logo baring close resemblance to both, the symbol actually resembles a spark.

The retail giant updated its logo again in 1981, keeping the hyphen and changing the font. Another update came in 1992. Walmart kept the font of its previous logo the same but replaced the hyphen with a star. Finally, in 2008, Walmart dropped the hyphen and arrived at the blue logo it touts today.

The Changes in Marketing Campaigns

Walmart's slogan is a result of a dip in sales. The slogan first appeared in television ads, followed by print media replacing the previous slogan, “Always low prices!”

Sam Walton was a man with visionary leadership, and our business is a result of that. Since the first Walmart opened in 1962 in Rogers, Arkansas, we've been dedicated to making a difference in the lives of our customers. Today, we're helping communities save money and live better all over the world.