Walmart on Wednesday announced it will change the company’s legal name from Wal-Mart Stores, Inc. to Walmart Inc effective Feb. 1, 2018.
“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,” Doug McMillon, president and CEO at Walmart, wrote in a blog post.
Walmart says each week, over 260 million customers visit its 11,600 stores in 28 countries and eCommerce websites. In October, the retailer revealed it expects its US ecommerce business to grow sales by roughly 40 percent in the upcoming fiscal year.
Walmart has made major investments in its e-commerce strategy as it tries to compete with Amazon, including its $3 billion acquisition last year of Jet.com.
“Our customers know us as Walmart and today they shop with us not only in our stores but online and with our app as well,” McMillon said in a statement. “While our legal name is used in a limited number of places, we felt it was best to have a name that was consistent with the idea that you can shop us however you like as a customer. Looking ahead, we’ll continue to invest in and strengthen our stores around the world and expand our eCommerce capabilities as we help save…