
Equate is owned by Walmart Inc., a publicly traded American retail corporation listed on the New York Stock Exchange under the ticker WMT. Equate is Walmart's private label brand for health, beauty, and personal care products, offering alternatives to national brands at lower prices. The brand was originally created by L. Perrigo Company and was acquired by Walmart. Equate products are sold exclusively at Walmart stores and on Walmart.com.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Equate | Walmart Inc. | Brand division |
The Equate brand was created in the late 1980s by L. Perrigo Company, a Michigan-based manufacturer that specialized in producing store brand over-the-counter medications. Perrigo developed the Equate name as a private label brand for retailers, offering generic alternatives to national brand OTC medications like Tylenol, Advil, and Claritin.
Walmart adopted the Equate brand for its private label health and beauty products in the early 1990s. The brand initially focused on over-the-counter medications: pain relievers, cold and flu remedies, antacids, and allergy medications. These products were priced 20 to 40 percent below the equivalent national brands, making them attractive to Walmart's value-conscious customer base.
Throughout the 1990s and 2000s, Walmart expanded the Equate brand beyond OTC medications into personal care and beauty products. The brand added skincare products, hair care, oral care, feminine hygiene, first aid supplies, and vitamins. By the 2010s, Equate covered nearly every category in the health and beauty section of Walmart stores.
Equate has become one of the most widely purchased private label brands in the United States. According to market research data, Equate has approximately 75 percent U.S. household penetration, meaning three out of four American households have purchased an Equate product. This makes it one of the top two or three store brands in the country by household penetration, alongside Walmart's Great Value grocery brand.
Walmart does not disclose Equate-specific revenue. The brand generates billions in annual sales across hundreds of SKUs. Equate's product range includes over 1,000 items spanning OTC medications, personal care, beauty, vitamins, and first aid.
In recent years, Walmart has expanded Equate into wellness and preventive health categories, including sleep aids, probiotics, and topical pain relief. The brand has also introduced larger pack sizes and multipacks to compete with club store pricing.
What does Walmart own?
Walmart Inc. owns Walmart Supercenters, discount stores, and Neighborhood Markets in the US; Sam's Club warehouse clubs; approximately an 81% stake in Flipkart (India's leading e-commerce platform); Walmart Mexico (Walmex), the largest retailer in Mexico; Walmart Canada; and operations in Central America, Chile, China, and other countries. Private-label brands include Great Value, Equate, Onn., Mainstays, and Bettergoods. Walmart also owns Walmart Connect, its advertising network, and operates Walmart+, a paid membership service.
Is Walmart publicly traded?
Yes. Walmart Inc. has been listed on the New York Stock Exchange under ticker WMT since October 1970. Despite being a public company, the Walton family retains effective control through approximately 46% of shares held through Walton Enterprises LLC and other family entities. The remaining shares are held by institutional investors including Vanguard and BlackRock, and by public shareholders.
Who founded Walmart?
Sam Walton founded Walmart, opening the first store in Rogers, Arkansas on July 2, 1962. Walton had previously operated Ben Franklin franchise stores in Arkansas, where he developed the low-cost, high-volume retail philosophy that became Walmart's foundation. He died on April 5, 1992, at age 74. His family continues to hold the controlling stake in the company.
Where is Walmart headquartered?
Walmart is headquartered in Bentonville, Arkansas, USA, where Sam Walton established the company's roots in the 1950s. The company's global headquarters, principal executive offices, and main distribution and technology infrastructure are concentrated in northwest Arkansas. Walmart operates in more than 20 countries, with its largest store concentration in the United States.
How many brands does Walmart own?
Walmart operates approximately 20 private-label and exclusive consumer brands, including Great Value (grocery), Equate (health and beauty), Onn. (electronics), Mainstays (home), and Bettergoods (premium food, launched 2024). These brands represent a smaller portion of Walmart's total merchandise revenue than at some competitors; most of what Walmart sells is national branded products from manufacturers.
Who owns Walmart?
Walmart Inc. is a public company with shares traded on the NYSE. The largest shareholder group is the Walton family, which collectively holds approximately 46% of outstanding shares through Walton Enterprises LLC and related entities. The Walton family is consistently ranked among the wealthiest families in the world as a result of this stake, with a combined net worth estimated in excess of $200 billion. Institutional investors including Vanguard, BlackRock, and State Street collectively hold a significant portion of the remaining shares.
