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Walmart is a multinational retail corporation that operates as a chain of hypermarkets, discount department stores, and grocery stores. The company was founded by Samuel Walton in 1962 and has since grown into one of the world's largest retailers.

At its core, Walmart focuses on providing everyday low prices to customers by cutting costs through efficient supply chains and logistics. This business model allows customers to save money on a wide range of products, from groceries and household essentials to clothing, electronics, and home decor.

Walmart is known for its vast product assortment, which caters to diverse customer needs. The store offers a variety of private-label brands, including Great Value, Mainstays, and Ol' Roy, in addition to national and international brands. This allows customers to choose from a broad selection of products without sacrificing quality or affordability.

The company's commitment to convenience is another key aspect of its business model. Walmart stores typically have extended operating hours, allowing customers to shop at times that suit their schedules. Additionally, many locations offer services such as pharmacy, optical, and tire centers, making it a one-stop destination for many consumers.

Walmart's impact on local communities is also significant. The company has implemented various initiatives aimed at improving the lives of its employees and customers. These include programs focused on education, job training, and environmental sustainability.