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Walmart is a multinational retail corporation that operates as a chain of hypermarkets, discount department stores, and grocery stores. Founded by Sam Walton in 1962, the company has grown into one of the world's largest public corporations, with over 12,000 stores worldwide.

At its core, Walmart's business model revolves around offering a wide range of products at everyday low prices (EDLP). This approach allows customers to save money on their purchases while providing Walmart with economies of scale through massive buying power. The company's focus on efficiency and streamlined operations enables it to pass savings on to consumers without sacrificing quality.

Walmart offers an extensive selection of merchandise, including clothing, home goods, electronics, and groceries. Its stores typically have a vast assortment of products under one roof, making it a convenient shopping destination for many customers. Additionally, Walmart provides services such as pharmacy, optical, and tire centers within its stores, catering to the needs of its diverse customer base.

The company has been at the forefront of e-commerce, investing heavily in online platforms to complement its brick-and-mortar presence. Walmart's acquisition of Jet.com in 2016 marked a significant step in its digital transformation, enabling it to improve its online shopping experience and expand its reach into the e-commerce market.

Walmart has faced criticisms regarding labor practices and community impact, but the company has taken steps to address these concerns. It has introduced initiatives aimed at improving employee benefits, reducing energy consumption, and promoting sustainability across its supply chain.

Today, Walmart continues to evolve as a retail leader, adapting to changing consumer preferences while maintaining its commitment to affordability and convenience.