Wal-Mart to change its legal name to Walmart
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Wal-Mart is all set to change its legal name to Walmart on February 1. It was known as Wal- Mart Inc. when it was incorporated in 1969. Later it was changed to Wal-Mart Stores Inc. the very next year when it went into public.
Is there something in the name? For Wal- Mart Stores Inc., it has got nothing to do with the name. They said it’s not, what’s not in the name that counts. The twist reflects on how customers normally refer to the company and support its objective to serve customers both in physical and online stores.
Now you may ask “why in the first place a change of name? It is due to growing popularity as a retailer who serves customers no matter how they choose to shop,” chief executive officer Doug McMillon said in a blog post on the company’s website.
“I guess all our customers including me refer to our company as Walmart”. He sought the position of the company as an E-Commerce powerhouse and a rival to Amazon.com Inc., by acquiring web retailers like Jet.com and Bonobos, providing a two-day free delivery, and hiring Ivy Leaguers to help run its internet operations. It also plans to team up with Google on voice-activated shopping. This push has paved to online sales hike of at least fifty percent in the US.