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Walmart /ËwÉËlmÉrt/ , is an American multinational retail corporation that operates a chain of discount department stores and warehouse stores. Headquartered in Bentonville, Arkansas, United States, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969.almart Discount Stores are discount department stores with sizes varying from 51,000 to 224,000 square feet (4,738.1 to 20,810.3 m 2), with the average store covering about 102,000 square feet (9,476.1 m 2). They carry general merchandise and a selection of groceries.
Walmartâs first Philadelphia store opened on Columbus Boulevard in 1995. That store was recently refurbished. Wal-Mart Stores Inc. (NYSE:WMT), which is based in Bentonville, Ark., has 10,000 retail units in 27 countries.