Is Sam's Club owned by Walmart?
Yes. Sam's Club is a wholly-owned division of Walmart Inc. It operates as a separate business segment within Walmart's financial reporting but is not a publicly traded entity on its own. Sam's Club was founded by Sam Walton in 1983, named in his honor, and operates approximately 600 warehouse club locations in the United States.
Equate's sustainability profile is tied to Walmart's corporate ESG framework. Walmart has set environmental targets including zero emissions across its operations by 2040 and a commitment to protect, restore, or sustainably manage at least 50 million acres of land and 1 million square miles of ocean by 2030.
For Equate products, the primary sustainability considerations are packaging waste and supply chain ethics. Walmart has committed to reducing plastic waste in private label packaging, including transitioning to recyclable, reusable, or compostable packaging. Equate packaging has been gradually updated to reduce plastic content and increase use of recycled materials.
Walmart's Standards for Suppliers require all contract manufacturers, including those producing Equate products, to comply with labor, safety, and environmental standards. The standards prohibit forced labor, child labor, and unsafe working conditions. Suppliers are audited for compliance.
On animal testing, Walmart's private label beauty products, including Equate, are not certified cruelty-free. Walmart does not have a formal cruelty-free policy for its private label brands. This is a point of criticism from animal welfare advocacy groups.
The 2024 eye ointment recall raised questions about quality oversight at international contract manufacturing facilities. The recall involved products manufactured by Brassica Pharma Pvt. Ltd. in India, where FDA inspection found sterility assurance issues. This highlighted the challenge of maintaining quality standards across a global network of contract manufacturers.
Equate has faced product recalls, primarily related to manufacturing quality issues at contract manufacturing facilities. The brand has not faced systemic safety controversies, but individual product recalls have occurred.
Eye Ointment Recall (February 2024): In February 2024, Brassica Pharma Pvt. Ltd. voluntarily recalled Equate Lubricant Eye Ointment and Equate Stye Lubricant Eye Ointment due to potential lack of sterility assurance. The FDA announced the recall for products with expiration dates from February 2024 to September 2025. The recall was initiated after an FDA inspection of the Brassica Pharma manufacturing facility in India revealed sterility assurance issues. No adverse events were reported, but the potential lack of sterility posed a risk of eye infections. This recall highlighted the quality control challenges of sourcing OTC products from international contract manufacturers.
Quality Control Across Contract Manufacturers: Equate products are manufactured by dozens of contract manufacturers across multiple countries. Maintaining consistent quality across this network is an ongoing challenge. The eye ointment recall demonstrated that FDA inspections can identify manufacturing deficiencies at facilities producing Equate products. Walmart relies on supplier audits and FDA inspections to ensure quality, but gaps can occur.
Pricing and Quality Perception: Equate faces ongoing perception challenges from consumers and competitors who question whether lower-priced private label products are equivalent in quality to national brands. Multiple consumer testing organizations, including Consumer Reports, have tested Equate products and found them to be equivalent in active ingredient content and efficacy to national brands. However, the perception gap persists among some consumers.
Animal Testing: Equate beauty and personal care products are not certified cruelty-free. Walmart does not have a formal cruelty-free certification for its private label brands. This has drawn criticism from animal welfare organizations and consumers who prefer cruelty-free products.
Supply Chain Transparency: Walmart discloses limited information about the specific contract manufacturers that produce Equate products. Unlike national brands that prominently feature their manufacturing facilities and quality certifications, Equate products do not identify the manufacturer on packaging. This lack of transparency has been criticized by consumer advocacy groups.
Walmart Corporate Controversies: As a Walmart private label brand, Equate is indirectly affected by controversies surrounding Walmart's labor practices, competitive impact on local businesses, and supply chain ethics. These controversies do not directly involve Equate products but can affect consumer perception of Walmart's private label brands.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Walmart | USA | 2017 | Mass market | United states | All-ages | |
| Walmart | USA | 2005 | Mass market | United states | Unisex | |
| Evyap | Turkey | 1970 | Mass market | Europe | Unisex | |
| Walmart | USA | 1993 | Mass market | United states | All Genders | |
| Walmart | USA | 1996 | Mass market | United states | All-ages |
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Market Positioning: Equate competes with 5 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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