What is Walmart? Walmart Review

Walmart is one of the world's largest chain retail companies. It was founded in Arkansas, USA in 1962. Currently, Walmart has opened more than 7,000 stores worldwide, with a total of more than 1.9 million employees in 14 countries around the world. Walmart has 176 million customers visiting it every week. In terms of brand management strategy, Walmart has chosen a variety of retail formats to target consumers of different levels.

About Walmart

Walmart is an American global chain enterprise. It is the world's largest company in terms of turnover and its controlling shareholder is the Walton family.

Wal-Mart has taken over both high-end and low-end markets by attacking from all sides, so it has replaced Sears, which was once popular throughout the United States, and has become the number one brand in the retail industry. In the 2007 Fortune 500 list, the US retail king Wal-Mart has made a comeback, surpassing ExxonMobil with an annual operating income of US$351.139 billion, and has once again topped the list.

Business Operations

Walmart's business is divided into four divisions: Walmart US, Walmart International, Sam's Club and Global e-commerce. Walmart in China mainly has two formats: Walmart Supercenter and Sam's Club. The company offers a variety of retail formats in all these divisions, including large shopping malls, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, home improvement, electronics stores, restaurants, clothing stores, drug stores, convenience stores and digital retail stores.

Entry conditions

1. Documents required for Chinese companies to apply: 1) Scanned copy of business license; 2) Legal person's passport and shareholder's passport; 3) Annual turnover of other platforms (not less than 300,000 US dollars); 4) Self-built warehouse in the United States or third-party warehouse in the United States (if it is a third-party warehouse, a lease contract or bill is required). It takes 30-60 working days for Chinese companies to apply.

2. Application by U.S. companies: 1) U.S. company certificate; 2) U.S. corporate tax number EIN; 3) Have a self-built warehouse in the U.S. or a third-party warehouse in the U.S.; 4) Must have a U.S. business address; 5) Annual turnover of not less than US$300,000.

Time required: US companies need 15-30 working days to apply.

Steps to Settlement

1. Apply for a patent for the product;

2. Register your own company and provide the company's tax identification number (TIN);

3. Obtain product barcode;

4. Create high-quality product photos;

5. Write sales record form;

6. Plan your product production;

7. Submit products to Walmart.

Specific process of settlement

Step 1: Click here to submit your application online.

1. Submit the applicant's basic information, company information, online sales experience and other basic information.

2. After submitting the application information, please wait for about 1-3 weeks for Walmart to reply by email and ask for additional information.

Supplementary information: proof of address, online sales receipt, brand proof, etc.

3. After the application is reviewed and approved, you will receive an official email.

Step 2: Set up a Walmart Seller Account and complete OnboarDINg.

1. Submit basic company information: a. Business's physical address, b. Bank account information, c. W-9 form.

2. Improve Seller Profile.

3. Test order.

Step 3: Upload products.

You can upload in batches using CSV File, use the API interface, or use third-party software tools.

After completion, click the Go Live button to submit and wait for Walmart's final review and activation. Congratulations! You are now an official Walmart marketplace seller.

Frequently asked questions

Q: After passing the admission review, how do I start selling?

A: Once you are approved as a seller and have a Walmart Marketplace Retailer Agreement, you will receive an "Invitation to Register" email with the next steps and a designated registration window. Sellers will then register in Seller Central and integrate products and logistics systems with Walmart. Once sellers are ready to go live, products will be visible to buyers.

Q: Can dropshippers (DSV) also sell on Walmart?

A: Yes, sellers can sell as both DSV and Marketplace sellers at the same time. However, any items you offer must be sold as either DSV or a seller. You cannot sell the same item as both a seller and a DSV.

Development History

-In 1950, Sam Walton opened his first discount store.

-In 1962, Walton opened the first Wal-Mart store in LaJeres, Arkansas under the name "Wal-Mart".

-In 1972, Wal-Mart's stock was listed in New York, and its value increased 4,900 times in the next 25 years (until 1999).

-In 1979, Walmart's total sales exceeded $1 billion for the first time.

-In 1985, the famous American financial magazine Forbes listed Walton as the richest man in the United States.

-In 1987, the first comprehensive department store was opened in Galen, Texas.

-In March 1988, the first Wal-Mart Super Center was opened in Washington, Missouri.

-On March 17, 1992, Walton was awarded the Presidential Medal of Freedom.

-In 1993, it had 330 retail stores in European countries such as Britain, France and Germany, and its overseas sales accounted for 27.6% of the total sales.

-In 1994, the International Business Department was formally established to be responsible for overseas affairs.

-In 1997, Wal-Mart's annual sales exceeded $100 billion for the first time, reaching $105 billion.

-In 1999, the total number of employees reached 1.14 million, making it the world's largest private employer.

-On November 4, 2005, Wal-Mart implemented a $1 billion aid plan for Japanese retailer Seiyu Ltd. and increased its stake in Seiyu to 56.56%. Ed Kroczyk, formerly Wal-Mart's global senior vice president and chief operating officer, took over as CEO of Seiyu on December 15.

-On August 28, 2006, the Shenzhen Distribution Center was relocated from Shekou to Pingshan Town, Longgang District. The first phase of the usable area doubled the area of ​​the current original distribution center.

-On November 19, 2010, Sam's Club, a brand under Walmart China, launched online shopping services in China.

-In April 2012, a new feature called "Cash Payment" was launched, allowing users to order goods online and then pay at a nearby Walmart physical retail store.

-In July 2015, Walmart acquired Yihaodian and will continue to operate it under its current name.

-On July 16, 2018, JD.com and Walmart jointly announced that the two parties will accelerate the "three-link strategy" of connecting stores, inventory, and users.

-On August 8, 2018, India’s antitrust regulator approved Walmart’s acquisition of Flipkart for $16 billion.