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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.
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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.

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

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