So, after a detailed review of Amazon, a dive down eBay’s super deals, and a walk through Craigslist’s shady alleys… we’re back with yet another retail review on: what is Walmart?
Now, Wally’s wonderland definitely has a lot going on. And, if you want to be a part of the retail money-making business, Walmart is a HUGE part of it. In other words, although you can make it as a reseller from other retailers, Walmart offers greater opportunities. And so, learning all you can about the titan retailer is the best course of action!
Keep reading to find out more about what Walmart is and how it operates. And, how YOU can start copping and making money from Wally! Also, if you’d like to learn more about joining the retail industry, become a member of our FREE hub! It has everything you need to know about becoming a retail reseller, making money online, and more. Click on the button below to check it out now!
WHAT IS WALMART?
What is Walmart? Question of the hour! So, in brief, Walmart is an American multinational retail corporation operating a chain of hypermarkets or supercenters. They’ve got 10,585 stores and clubs in 24 countries, operating under 46 different names. That’s a whole lotta Wallies…
According to Fortune 500, Walmart ranks first for the 10th year in a row for the largest company by revenue. And, apparently, it brings in more than $570 BILLION in revenue as of May 2022. Plus, it is the largest private employer IN THE WORLD with over 2.3 million employees! The corporation operates in so many markets in different countries that include:
Africa- Canada
- Central America
- Chile
- China
- India
- Mexico
AfricaWhat is Walmart’s motto?
“Every Day Low Prices on a Broad Assortment – Anytime, Anywhere”
Also, another thing you might not know about the whole What is Walmart situation is that they own Sam’s Club. This is a corporation that helps small businesses save money and focuses on selling products wholesale. Bulk buying is something we REALLY love to do… in a different way though. *wink wink! In total, Walmart has 600 clubs in the U.S. and more than 200 international clubs.
A History
THE 60s
But, what about history? What is Walmart’s founding history and how did it all start? It’s good to learn how a corporation as huge as this had its breakthrough beginning! Or, as the About Page on the Walmart website likes to call it: their humble beginnings.
“From humble beginnings. To redefining retail.”
Honestly, when you’re making over $570 Billion dollars a year, anything else seems too humble in comparison. But, regardless, Walmart did start out relatively small.
It was founded in 1962 in Rogers, Arkansas by Sam Walton under the name Wal-Mart. Within its first decade, Walmart owned 24 stores with over $12.7 million in sales.
Note: $12.7 million in the 1960s would be the equivalent of $127.3 million in 2022… Yep, pretty humble beginnings!
THE 70s
But now, we’re in the 70s! What is Walmart doing at this time, you ask? During this time, Walmart really ups the game by becoming a publicly traded company. They sold their first stock for $16.50 per share! Walmart also developed new retail formats like opening their first pharmacy, distribution center, and Home Office and establishing their Walmart Foundation.
THE 80s
THE 80sAnother decade goes by, and at this point, the question of what is Walmart was an international thing. Everyone was talking about the yellow sun logo and how much of a retail strength it was. During the 80s, Walmart opened the first Sam’s Club, the first supercenter, and the Walton Family foundation. This was a huge time of development for the firm with annual sales reaching $1 billion!
THE 90s
When you’re a sneakerhead who is also a retail enthusiast, you know that the 90s was the best era! We had the best 90s sneakers, and we had the greatest retail industry developments! So, what is Walmart’s greatest achievement of that decade? Well, it became the nation’s No. 1 retailer! This is also the time when Walmart expanded into other markets including Canada, China, and the United Kingdom.
THE 2000s
Finally, we reach the 2000s when Walmart enters a new millennium of retail shopping. In 2002, Walmart topped the Fortune 500 list of America’s largest companies for the first time. A lot of changes happened during this time including expanding into other markets, creating their website, moving more towards sustainability, and legally rebranding into Walmart!
THE PRESENT
But, what is Walmart doing now in 2022? Well, they’ve just celebrated their 60th anniversary in the retail industry! That’s 60 years of development and growth with more to come! And, after the pandemic, the focus on the online shopping experience has grown exponentially. This also made Walmart a target for the best retail bots in the world! The race to enter the retail industry as a reseller and make money was more competitive than EVER!
This is mainly because Walmart has all of the most highly coveted products that make money online. From limited-edition graphics cards to super-hyped gaming consoles.
In other words, things that people can’t buy without a shopping bot anymore! And, after learning about the long history of Wally, it’s pretty clear that there’s MONEY there! So, make sure you be a part of it too with the help of a Walmart bot. Click here to find out more!