Wal-Mart Stores filed a notice with the U.S. Securities and Exchange Commission this week announcing plans to change its legal name effective Feb. 1, which is the start of the company’s fiscal year, reported 5News.
The corporate name will change to Walmart Inc.
“The name change chiefly demonstrates the company’s growing emphasis on serving customers seamlessly however they want to shop: in stores, online, on their mobile device, or through pickup and delivery.
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,” said Doug McMillon, president and CEO of Wal-Mart Stores.
“While our legal name is used in a limited number of places, we felt it was best to have a name that was consistent with the idea that you can shop us however you like as a customer. Looking ahead, we’ll continue to invest in and strengthen our stores around the world and expand our eCommerce capabilities as we help save customers’ time and money. As time goes on, customers will increasingly just think of and see one Walmart,” McMillon added.
Walmart opened its first international location in Mexico City in 1991 and launched Walmart.com in 2000.
The retail giant said its stock will continue to trade on the New York Stock Exchange under the symbol “WMT” and going forward the company’s name should be referenced to as “Walmart”.