|Walmart Inc. is
an American multinational retail corporation that operates a chain
of hypermarkets, discount department stores, and grocery stores.
Headquartered in Bentonville, Arkansas, the company was founded by
Sam Walton in 1962 and incorporated on October 31, 1969. It also
owns and operates Sam's Club retail warehouses. As of January 31,
2019, Walmart has 11,348 stores and clubs in 27 countries, operating
under 55 different names. The company operates under the name
Walmart in the United States and Canada, as Walmart de México y
Centroamérica in Mexico and Central America, as Asda in the United
Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It
has wholly owned operations in Argentina, Chile, Canada, and South
Africa. Since August 2018, Walmart only holds a minority stake in
Walmart Brasil, with 20% of the company's shares, and private equity
firm Advent International holding 80% ownership of the company.