Walmart is not just a household name in the United States—it’s a global retail powerhouse that has revolutionized the shopping experience. From its humble beginnings in Arkansas to its current position as a Fortune 1 company, Walmart continues to lead the industry through low prices, vast inventory, and evolving digital solutions.
In this guide, we’ll explore everything you need to know about Walmart, including its history, services, online shopping options, and how it remains competitive in the ever-changing retail landscape.
What Is Walmart?
Walmart Inc. is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Known for its slogan, “Save Money. Live Better,” Walmart has built a reputation for offering everyday low prices on a wide range of products—from groceries and clothing to electronics and home goods.
History and Background
Walmart was founded by Sam Walton in 1962 with the goal of offering low prices and great value. The first store opened in Rogers, Arkansas, and by 1967, Walmart had expanded to 24 stores across the state. Today, Walmart operates:
- Over 10,500 stores worldwide
- In 24 countries
- Under 48 different banners
Walmart went public in 1970 and has since grown to become the world’s largest retailer by revenue, employing over 2.1 million associates globally.
Walmart’s Business Model
Walmart’s success can be attributed to its highly efficient supply chain, bulk purchasing power, and ability to offer competitive pricing. Its core strategies include:
- Everyday Low Prices (EDLP): Walmart commits to keeping prices consistently low rather than relying on frequent promotions.
- Efficient Logistics: Walmart invests heavily in technology and data analytics to optimize inventory and distribution.
- Omnichannel Retailing: Combining brick-and-mortar stores with robust online platforms for a seamless shopping experience.
Top Services and Features
Walmart continues to innovate with a wide range of services, including:
1. Grocery Pickup and Delivery
- Order online and pick up your groceries curbside for free.
- Delivery is available in most major cities, often within hours.
2. Pharmacy and Health Services
- Low-cost prescriptions and walk-in clinics for affordable healthcare.
3. Walmart Money Services
- Offers check cashing, money transfers, bill payments, and prepaid cards.
4. Auto Care Centers
- Tire services, oil changes, and other automotive maintenance options.
Walmart Online Shopping & App
The Walmart app and website have made online shopping easy, fast, and efficient. Key features include:
- Real-time inventory updates
- Barcode scanner for price comparison
- Mobile ordering and digital coupons
- Access to Walmart Marketplace sellers
Walmart.com now offers over 160 million items, making it a serious competitor to Amazon in terms of product variety.
Walmart Plus Membership
Launched in 2020, Walmart+ is the company’s answer to Amazon Prime. For $98/year (or $12.95/month), members get:
- Free unlimited grocery delivery
- Free shipping with no order minimum
- Discounts on gas at select stations
- Mobile scan & go in-store for faster checkout
Walmart+ is ideal for frequent Walmart shoppers looking to save time and money.
Walmart vs Amazon: A Retail Showdown
While Amazon dominates in eCommerce, Walmart leads in physical retail. Here’s how they compare:
| Feature | Walmart | Amazon |
|---|---|---|
| Physical Stores | 4,600+ in the U.S. | None |
| Grocery Services | Yes (pickup & delivery) | Limited (Amazon Fresh) |
| Subscription Plan | Walmart+ ($98/year) | Amazon Prime ($139/year) |
| Online Marketplace | Walmart Marketplace | Amazon Marketplace |
| Product Inventory | 160+ million items | Over 350 million |
Walmart continues to gain ground by blending physical and digital shopping experiences.
Sustainability and Corporate Responsibility
Walmart is committed to becoming a regenerative company, meaning it aims to restore and renew resources through:
- Zero waste initiatives
- Renewable energy adoption
- Sustainable product sourcing
- Social equity and workforce development
By 2040, Walmart aims to reach zero emissions across its global operations.
Frequently Asked Questions
Is Walmart cheaper than other retailers?
Yes. Walmart’s EDLP model often results in lower prices than competitors like Target, Amazon, and Kroger.
Does Walmart price match?
Walmart does not currently offer price matching on in-store items, but online prices are competitive.
Is Walmart a good place to work?
Walmart offers growth opportunities, employee benefits, and training programs. However, experiences can vary by location.
Can you return online items to a store?
Yes. Most online purchases can be returned to any Walmart location or by mail.
Conclusion
Walmart remains a dominant force in global retail due to its massive scale, customer-first approach, and ability to innovate. Whether you’re shopping in-store, online, or through the app, Walmart delivers value, convenience, and a broad selection that caters to virtually every need.
As Walmart continues to expand its digital presence and sustainability efforts, it’s clear that this retail giant is evolving to meet the needs of today’s—and tomorrow’s—shoppers.
