Walmart Inc. has three retail divisions: Walmart Supercenters, Walmart discount stores, and Walmart neighborhood markets. The Walmart discount stores are simply referred to as Walmart. Founded by Sam and James Walton in 1962, Walmart Inc. is the world’s largest company when measured in terms of revenue. As the Supercenters are becoming increasingly popular, the discount stores have steadily dropped in number, and only 365 stores were present in October 2022. Most discount stores have been closed or converted into Supercenters.
Walmart (brand name) refers to the discount department stores that sell general merchandise and limited groceries. These stores were what the Walton family originally envisioned; however, their Supercenters emerged as a more popular alternative.