What is Walmart?
Founded in 1962 by Sam Walmart is currently an international company that operates a chain of hypermarkets, department stores, and grocery stores. Currently, it is the second leading retailer in the world outside China. The business of Walmart is huge, it has increased rapidly after it started its services. Today, Walmart has 10,500 stores and 2.2 million employees in 24 different countries. They sell a variety of items which includes groceries, daily use items, and bank services. Walmart is loved by people of other countries. The product quality is one of the reasons to have such a wide business area of Walmart.
Who owns Walmart?
Walmart has such a wide business that needs proper guidance. Walmart has around 3.117 billion shares, of which around 1.435 billion are owned by the Walmart family. Walmart’s family owns around 47% of the company. In 2015 the family-owned around 50% of the company, which slightly went down. Mutual funds also have a share in Walmart. 20% of the shares are owned by the mutual fund. All other shares are owned by individual investors. These are the owners of Walmart, it is not owned by any single individual. The first owner of Walmart, Sam Walmart has given 20% shares to each of his children, that is the way they handle the business now.
What type of stores does Walmart have?
There are different types of stores available at Walmart. Walmart offers various services to customers, and that is the reason it has different stores. All stores are made for the convenience of people. Stores may be of groceries, daily items, banking, etc. Here are a few of the stores which Walmart offers to people.
Walmart supercenters– Walmart has supercenters or hypermarkets for their customers. Here they offer a specific service to their customer. If you visit these centers, you will receive the grocery items and items of your daily use. These markets or centers are convenient for customers as it gives them a better option for buying quality products.
Walmart discount stores– Walmart discount stores are different from supercenters. On one hand, supercenters offer groceries, but on the other, discount stores do not offer groceries, rather they offer daily merchandise, which is useful for their customers. In the last few years, Walmart started converting its discount stores into supercenters. Currently, there are less than 500 discount stores in the country.
Walmart neighborhood markets– This part of Walmart is quite similar to discount stores. In the neighborhood markets of Walmart, you will receive both groceries and daily merchandise. The company claims that it has more than 200 neighborhood markets in the country. The area of these stores is the same as discount stores. Also, the working hours of all the stores are almost the same.
Walmart express– Walmart express falls in the same category as Walmart neighborhood markets. Currently, there is around 30 Walmart express in the US. The area of these stores is smaller than that of discount stores. The purpose of it is to make merchandise shopping easy. It is more convenient for customers. The working hours of this are almost the same as discount stores.
These are a few of the major stores of Walmart. Also, Walmart’s business has a wide range, it has expanded its area to so many fields. Each field has its specific stores for the convenience of customers. If you want to use its services you must know the exact store where you can buy your products and have a better experience of shopping.
Is Walmart cheap or expensive?
You must be looking at the price tag before buying any product of your use. You only prefer buying an item only if it fits in your budget. You may buy your items from that store where you get them at a lower price than other shops. While shopping at Walmart you will be considering these points. But you should be happy to know that the prices at Walmart are affordable. You can buy products easily with better quality. Don’t think that if you are getting it at a cheaper price, you will receive a damaged product, Walmart does not compromise with quality. Also, you can get discounts on several products, on weekdays when the prices are off on products and other coupons for discount. All these are useful for you in saving money in your pocket. Also, you don’t need to worry about the prices of it, Walmart has different policies from other companies which sell their product at lower prices.
Who are its competitors of Walmart?
Conclusion
Walmart has grown rapidly after its existence. Today, it is one of the best choices for customers for buying groceries and daily merchandise. A company is owned by different other individuals and companies according to the share they have. Walmart has gained the trust of people over the years, that is the reason it is one of the leading retailers in the US. Yet, we suggest you know about their policies in a better way before using its services. This will give you a better experience of shopping.
