ADVERTISEMENT

Walmart is changing its name — and it reveals a key strategy for the company's future (WMT)

The name change is another iteration of the company's growing emphasis on ecommerce and its departure from the purely store-based strategy of its past.

  • The name change is another iteration of Walmart's growing emphasis on ecommerce and its departure from the purely store-based strategy of its past.
ADVERTISEMENT

Walmart is taking the word "stores" out of its name.

The company announced Wednesday that it's changing its official name from Wal-Mart Stores, Inc., to Walmart Inc., effective February 1, 2018.

The new name won't change anything about how Walmart does business. It's just another iteration of the company's growing emphasis on ecommerce and its departure from the purely store-based strategy of its past.

ADVERTISEMENT

The stylistic change from Wal-Mart to Walmart means the name now matches the retailer's web address, Walmart.com.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

How SafeHamsters unlocks the potential of crypto betting| Insider Tips

How SafeHamsters unlocks the potential of crypto betting| Insider Tips

A look into the diverse tax reforms being implemented across Africa

A look into the diverse tax reforms being implemented across Africa

Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

China dethrones USA as the most influential global power in Africa: Report

China dethrones USA as the most influential global power in Africa: Report

Major African economies expecting inflation ease into next year, except Nigeria

Major African economies expecting inflation ease into next year, except Nigeria

10 African countries with the lowest price changes in household commodities

10 African countries with the lowest price changes in household commodities

Dangote refinery outranks Europe's 10 largest refining facilities

Dangote refinery outranks Europe's 10 largest refining facilities

Africa may just have the lowest level of cyber threats compared to other regions

Africa may just have the lowest level of cyber threats compared to other regions

A look into Kenya’s Shs1.1 billion climate funding from the UK

A look into Kenya’s Shs1.1 billion climate funding from the UK

ADVERTISEMENT