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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, Walmart has grown to become one of the world's largest retailers, with operations in over 27 countries.

At its core, Walmart offers customers an affordable shopping experience with a vast selection of products at everyday low prices. The store's business model is centered around offering quality goods at discounted prices, making it a go-to destination for budget-conscious consumers. Its wide range of products includes groceries, electronics, clothing, home appliances, and much more.

Walmart's store format is designed to provide an efficient shopping experience, with features such as self-checkout lanes, automated inventory management systems, and online shopping options through its website or mobile app. This allows customers to shop at their convenience, either in-store or from the comfort of their own homes.

One of the unique aspects of Walmart's business model is its commitment to private label brands. The company offers a range of store-brand products, including Great Value (groceries), Mainstays (home goods), and George (apparel). These brands offer quality products at significantly lower prices than name-brand equivalents, making them a popular choice among price-conscious shoppers.

Walmart's impact on the retail industry cannot be overstated. The company has disrupted traditional business models through its emphasis on efficiency, low costs, and customer convenience. Its influence extends beyond the retail sector, with Walmart being one of the largest private employers in the world, providing jobs to millions of people globally.

Overall, Walmart is a retail powerhouse that has revolutionized the way consumers shop for everyday essentials. With its focus on affordability, convenience, and quality products, it remains one of the most popular shopping destinations worldwide.