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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 Moore "Sam" Walton in 1962. Initially, it started as a small variety store called Wal-Mart Discount City in Rogers, Arkansas.

As the business expanded, Walmart began to shift its focus towards discount retailing, offering a wide range of products at affordable prices. This strategy helped the company to attract customers and expand its market share.

Walmart has grown significantly over the years, both through organic growth and strategic acquisitions. Today, it is one of the world's largest retailers in terms of revenue, with thousands of stores across the globe.

The retailer operates under various formats, including Walmart Supercenters, which offer a full range of products, as well as Walmart Discount Stores that focus on general merchandise.