Heres the Top 5 Companies Owned by Walmart 5/5 (1)

walmart company

Walmart has 11,700 stores around the United States.

Heres the Top 5 Companies Owned by Walmart (WMT). Walmart Inc. (WMT), is the world’s largest brick-and-mortar retailer. In fiscal 2018, the company reported nearly $500.3 billion in revenue from operations in 28 countries and e-commerce websites. As of 2018, Walmart has 11,700 store locations.

The majority of Walmart stores operate under the name Walmart, including large format Walmart Supercenters and Walmart Neighborhood markets with small formats. Walmart also operates stores under domestic and international subsidiaries described below. Let’s look deeper into some of Walmart’s main subsidiaries and what they contributed to the brand.

1. Sam’s West, Inc.

Sam’s West, Inc., a wholly owned subsidiary of Walmart, operates a network of Sam’s Club membership storehouses. It is one of the largest membership warehouse operators in the United States behind Costco Wholesale Corporation. As of January 2018, Sam’s West has 597 Sam Club locations in 44 US states. Sam’s West also operates their store business in Mexico, Brazil and China, and e-commerce websites in the United States and Mexico.

Walmart reported $59 billion in net sales from Sam’s Club during fiscal year 2018. Walmart did not report separate operating results for international operations of its subsidiaries. Apart from certain periods of promotion and local exemptions, shopping at Sam’s Club’s location requires Sam’s Club membership. As of May 2018, Sam’s Club’s annual membership is available in the United States with two price levels: $45 and $100. Walmart reported global membership revenues of nearly $4.6 billion in fiscal 2018, an increase of more than 0.6% over the previous year.

2. Walmart de México, S.A.B. de C.V.

Walmart de México, S.A.B. de C.V. operate Walmart businesses in Mexico and Central America. The predecessor company Walmart de México was founded in 1952 under the name Cifra. Walmart entered into a joint venture with Cifra which was traded openly in 1991 to open a Walmart branded store in Mexico. In 1997, Walmart acquired a majority stake in Cifra itself, with the remaining shares of the company remaining on the Mexican Stock Exchange. Walmart Inc. also reported a 70% controlling stake in Wal-Mart de Mexico, at the end of fiscal year 2015.

Walmart de Mexico operates 2358 store locations in Mexico and 731 other locations in five countries in Central America. Apart from Walmart and Sam’s Club shops, Walmart de Mexico also operates several supermarkets under the Bodega Aurrera and Superama brands, and clothing stores under the Suburbia brand. Walmart de Mexico reported revenues of nearly 573 billion Mexican pesos in 2017.

See also:   What Makes Walmart Become America's Number One Company?

3. ASDA Stores, Ltd.

ASDA Stores, Ltd., is a retailer based in the UK. It has operated as a wholly owned subsidiary of Walmart since 1999. In 2017, ASDA has 525 store locations throughout the United Kingdom. The airline operates a grocery store and general merchandise store, as well as a large format superstore that sells food and general merchandise.

While ASDA stores carry products from various brands, ASDA’s private label products make up the majority of their inventory. ASDA produces thousands of packaged food products and household products for sale in its stores. It sells clothing under the George brand, household appliances under the Elegant Living brand and children’s products under the brand of Little Angels. It also operates the financial services division, ASDA Money. Wal-Mart does not report the results of separate operations for its ASDA Shop business.

4. Jet.com

In 2016, Walmart acquired Jet.com, one of the fastest growing US e-commerce companies with $3 billion in cash, trying to compete with Amazon for a larger share in the e-commerce market. Jet.com’s acquisition of Walmart was the second largest e-commerce acquisition in US history, after Chewy’s acquisition in 2017 of $3.35 billion PetSmart.

5. FlipKart

On May 9, 2018, Walmart agreed to pay $16 billion for 77% controlling stake in India’s leading Internet retailer, FlipKart. Walmart beat Amazon for FlipKart, making its way into an operating outlet in one of the fastest growing countries in the world. Walmart is limited by local regulations from the previous wholesale store in India. The deal was accidentally confirmed by Softbank CEO Masayoshi Son, a few hours before the official announcement, during an investor call. Softbank is the largest investor in Bengaluru online retailers, which owns 20% of the company’s shares. https://bit.ly/2Ij9Uvf

Sharing is caring!

How helpful was this article for you?

0 1 2 3 4 5

shares