Walmart is one of the world’s biggest retail giants while the company is publicly traded meaning anyone can buy shares. However, the Walton family is the majority shareholder.
Walmart owns a lot of companies including retail stores, pharmacies, gas stations, and more. This article covers details of different brands and companies owned by Walmart and other details.
Who Owns Walmart?
The Walton Family owns Walmart by holding more than 50% of Walmart’s stock.
Walmart is known as one of the largest retailers in the world. It was founded back in 1962 by Sam Walton.
It started as a single store in Arkansas but quickly grew into the mega-corporation we know today.
In its early days, Walmart stood out for its innovative practices, such as using computers to track inventory and offering employees profit-sharing plans.
Today, Walmart has over 11,000 stores worldwide and continues to be a major player in the world of retail.
What Companies Does Walmart Own?
Companies owned by Walmart are listed and explained below:
Brand/Company | Type | Acquisition/Founding Year | Notes |
---|---|---|---|
Sam’s Club | Membership Warehouse Club | 1983 (Founded) | Walmart’s wholesale division. |
Jet.com | E-commerce Platform | 2016 (Acquired) | Acquired for $3.3 billion to boost Walmart’s online presence. |
Moosejaw | Outdoor Apparel Retailer | 2017 (Acquired) | Focused on outdoor gear and adventure clothing. |
Bonobos | Premium Menswear Brand | 2017 (Acquired) | Acquired for $310 million to target the premium fashion market. |
ModCloth | Women’s Fashion Brand | 2017 (Acquired) | Vintage-inspired clothing; sold in 2019. |
Hayneedle | Online Furniture Retailer | 2016 (Acquired) | Specializes in home decor and furniture. |
Shoes.com | Online Footwear Retailer | 2017 (Acquired) | Shut down after acquisition but provided e-commerce insights. |
Vudu | Digital Streaming Service | 2010 (Acquired) | Sold to Fandango in 2020 but retained a minority stake. |
Great Value | Private-Label Grocery Brand | 1993 (Launched) | Walmart’s in-house brand for affordable groceries and household items. |
Equate | Private-Label Health Brand | 1975 (Launched) | Offers affordable health and wellness products. |
Parent’s Choice | Private-Label Baby Products | 1998 (Launched) | Budget-friendly baby food, diapers, and accessories. |
Ol’ Roy | Private-Label Pet Food Brand | 1983 (Launched) | Named after Sam Walton’s dog; one of the top-selling pet food brands. |
Allswell | Direct-to-Consumer Mattress Brand | 2018 (Launched) | Competes with Casper and Purple in the mattress market. |
Eloquii | Plus-Size Women’s Fashion | 2018 (Acquired) | Focused on trendy, inclusive designs for plus-size women. |
Bare Necessities | Lingerie and Swimwear Retailer | 2018 (Acquired) | Specializes in intimate apparel and shapewear. |
Art.com | Online Art and Home Decor Retailer | 2018 (Acquired) | Offers wall art and home decor products. |
Flipkart | Indian E-commerce Platform | 2018 (Acquired) | Acquired a 77% stake for $16 billion to enter the Indian market. |
Massmart | South African Retail Group | 2011 (Acquired) | Operates chains like Game and Makro in Africa. |
Seiyu | Japanese Supermarket Chain | 2008 (Acquired) | Walmart sold a majority stake in 2020 but retains a minority share. |
Cornershop | Online Grocery Delivery Service | 2020 (Acquired) | Focused on Latin America and Canada; enhances Walmart’s delivery capabilities. |
Parcel | Last-Mile Delivery Service | 2017 (Acquired) | Acquired to improve Walmart’s e-commerce delivery logistics. |
ShoeBuy | Online Footwear Retailer | 2017 (Acquired) | Merged with Walmart’s e-commerce operations. |
Lord & Taylor | Department Store (Partnership) | 2020 (Partnership) | Walmart partnered to sell Lord & Taylor products on its website. |
ThredUp | Online Secondhand Clothing Retailer | 2021 (Partnership) | Partnered to offer secondhand fashion on Walmart’s website. |
Zebit | Buy-Now-Pay-Later Platform | 2021 (Partnership) | Partnered to offer flexible payment options for Walmart customers. |
Sodastream | At-Home Beverage Brand | 2021 (Partnership) | Partnered to sell Sodastream products in Walmart stores. |
Home Depot | Home Improvement Retailer | N/A (Rumored Interest) | Walmart has explored partnerships but no acquisition has occurred. |
TikTok | Social Media Platform | 2020 (Partnership Attempt) | Walmart attempted to partner with Oracle to acquire TikTok’s U.S. operations. |
1. Sam’s Club
Sam’s Club is a membership-only warehouse club chain founded by Walmart in 1983. It offers bulk products at discounted prices, catering primarily to small businesses and individual shoppers. With over 600 locations in the U.S., Sam’s Club is a key player in the wholesale retail space.
