You’ve been shopping at Walmart regularly for years but for whatever reason never got acquainted with its history or the actual extent of its success? Then this is just the place to quench your thirst for some of the most absorbing Canadian Walmart statistics and facts, as well as data about the retailer’s global standing.
Seeing how popular the brand is, we decided to compile a list of info that any avid shopper would be interested to learn. In the following article, you’ll find out about its finances, history, stores, employees, and customers. Let’s begin!
Top 10 Walmart Facts and Stats
- The first Wal-Mart Stores, Inc. stock shares were sold at US$16.50 a piece.
- Walmart is the number-one retail company in the world.
- The Waltons—the family that owns Walmart—is the richest family in the world.
- The first Walmart was opened in Rogers, Arkansas, in 1962.
- In Canada, Walmart was first established in 1994.
- Walmart failed in Germany and had to close its stores in 2006.
- In 2020, Walmart had 2.2 million associates globally.
- Walmart Canada has roughly 90,000 associates.
- In 2020, there were 408 Walmart stores in Canada.
- Walmart Canada’s daily foot traffic reaches approximately 2.4 million customers.
Walmart Facts and History
In this section, we’ll be taking a look at the retailer’s history, starting with its very beginning.
1. The Waltons—the family who own Walmart—are the richest family in the world.
(Celebrity Net Worth)
Their combined net worth is said to be around US$247 billion and is rapidly growing by the year. By the end of 2021, this number is even expected to surpass US$300 billion.
2. The first Walmart was opened in Rogers, Arkansas, in 1962.
It was founded by owner Sam Walton at the age of 44. Walmart facts show that by 1967, the Walton family owned 24 Walmart shops, reaching around US$12.7 million in sales.
3. In 1969, the company as it was originally started was incorporated as Wal-Mart Stores, Inc.
According to Walmart history facts, soon after that, the company began steadily expanding thanks to its unexpectedly immense success. The company’s founder liked to ascribe this achievement not just to the low prices the stores offered, but also to his associates’ devotion.
4. The child-safety program called Code Adam was initiated by Walmart in 1994.
This alert system was put into place to prepare store employees should a child go missing. It was implemented in both the US and Canada, and worked so well that it even became a law to help locate missing children.
Interesting Facts About Walmart and Its Finances
Here we’ll be examining the retail giant’s financial situation, what their investors can expect, and how much their share price is.
Given that this was 1970, that was a considerable amount of money. Of course, the shares are worth much more today, due to the company’s growth and global presence. On March 8 this year, the share price was around US$128.6. This is a US$112.1 increase over 51 years.
6. Last year, Walmart was the #1 retail company in the world.
Investopedia placed Walmart and its market share in 2020 at the very top of the retail category. The company’s revenue reached an astonishing US$534.7 billion and its net income was at US$15 billion. Amazon came in second with US$321.8 billion in revenue, while Costco Wholesale Corp came in third with US$160.9 billion.
This was likely due to new business developments that greatly contributed to the previously mentioned revenue of US$534.7 billion. According to Walmart facts, in 2020, the company also successfully launched in-home delivery in three US cities, as well as NextDay Delivery, which customers can access through the eCommerce site.
Walmart Employment Statistics
The following segment shares some information on the number of people in the company’s employment, as well as their salaries and specific employee benefits.
8. In 2020, Walmart had over 2.2 million associates globally.
Facts about the Walmart company reveal that its employees are referred to as associates, whether part-time or full-time. In the US alone, the company has employed around 1.5 million people and internationally, it’s got about 0.7 million associates.
9. Walmart associates receive a 10% employee discount.
This can be used on all regularly priced merchandise, as well as fresh fruits and vegetables. They also have access to discounts on phone services, travel, and even entertainment.
10. Walmart facts and figures show the average hourly employee in the States earns around US$14.76 per hour.
Though this number differs from state to state, it’s above the federal minimum wage, which is $7.25 an hour. At the given rates, it can therefore be concluded that a full-time worker can annually earn up to US$30,000.
Facts About Walmart Stores
Be it shopping for gifts or buying necessities, Walmart remains most customers’ go-to. In this section, we will be looking at Walmart stores, how many there are, and where they are located.
11. There are around 10,500 Walmart-owned stores and clubs throughout the world.
They operate under 48 banners in 24 different countries, as well as through e-commerce sites. These stores include supercenters, discount stores, and clubs as well. In total, the company counts no fewer than 11,443 retail units.
