Walmart will finally end years of confusion for customers (and business reporters) by aligning its corporate and retail store names.
Presently, the formal legal name of the global retail entity headquartered in Bentonville, Ark., is Wal-Mart Stores, which was updated from Wal-Mart Inc. when the chain went public in 1970.
Over the years the stores themselves carried both Wal-Mart and Walmart signage, and the company admits to operating under nearly 60 different banners around the world.
But all that will change on Feb. 1, 2018, when the discounter consolidates its nomenclature down to simply Walmart.
The multipurpose moniker reflects the retailer’s new omnichannel nature, explained president/CEO Doug McMillon. “Whether it’s in our stores, on our sites, with our apps, by using their voice or whatever comes next, there is just one Walmart as far as our customers are concerned,” he said. “When they shop with us, they expect it to be an easy and seamless experience.”
There’ll be no change however to the company’s NYSE ticker symbol, which will continue as WMT.