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Founded in 1962 and headquartered in Bentonville, Arkansas, Walmart is the world’s largest brick-and-mortar retailer. The company is a global mass merchandiser and warehouse club operator, and a pioneer in offering customers both a large assortment and low prices. The company operates stores in a variety of formats, including cash-and-carry stores, convenience stores, discount stores, drugstores, membership-only warehouse clubs and supercenters. The company operates three major segments—Sam’s Club, Walmart International and Walmart US—as well as its “membership and other income” segment.
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