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Company OverviewFounded in 1962 by Sam Walton, Walmart Inc. is the world's la...

Company OverviewFounded in 1962 by Sam Walton, Walmart Inc. is the world's largest retailer, with annual sales exceeding $500 billion. The company's growth and success can be attributed to its commitment to customer satisfaction, cost-effective pricing, and a unique culture that encourages innovation and risk-taking.HistoryFrom its humble beginnings as a single store in Arkansas, Walmart has grown to become a global retail powerhouse, operating in 27 countries and territories worldwide. The company's expansion has been swift and strategic, leveraging its brick-and-mortar footprint with e-commerce to create a well-rounded omnichannel experience for customers.Key Milestones1962 - 1990Sam Walton opens the first Walmart store in Rogers, Arkansas. The store succeeds through its commitment to customer service and cost-effective pricing.1991 - 2000Walmart enters the Brazilian market and launches the Sam's Club discount membership brand. The company also ventures into thepharmaceutical and health care industry with the acquisition of Neighborhood Market.2001 - 2010Walmart partners with China's largest retailer, Suning, to create a joint venture in China. The company also partners with Deutsche Post DHL to create a global supply chain management system and launches the Walmart Rewards loyalty program.2011 - PresentWalmart acquires leading e-commerce company Jet.com and transforms its digital strategy. The company also partners with JD.com to further penetrate the Chinese market and opens its first cashier-less store, Walmart Scan & Go, in China. In 2018, Walmart makes a strategic investment in Dada Group, China's largest home-delivery platform, to solidify its foothold in the Chinese market. Additionally, the company ventures into the solar energy industry with its acquisition of majority ownership in solar energy producer SunPower Corporation.Business DivisionsWalmart's business is divided into three segments: Walmart U.S., Walmart International, and Sam's Club.Walmart U.S.Walmart U.S. operations include over 4,700 stores nationwide, offering customers a wide range of products, including groceries, general merchandise, apparel, home furnishings, electronics, and pharmacy services. The segment accounts for the majority of the company's total sales and profits.Walmart InternationalWith operations in 27 countries and territories worldwide, Walmart International encompasses the company's global expansion efforts outside of the United States. Stores operate under various formats, including Supercenter, Hypermarket, Discount Store, Mini-Casino & Department Store, Neighborhood Market, Sam's Club, and e-commerce platforms that are tailored to meet the needs of local customers. Key markets for Walmart International include China, Brazil, Mexico, Japan, and the United Kingdom.Sam's ClubSam's Club is Walmart's membership-based warehouse club division with over 600 clubs operating worldwide. The segment offers members a wide range of value-priced products, including groceries, general merchandise, apparel, home furnishings, electronics, and pharmacy services. Sam's Club also provides members with additional benefits such as member-only discounts and services, as well as a loyalty program that allows customers to earn discounts and reward points on their purchases.Core Values and CultureSince its inception, Walmart has been committed to serving customers by providing high-quality products at cost-effective prices while maintaining a culture of respect, honesty, and fairness. The company's six core values—Service to the Customer, Respect for the Individual, Commitment to Excellence, Loyalty to the Team, No Guilt about Making Money, and Good for the Community—form the foundation of its success and serve as guidelines for employees worldwide. Walmart's culture is underscored by its open-door policy that encourages employee input and fosters a flattened organizational structure that encourages innovation and risk-taking.CSR and SustainabilityWalmart is committed to embedding sustainability throughout its operations and has set ambitious goals to reduce greenhouse gas emissions, waste generation, and water usage while increasing the use of renewable energy sources within its global operations. The company has implemented various sustainable practices across its supply chain, stores, and distribution centers to achieve these goals. Additionally, Walmart partners with suppliers and NGO