Walmart drops “stores” from its formal name

Wal-Mart Stores, Inc. is set to become simply Walmart. The change, which will officially take place beginning in February, is part of a years-long effort by the world’s largest retailer to get customers to think beyond its 11,600 stores. Walmart, based in Bentonville, Ark., was incorporated as Wal-Mart, Inc., in 1969. The following year, it went public and changed its name to Wal-Mart Stores. Today, the company operates businesses under nearly 60 banners, including Massmart in Africa, Asda in the United Kingdom and Seiyu in Japan.

The “Wal” in Walmart comes from the name of the founder, Sam Walton. On July 2, 1962, Walton opened the first Walmart Discount City store at 719 W. Walnut Street in Rogers, Arkansas. To find out more about the name change, click through to read the article at the Washington Post!