Good bye Wal-Mart Stores Inc, hello Walmart Inc.
After 47 years known as Wal-Mart Stores, the world’s largest company said on Wednesday that it is dropping “Stores” from its name in a nod to how much important e-commerce is to the business as it continues to compete with Amazon.com (AMZN, +0.94%). The change goes into effect on February 1st.
While Wal-Mart Stores as a corporate legal name is rarely used in public-facing materials or in stores themselves, CEO Doug McMillon said in a statement that he felt the name change was needed to be “consistent with the idea that you can shop us however you like as a customer.” He added: “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.”
To read the rest of the story, please go to: Fortune