12. In January 2020, there were 4,756 Walmart stores in the States alone.
Walmart statistics for 2021 indicate a somewhat smaller number than last year’s–4,743. However, it’s not surprising that both years score lower compared to the number of stores in January 2019, which was 4,769. Note: these stats include neighbourhood markets, discount stores, and supercenters.
13. Walmart failed in Germany and had to close its stores in 2006.
(Journal of Asia-Pacific Business) (The Guardian)
Walmart spent nine years trying to win over German consumers. Upon selling its German stores to the retailer Metro, the company actually suffered a US$1 billion loss. This happened shortly after Walmart had disappeared off the face of South Korea’s business scene.
Walmart Customer Demographics
Who is Walmart’s average customer? How much do they spend and how often do they visit the store on average? The following section will give you precisely those answers.
14. Globally, Walmart stores had around 265 million weekly visits in 2020.
This was less than in 2019, when the number of customer visits reached 275 million. The given reduction in Walmart’s weekly foot traffic could be a consequence of the pandemic and the necessity of social distancing it imposed.
15. Walmart statistics indicate that the retailer’s shoppers tend to visit the store every 21.6 days.
On average, they will purchase 11 items and pay US$50.95. Walmart therefore remains in a more favourable position than its competitor Target. The latter’s customers tend to shop every 47.7 days, purchasing an average of 7.6 items worth US$46.92.
16. The average Walmart customer is 46 years old.
Walmart demographics show the retailer’s customers are predominantly white females with an average yearly household income of approximately US$76,000. Amazon’s average customer, on the other hand, has a yearly household income of around US$84,000, but is the same age as Walmart’s.
Fun Facts About Walmart Canada
17. In 2020, there were 408 Walmart stores in Canada.
This is three fewer stores than there were in 2019 and two fewer than there were in 2018 and 2017, according to Canadian Walmart statistics. However, regardless of the slight decrease, there are still more retail stores today than there were five years ago (400).
18. In Canada, Walmart was first established in 1994.
Its headquarters are located in Mississauga, Ontario. It’s also important to mention that the retailer has shared a significant part of its success with its community. Namely, it’s raised and donated about $500 million to various Canadian charities over the last 27 years.
19. In this country, Walmart has daily foot traffic of approximately 2.4 million customers.
This number includes both physical stores and the retailer’s Canadian e-commerce store. Walmart’s online stores may have witnessed more traffic during 2020 and 2021 due to the global pandemic caused by COVID-19.
20. Walmart Canada has about 90,000 associates.
(CNW) (Financial Post)
Moreover, in October last year, the company announced it would take on more staff—10,000 people, more precisely. The need for this increase in the number of associates was motivated by the sharp growth in e-commerce sales as a consequence of the pandemic. With so many employees and over 400 stores nationwide, Walmart is the country’s number-one employer.
Walmart is extremely well-known, not only in the countries that it operates in, but also beyond. Hopefully, the Walmart statistics and facts we’ve presented here gave you an even wider perspective of the company’s importance. Please feel free to share your ideas and impressions on the subject with us, and stay tuned for more food for thought on other topics, too!
While at it, make sure to check out our elaborate PayPal statistics for Canadian users. Acquainting yourself with these thoroughly compiled stats will most likely contribute to a pleasant shopping experience in the future.
What is Walmart’s yearly profit?
Between January 31 of 2020 and 2021, Walmart made a gross profit of US$138.836 billion. The year before that, this number was US$129.359 billion, and the 2018–2019 period wasn’t that far behind—US$129.104.
What is Walmart’s biggest selling item?
Walmart indeed sells a vast variety of products. They offer everything from fresh produce to various kinds of toys, smart home devices, pet supplies, home improvement equipment, gardening equipment, and so on.
In 2019, its top-selling item was the Instant Pot 6 Qt. 7-in-1 Multi-use Programmable Cooker. The year before, that title belonged to the Sceptre 32” Class HD (720P) LED TV. The Ozark Trail 30-ounce Insulated Stainless Steel Tumbler was the best-selling item in both 2017 and 2016, while in 2015, it was the Apple iPad Mini 2 16GB.
How many customers does Walmart have?
On a weekly basis, Walmart has around 220 million customers and members visiting both its physical locations as well as e-commerce stores. This number includes all of the 24 countries and 48 banners that Walmart operates under.
How many employees does Walmart have per store?
Walmart’s discount stores each have around 225 employees on average, while its supercenters employ around 350 people each. The numbers are lower when it comes to Sam’s Club locations and Walmart’s neighbourhood markets, with an average of 160–175 and 95 associates, respectively.