Imagine finding a marketplace, where you can get almost anything and everything. Well, you don’t have to imagine anymore, because a place like that already exists in reality itself. From groceries to furniture, almost everything you need can be found under a single roof, thanks to the world’s biggest retail corporation, Walmart.
This American multinational corporation was founded in the year 1962 by Sam Walton and has been serving its customer since then. It also comes under the list of the top 5 largest corporations in the world by sales. Approximately 40% of products in Walmart are produced by contractors and manufacturers for the retail store itself, basically, it is private-labeled.
Walmart has been with its customer as a trusted partner since its beginning and currently has more than 11,000 stores in 27 countries that run under different names. The headquarters is situated in Bentonville, United States, this store sells over 75 million products and largest private company to employ over 2.2 million people.
This retail giant has captured almost all the largest marketplace and has subsidiaries, almost all over the world. This retail giant mostly concentrates on selling quality products at a reasonable price, thus giving cut-throat competition to its competitors.
“There is only one boss, The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”
In this article, we will talk about all the popular subsidiaries that are owned by Walmart. So let’s dive into it.
The child of Walmart itself, Sam’s Club was founded in 1983 by Walmart’s founder, Sam Walton. This member’s only retail warehouse was started to give access to different products and services to those who want to make their small businesses successful.
This warehouse club offers its members good products at a reasonable value. The headquarters is in Bentonville, United States. Over 600 warehouse clubs over the United States and Puerto Rico, give the members an option to buy products in a huge quantity. The current CEO of the club is Kathryn McLay.
The club has been able to win customers by offering some features like free shipping to its plus members. The revenue of Sam’s Club is $64 billion in 2021.
This is a Japanese retails store group consists of supermarkets, department stores, and shopping centers. It was formed in the year 1963 by Seibu Department Stores. It is home to a great collection of fresh food, general merchandise, and clothes and offers them to its customers.
In the year 2002, Walmart bought about 37% of Seiyu. While in 2003, a deal was signed between Seiyu and Walmart that states it will teach global supply chain practices to the former. Walmart became the owner of Seiyu in 2008 after obtaining the majority stake of the company. With its headquarters situated in Tokyo, Japan, the company is headed by Lionel Desclee.
Founded in the year 2014 by Marc Lore, Mike Hanrahan, and Nate Faust, this is an E-commerce retail store, where one can get anything from groceries to beauty products. The headquarters was situated in New Jersey, United States.
In the month of August of 2016, Walmart acquired Jet.com with $3 billion in cash and $3 million in Walmart stocks. It is considered the biggest purchase of an e-commerce site in the history of this industry. Unfortunately, Walmart closed Jet.com in the year 2020.
This online plus-size clothing store designed trending clothes and accessories for plus-size people. Eloquii Design with its headquarters situated in New York, United States was founded in the year 2012 by Jodi Arnold, John Auerbach, Julie Carnevale, and Steve Zawada.
Walmart acquired Eloquii in the year 2018 by paying $100 million in cash. Currently, the CEO of this online clothing store that is the destination of fashion for plus-size people is Mariah Chase.
India’s one of the largest online retail stores was founded in the year 2007 by Binny Bansal and Sachin Bansal. It is situated in Bangalore, India; it is undoubtedly currently one of the biggest online marketplaces that offers 30 million products to its customer in 70 plus categories.
Walmart in 2018 grabbed the opportunity and acquired Flipkart for $16 billion. From 100 orders per day to 10,000 orders per day, it has come a long way, Walmart decision to acquire it is surely one of the greatest deals. The CEO of Flipkart is Kalyan Krishnamurthy and its revenue as of 2020 is Rs 34,610 crore.
The biggest Mexican food and beverage store was founded in the year 1958 as Aurrera. In 2001, Walmart bought Bodega Aurrera, currently, its headquarters is situated in Mexico City, Mexico.
This subsidiary of Walmart is the leading grocery store and has over 2044 plus stores all over the region. As of now, the CEO of Bodega Aurrera is Raul Quintana.
This retail store mostly offers outdoor clothing like sweatshirts, hats, short shoes, and objects required for camping and traveling. Founded in the year 1992 by Robert Wolfe and David Jaffe, this online e-commerce site was acquired by Walmart in the year 2017 for $51 million. From snowboarding to rock climbing, to hiking, every item needed for this adventure can be found in Moosejaw.
With acquiring so many subsidiaries since its founding in 1962, it has become one of the biggest companies in the world and took the spot of Number 1 by revenue. Apart from offline retail stores, it is acquiring the biggest e-commerce stores of different countries to spread its business. Walmart is in the mood of world domination and at this point, it is not going to stop at any moment.
Who owns Walmart?
Walmart is owned and controlled by the Walton family.
What is the revenue of Walmart?
The revenue of Walmart is 55,920 crores USD as of 2021.
Who is the founder of Walmart?
Sam Walton founded Walmart in 1962.