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Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas. The company was founded by brothers Sam and James "Bud" 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.
Samuel Moore Walton was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas and Midwest City, Oklahoma in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the biggest private employer in the world. For a period of time, Walton was the richest person in the United States. His family has remained the richest family in the U.S. for several consecutive years, with a net worth of around US$240.6 billion as of January 2022. In 1992 at the age of 74, Walton died of blood cancer and was laid to rest at the Bentonville Cemetery in his longtime home of Bentonville, Arkansas.
Sam's West, Inc. is an American chain of membership-only warehouse club retail stores owned and operated by Walmart Inc., founded in 1983 and named after Walmart founder Sam Walton as Sam's Wholesale Club. As of January 31, 2019, Sam's Club ranks second in sales volume among warehouse clubs with $84.3 billion in sales, behind its main rival Costco Wholesale.
Helen Robson Walton (December 3, 1919 – April 19, 2007) was an American philanthropist and prominent arts advocate, dedicated to her community in Bentonville, Arkansas where she instituted a committee for a national museum of arts. After 31 years of activity, the Arkansas Committee on the National Museum for Women in the Arts is the longest standing committee in the state. She was also the wife of Walmart and Sam's Club founder Sam Walton. At one point in her life, she was the richest American and the eleventh-richest woman in the world.
Samuel Robson "Rob" Walton is an American billionaire heir to the fortune of Walmart, the world's largest retailer. He is the eldest son of Helen Walton and Sam Walton, and was chairman of Walmart from 1992 to 2015. As of November 2023, Walton had an estimated net worth of US$72 billion, making him the 16th richest person in the world. He is also the principal owner of the Denver Broncos.
Alice Louise Walton is an American heiress to the fortune of Walmart as daughter of founder Sam Walton. In September 2016, she owned over $11 billion in Walmart shares. As of November 2023, Walton has a net worth of $71 billion, making her the 17th richest person and the second-richest woman in the world according to Bloomberg Billionaires Index, after Françoise Bettencourt Meyers.
James Carr Walton is an American businessman, currently an heir to the fortune of Walmart, the world's largest retailer. As of November 2023, Walton was the 15th-richest person in the world, with a net worth of US$73 billion according to Bloomberg Billionaires Index. He is the youngest son of Sam Walton.
John Thomas Walton was an American war veteran and a son of Walmart founder Sam Walton. He was also the chairman of True North Venture Partners, a venture capital firm. Walton cofounded the Children's Scholarship Fund, providing tuition scholarships for disadvantaged youth.
The American multinational retail chain Walmart has been criticized by many groups and individuals, such as labor unions and small-town advocates, for its policies and business practices, and their effects. Criticisms include charges of racial and gender discrimination, foreign product sourcing, anti-competitive practices, treatment of product suppliers, environmental practices, the use of public subsidies, and its surveillance of its employees. The company has denied any wrongdoing and said that low prices are the result of efficiency.
Sol Price was an American retailer and the founder of FedMart, Price Club and PriceSmart. He was considered the "father" of the "warehouse store" retail model.
Christy Ruth Walton is the widow of John T. Walton, one of the sons of Sam Walton, the founder of Walmart.
B. Kevin Turner is an American businessman and investor who is the chairman of Zayo Group and the vice chairman of Albertsons/Safeway Inc.
Thomas Martin Coughlin was an American businessman who served as vice chairman of Wal-Mart Stores, Inc. and confidant of founder Sam Walton.
James Lawrence "Bud" Walton was the brother of Sam Walton and executive of Walmart.
Walmarting or Walmartization is a neologism referring to U.S. discount department store Walmart with three meanings. The first use is similar to the concept of globalization and is used pejoratively by critics and neutrally by businesses seeking to emulate Walmart's success. The second, pejorative, use refers to the homogenization of the retail sector because of those practices. The third, neutral, use refers to the act of actually shopping at Walmart.
The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. The Walmart chain proper was founded in 1962 with a single store in Rogers, expanding inside Oklahoma by 1968 and throughout the rest of the Southern United States by the 1980s, ultimately operating a store in every state of the United States, plus its first stores in Canada, by 1995. The expansion was largely fueled by new store construction, although the chains Mohr-Value and Kuhn's Big K were also acquired.
John Francis Geisse was an American businessman. He founded three successful retail chains: Target Discount Stores, Venture Stores, and The Wholesale Club.
Walton is a toponymic surname or placename of Anglo-Saxon origins. It derives from a place with the suffix tun and one of the prefixes wald, walesc ('foreigner') or walh. First recorded as a surname in Oxfordshire in the person of Odo de Wolton on the Hundred Rolls in 1273. People with the name include:
Carl Douglas McMillon is an American businessman, and the president and chief executive officer (CEO) of Walmart Inc. He sits on the retailer's board of directors. Having first joined the company as a summer associate in high school, he became the company's fifth CEO in 2014. He previously led the company's Sam's Club division, from 2005 to 2009, and Walmart International, from 2009 to 2013.
Gregory Boyd Penner is an American businessman who is the chairman of Walmart and co-owner and CEO of the Denver Broncos of the National Football League (NFL). He is the son-in-law of S. Robson Walton and the grandson-in-law of Sam Walton, the founder of Walmart.
