Advertisement

In the Age of Amazon, Walmart is Changing its Legal Name

Wal-Mart Stores Inc. will change its legal name to Walmart Inc. Wal-Mart Stores Inc. will change its legal name to Walmart Inc.  |  Photo: WDIO-TV

ANNE D'INNOCENZIO AP Retail Writer
December 06, 2017 10:06 AM

NEW YORK (AP) - Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon's increasing dominance,

Advertisement – Content Continues Below

The world's largest retailer, based in Bentonville, Arkansas, said Wednesday it will change its legal name to Walmart Inc. from Wal-Mart Stores Inc.

It said the move underscores its growing emphasis toward online services and mobile shopping. It operates more than 11,600 stores and clubs under 60 different banners worldwide.

The discounter's formal legal name when it incorporated on Oct. 31, 1969 was Wal-Mart Inc. It was changed to Wal-Mart Stores Inc. on Jan. 9, 1970, the same year it went public. It will continue to trade on the NYSE as WMT. It's been using the current Walmart logo in its operations since June 2008.

 


Credits

ANNE D'INNOCENZIO AP Retail Writer

Copyright 2017 The Associated Press. All rights reserved.

Advertisement
Advertisement
Relay Media Amp

Saginaw Man Found Dead Inside Cabin

College of St. Scholastica holds Commencement Ceremony

Authorities: Truck Overturns in Alborn Township

Volunteers Place Hundreds of Wreaths on Veterans' Graves in Spooner

Trump Defends Tax Cuts as Good for Middle Class

Gov. Mark Dayton Defends Agency Probing Police Shooting

Advertisement