2. Jet.com
Walmart acquired Jet.com in 2016 for $3.3 billion to bolster its e-commerce presence and compete with Amazon. Although Walmart has since scaled back Jet.com’s operations, the acquisition helped Walmart strengthen its online marketplace and logistics capabilities.
3. Moosejaw
Moosejaw is an outdoor apparel and gear retailer that Walmart acquired in 2017. Known for its quirky marketing and wide selection of outdoor products, Moosejaw has helped Walmart tap into the lucrative outdoor recreation market.
4. Bonobos
Walmart purchased Bonobos, a premium menswear brand, in 2017 for $310 million. Bonobos is known for its high-quality clothing and innovative “Guideshop” retail model, which allows customers to try on clothes before ordering them online.
5. ModCloth
ModCloth, a vintage-inspired women’s clothing brand, was acquired by Walmart in 2017. Although Walmart later sold ModCloth in 2019, the acquisition highlighted Walmart’s efforts to appeal to younger, fashion-conscious consumers.
6. Hayneedle
Hayneedle is an online furniture and home decor retailer that Walmart acquired in 2016. The brand specializes in a wide range of home goods, from furniture to outdoor equipment, and has expanded Walmart’s reach in the home improvement market.
7. Shoes.com
Walmart acquired Shoes.com in 2017 as part of its strategy to dominate the online footwear market. Although the brand was later shut down, the acquisition provided Walmart with valuable insights into the e-commerce landscape.
8. Vudu
Vudu is a digital streaming service that Walmart acquired in 2010. Known for its vast library of movies and TV shows, Vudu has allowed Walmart to compete in the digital entertainment space. In 2020, Walmart sold Vudu to Fandango but retained a minority stake.
9. Great Value
Great Value is Walmart’s private-label brand, offering a wide range of grocery and household products at affordable prices. The brand is a staple in Walmart stores and has become synonymous with value and quality.
10. Equate
Equate is Walmart’s private-label health and wellness brand, offering products like vitamins, supplements, and over-the-counter medications. It provides affordable alternatives to name-brand health products.
11. Parent’s Choice
Parent’s Choice is Walmart’s private-label brand for baby products, including diapers, formula, and baby food. The brand is designed to offer budget-friendly options for families.
12. Ol’ Roy
Ol’ Roy is Walmart’s private-label pet food brand, named after Walmart founder Sam Walton’s dog. It offers affordable dog and cat food options and is one of the best-selling pet food brands in the U.S.
13. Allswell
Allswell is a direct-to-consumer mattress and bedding brand launched by Walmart in 2018. The brand aims to provide high-quality sleep products at competitive prices, competing with brands like Casper and Purple.
14. Eloquii
Eloquii is a plus-size women’s fashion brand that Walmart acquired in 2018. Known for its trendy and inclusive designs, Eloquii has helped Walmart cater to a diverse and underserved market.
15. Bare Necessities
Bare Necessities is an online retailer specializing in lingerie, swimwear, and shapewear. Walmart acquired the brand in 2018 to expand its presence in the intimate apparel market.
16. Art.com
Art.com is an online retailer of wall art and home decor. Walmart acquired the brand in 2018 to strengthen its home goods offerings and compete with other online retailers like Wayfair.
17. Flipkart
Flipkart is one of India’s largest e-commerce platforms, which Walmart acquired a majority stake in for $16 billion in 2018. The acquisition marked Walmart’s entry into the rapidly growing Indian market.
18. Massmart
Massmart is a South African retail group that Walmart acquired in 2011. The company operates several chains, including Game and Makro, and has helped Walmart establish a foothold in the African market.
19. Seiyu
Seiyu is a Japanese supermarket chain that Walmart acquired in 2008. Although Walmart sold a majority stake in Seiyu in 2020, the acquisition allowed Walmart to gain valuable experience in the Asian retail market.
20. Cornershop
Cornershop is an online grocery delivery service operating in Latin America and Canada. Walmart acquired a majority stake in the company in 2020 to enhance its grocery delivery capabilities and compete with services like Instacart.
