Walmart gives itself new legal name

December 7, 2017 at 5:26 a.m. | Updated December 7, 2017 at 5:14 a.m.

by Associated Press

This Thursday, Jan. 5, 2017, file photo shows corporate signage at a Walmart in Kissimmee, Fla. Just over a year after Walmart spent more than $3 billion for the fast-growing online retailer Jet.com, it will launch a grocery line targeting millennials as it tries to contain Amazon.com. In August 2017, Amazon closed on its acquisition of Whole Foods, intensifying the competition between Walmart, Target, and supermarkets all fighting to win a bigger slice of the grocery market.
This Thursday, Jan. 5, 2017, file photo shows corporate signage at a Walmart in Kissimmee, Fla. Just over a year after Walmart spent more than $3 billion for the fast-growing online retailer Jet.com, it will launch a grocery line targeting millennials as it tries to contain Amazon.com. In August 2017, Amazon closed on its acquisition of Whole Foods, intensifying the competition between Walmart, Target, and supermarkets all fighting to win a bigger slice of the grocery market.

NEW YORK-Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon's increasing dominance,

The world's largest retailer, based in Bentonville, Ark., said Wednesday it will change its legal name to Walmart Inc. from Wal-Mart Stores Inc.

It said the move underscores its emphasis to diversify beyond just physical stores but also online and on their mobile devices. It tripled the number of items sold online from a year ago, overhauled its free shipping strategy and is expanding such services as allowing shoppers to pick up online grocery orders curbside at the stores. 

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