Walmart inc. is an American multinational business operating a chain of hypermarkets and is headquartered at Bentonville, Arkansas. It was founded way back in 1962 by Sam Walton and was incorporated under Delaware General Corporation laws seven years later. Walmart has ever since grown exponentially and has opened branches in other continents. As of 2022, Walmart operates in more than 27 countries, and its revenue stands at $559.2 billion, the World’s largest! Let’s know about the Companies owned by Walmart.
Walmart started primarily as a small business selling products cheaply to increase its sales volume at a lower profit margin. Though it faced many challenges, it realized enough revenue to establish the first Walmart store, Walton’s Five and Dime, now the Walmart Museum.
Walmart has continued to expand, setting up new stores and unique centers. In addition, it has also acquired some existing businesses and incorporated them into their unit, some still operating under their original names. Walmart has numerous physical and virtual stores. As of 2022, Walmart has about 11,000 stores and clubs in more than 27 countries.
Some of the companies owned by Walmart
Sam’s Club is an American chain of membership-only retail warehouse clubs, founded in 1983 by Walmart founder Walton. Sam’s Club has around 600 membership warehouse clubs in the US. Other small businesses rely on Sam’s Club for cheaper products availed in bulk; however, to transact a business with Sam’s Club, one has to be a member through registration. Each qualifying candidate is provided with a membership card for easy transactions. Some of these clubs operate a specified product line, e.g., Travel goods, tire centers, groceries, and pharmacies.
- ELOQUII
ELOQUII is a plus-sized online retailer dealing with women’s clothing and fashion. Adding to its already attractive clothing shelves and being a participant in the plus-sized clothing market Walmart acquired ELOQUII at about $100 million in 2018
- Moosejaw
Moosejaw is a fashion and active outdoor retailer operating both physically and online. Walmart acquired Moosejaw in 2017 for about $51 million.
- Bonobos
This is a men’s apparel company dealing with fashion and men’s clothing. To add more stuff to its fashion stores, Walmart acquired apparel in 2017 for $310 million.
- Jet.com
Jet.com is an e-commerce website founded by Marc lore. Adding to its existing e-commerce operation, Walmart acquired jet.com for about $3 billion.
- Parcel
The parcel is a technology-based, last-mile delivery service operating a line of both perishable and non-perishable goods. It operates 24/7 and is therefore considered the most reliable delivery service. For that reason, it was seen as the perfect answer to Walmart’s plans to serve its customers around the clock. Walmart, therefore, acquired Parcel in 2017 at an undisclosed price.
- Art.com
Art.com is one of the largest online retailers selling different art and wall decorating items. It was founded in 1988 by Joshua Chodniewicz and Michael Heinstein and is headquartered in Emeryville, California, United States. In 2018, Walmart acquired Art.com for an undisclosed value, with the primary driving force being the fact that this business will strengthen other businesses already operated by Walmart.
E.g., Jet.com. its products also help Walmart to acquire digital brands that are incomparable to any other hence giving Walmart a better edge than that of its competitors.
- Massmart
Massmart holdings limited is an African retail group primarily based in South Africa and deals with general merchandise, liquor, and wholesale food. It is the second largest of such stores serving Sub-Saharan Africa. It owns some brands, including Makro, Builders, Game, and Cambridge foods. Walmart acquired 51% of this firm in June 2011 at about US$2.54 billion following its approval by the South African Competition Commission.
- Aspectiva
This is an Israeli artificial intelligence company. In its quest to get insights into consumer shopping behavior and patterns, Walmart required intelligent digital tools to collect, analyze, interpret, and present this information in an easily understandable way. Aspectiva provides more than just this. Walmart acquired Aspectiva in 2019 at an undisclosed price
Other Walmart companies
Lider, Hayneedle, Amigi, CARHCO,Shoes.com among others
What is Walmart’s net revenue?
Walmart’s revenue stands at US$559.2 billion as of 2020, with higher projections for the future. It has a net income of US$13.70 billion, operating at an income of US$ 22.55 billion, and has total assets worth US$252.5 billion
Who owns Walmart?
The Walton family owns Walmart, taking up the most significant shares (50.85%). Other remarkable shareholders are; The Vanguard group owns 3.32%, State Street Corporation owns 2.37%, Black Rock Fund Advisors owns 0.71%, among many other owners.
How many employees work for Walmart?
Walmart is the World’s largest private employer, with total employees standing at 2.3 million in its branches worldwide as of 2021. Of these, only 1.6 million are from the US.
In conclusion, Walmart has, over the years, expanded within and without the US. It has established new businesses, acquired existing businesses, and incorporated them into its ever-growing wings. As of 2022, Walmart is the largest private business in revenue and employees. It has opened branches in more than 27 countries worldwide. Among these companies are; Sam’s Club, Bonobos, ELOQUII, Jet.com, Art.com, Massmart, Aspectiva, Lider, and Amigi, among many others