Additional Notes on Missing Brands/Companies
- Parcel: A last-mile delivery service acquired in 2017 to improve Walmart’s e-commerce delivery capabilities.
- ShoeBuy: An online footwear retailer acquired in 2017 and integrated into Walmart’s e-commerce operations.
- Lord & Taylor: Walmart partnered with this department store in 2020 to sell its products online.
- ThredUp: A partnership in 2021 to offer secondhand clothing on Walmart’s website.
- Zebit: A buy-now-pay-later platform partnered with Walmart in 2021.
- Sodastream: A partnership to sell at-home beverage products in Walmart stores.
When Was Walmart Founded?
Walmart was founded in 1962 by Sam Walton with its first store in Rogers, Arkansas.
Today, as one of the largest retail companies in the world, Walmart has an enormous influence on global markets.
Walmart has over 11,000 stores across 27 countries, it’s safe to say that Walmart has become a staple of modern retail.
Who is the CEO of Walmart?
The current CEO of Walmart is Doug McMillon, a man who has been with the company for over three decades.
McMillon got his start as an hourly associate in a Walmart distribution center and worked his way up through the ranks.
Now, 30 years later, he holds one of the most powerful positions in the retail industry and oversees a company with over 2.2 million employees.
Despite his impressive career trajectory, McMillan remains grounded and committed to the values that have made Walmart a household name.
What is the Net Worth of Walmart?
Walmart’s net worth is a staggering $426 billion as of August 2023 making it one of the most valuable companies on the planet.
The company’s success can be attributed to its commitment to providing affordable products to customers, and it continues to dominate the retail space, with no signs of slowing down anytime soon.
Despite facing many challenges over the years, Walmart has continued to thrive and grow, solidifying its place as a true retail powerhouse.
Where is the Headquarters of Walmart?
Walmart has its headquarters in Bentonville, Arkansas.
This small city in the southern United States may not be a household name, but it’s the hub of Walmart’s operations.
Here you’ll find the company’s main offices, as well as a sprawling campus that includes a museum dedicated to Walmart’s history, a fitness center, and even a childcare facility for employees.
Despite its global reach, Walmart remains deeply rooted in its Arkansas heritage, and Bentonville is a key part of that legacy.
What is the Annual Revenue of Walmart?
Walmart’s annual revenue in April 2023 for the last 12 months was $611.28 billion.
Walmart has an extensive network of stores and a strong online presence. It has been able to carve out a dominant position in the market.
It is fair to say that Walmart’s revenue is a testament to the quality of its products, services, and overall shopping experience.
How Many Employees Does Walmart Have?
Walmart now has over 2.2 million employees worldwide making it the largest private employer in the world.
With companies such as Asda and Sam’s Clubs under its umbrella, Walmart certainly paints a picture of success and continued growth for years to come.
The subsidiaries of Walmart are proving to play a critical role in the company’s mission to provide quality goods and services for reasonable prices on a global scale.
Its commitment to sustainability has helped drive costs down while furthering dedication to our environment.
FAQs
What is Special About Walmart?
Walmart stands out for its innovative practices such as using computers to track inventory and offering employees profit-sharing plans.
What are 5 Facts About Walmart?
1. Walmart was founded in 1962 by Sam Walton.
2. Walmart now operates over 11,000 stores worldwide.
3. Walmart is the largest private employer in the world, with a total of 2.2 million employees.
4. In 2020, Walmart reported an annual revenue of $559.15 billion.
5. The Walton family owns over 50% of Walmart’s stock, making them some of the wealthiest individuals in the world.
Why is it Called Walmart?
Walmart is named after the company’s founder, Sam Walton.
What is Walmart’s Main Goal?
Walmart’s main goal is to provide customers with quality products and services at an affordable price.
What is Walmart’s Slogan?
Walmart’s slogan is “Save money. Live better.”
What is the Full Name of Walmart?
Walmart’s full name is Walmart Incorporated.
What is Walmart’s Culture?
Walmart’s culture is based on its founder Sam Walton’s vision of a “people-first” business model.
What is Walmart’s Brand Called?
Walmart’s brand is called “Everyday Low Prices.”
What is the Biggest Walmart in the Country?
The biggest Walmart in the United States is located in Albany, New York.
Why are Walmart’s Different Colors?
Walmart’s blue represents trust, loyalty, and strength while the yellow symbolizes happiness and warmth.
Why is Walmart Changing Its Name?
Walmart is not changing its name.