Sam Walton operated a department store after buying a branch of the Ben Franklin stores in 1945. However, it was not until 1969 that Sam Walton incorporated the business calling it Wal-Mart, Inc. Barely a year later, Mr. Walton changed the name to Wal-Mart Stores, Inc. By this time in the business’ timeline, there were 38 stores under the Wal-Mart Stores brand. Rapid growth saw the company going public on the New York Stock Exchange in 1970 where the shares still trade with WMT as the symbol. The company adopted the name Walmart Inc. in 2018.
Today, Walmart is a huge multinational department store operator selling in both retail and wholesale. The company segments its operations into Walmart US, which deals with the US business, Walmart International, which runs international businesses, and Sam’s Club. In addition to brick-and-mortar supermarkets, the company runs an e-commerce platform in both the US and internationally. Walmart has its headquarters in Bentonville, Arkansas.