Who Owns Great Value?
Great Value is owned by Walmart Inc., a publicly traded American multinational retail corporation founded by Sam Walton in 1962. Walmart trades on NYSE under ticker WMT and is headquartered in Bentonville, Arkansas, USA.
Parent Company
Walmart Inc.
Founded
1993
Status
Publicly Traded
Headquarters
Bentonville, Arkansas, USA
Who Owns Great Value?
- Parent Company: Walmart Inc.
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NYSE: WMT
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Great Value | Walmart Inc. | Wholly owned |
History of Great Value
- Founded: 1993
- Founders: Walmart (internal development)
Great Value was introduced by Walmart in 1993 as the company's comprehensive private label brand for grocery and household products. This founding vision demonstrated exceptional insight into the growing demand for affordable grocery solutions while establishing a distinctive approach that would define the food beverage category for generations. The brand was developed to provide customers with high-quality alternatives to national brands at lower prices. This strategic positioning demonstrated Great Value's exceptional ability to create differentiated grocery solutions while maintaining consistent brand positioning and quality standards that would define the brand for decades.
The brand launched with basic grocery items and quickly expanded to cover hundreds of products across multiple categories including food, beverages, paper products, cleaning supplies, and personal care items. This period of excellence demonstrated Great Value's exceptional ability to scale operations while maintaining consistent brand positioning and quality standards across multiple food beverage segments. This strategic diversification demonstrated Great Value's exceptional ability to serve multiple consumer segments while maintaining its core brand identity and market leadership in the food beverage industry.
Throughout the 2000s, Great Value underwent significant quality improvements and packaging redesigns to better compete with national brands. This continued evolution demonstrated Great Value's exceptional ability to maintain market relevance while adapting to changing grocery requirements and consumer preferences. Walmart invested in product development and quality assurance to build consumer trust in the private label offering. This continued excellence demonstrates Great Value's exceptional ability to maintain market leadership while adapting to changing grocery dynamics and regulatory requirements. This strategic integration demonstrated Great Value's exceptional ability to integrate into larger retail corporations while maintaining its core brand identity and cultural significance in the private label industry.
Great Value has become one of the largest and most successful private label brands in the United States, generating billions in annual sales and representing a significant portion of Walmart's grocery sales. This continued evolution demonstrated Great Value's exceptional ability to maintain market relevance while adapting to changing grocery requirements and technological advancements. The brand continues expanding into new categories and improving product quality. This strategic partnership demonstrated Great Value's exceptional ability to leverage corporate resources while maintaining its distinct grocery identity and market leadership. This continued success represents a significant milestone in the evolution of private labels and consumer-focused grocery solutions.
About Walmart Inc.
What does Walmart own?
Walmart Inc. owns and operates Walmart discount stores, Walmart Supercenters, Walmart Neighborhood Markets, and Sam's Club warehouse clubs in the United States. Internationally, Walmart owns a majority 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 markets. Walmart also owns Walmart+, its subscription membership service, and Walmart Connect, its retail media advertising network.
Is Walmart publicly traded?
Yes, Walmart Inc. is listed on the New York Stock Exchange under ticker WMT. The company has been publicly listed since 1970. The Walton family, descendants of founder Sam Walton, collectively hold approximately 46% of Walmart's shares through Walton Enterprises LLC and other entities, giving them effective control over the company. The remaining shares are held by institutional investors and public shareholders.
Who founded Walmart?
Walmart was founded by Sam Walton, who opened the first Walmart store in Rogers, Arkansas on July 2, 1962. Walton had previously operated Ben Franklin variety stores as a franchisee and had developed a deep understanding of retail operations. His concept was to offer a wide range of merchandise at consistently low prices in smaller towns underserved by larger retailers. Sam Walton died in April 1992 at the age of 74. The Walton family continues to hold a controlling stake in the company.
Where is Walmart headquartered?
Walmart is headquartered in Bentonville, Arkansas, USA, where the company has been based since its founding. The company's global headquarters and principal executive offices are located in Bentonville. Walmart operates more than 10,500 stores and clubs across more than 20 countries, with its largest concentration of stores in the United States.
How many stores does Walmart operate?
Walmart operates more than 10,500 stores and clubs across more than 20 countries. In the United States, Walmart operates approximately 4,600 stores under the Walmart banner and approximately 600 Sam's Club locations. Internationally, Walmart operates stores in Mexico, Canada, China, Central America, Chile, and other markets, and holds a majority stake in Flipkart, India's leading e-commerce platform.
Who owns Walmart?
Walmart Inc. is publicly traded on the NYSE, but the Walton family holds a controlling interest of approximately 46% of shares through Walton Enterprises LLC and other entities. The Walton family, descendants of founder Sam Walton, are among the wealthiest families in the world as a result of this stake. The remaining approximately 54% of shares are held by institutional investors and public shareholders. Doug McMillon serves as President and CEO.
- Founded: 1962
- Headquarters: Bentonville, Arkansas, USA
- Company Type: Publicly Traded
- Stock: NYSE: WMT
Where Is Great Value Made / Based?
- Headquarters: Bentonville, Arkansas, USA
- Manufacturing / Operations: United States, Canada, Mexico, China, Various international locations
Brands Owned by Walmart Inc.
- Allswell - Walmart's direct-to-consumer mattress and bedding brand offering quality sleep p...
- Better Homes & Gardens - Licensed home goods brand available exclusively at Walmart, offering stylish fur...
- bettergoods - Walmart's elevated private label food brand launched in 2024, offering chef-insp...
- Durabrand - Walmart's private label electronics brand originally launched in 1999, offering ...
- Equate - Walmart's flagship health and beauty private label brand with 75% U.S. household...
- Fabuloso - Walmart-owned multipurpose cleaner brand offering affordable and effective clean...
- Flipkart - Indian e-commerce platform owned by Walmart, offering online retail, electronics...
- Freshness Guaranteed - Walmart's fresh produce and perishable foods brand offering quality fruits, vege...
- George - Walmart's flagship clothing brand offering affordable and stylish apparel for me...
- Mainstays - Walmart's primary private label brand offering affordable home furniture, beddin...
- Marketside - Walmart's fresh and prepared foods brand offering restaurant-quality deli items,...
- Ol' Roy - Walmart's private label dog food brand offering affordable dry and canned dog fo...
- onn - Walmart's private label consumer electronics brand offering affordable TVs, tabl...
- Parent's Choice - Walmart's private label baby products brand offering affordable diapers, wipes, ...
- Pen+Gear - Walmart's private label office supplies brand offering affordable paper, writing...
- The Pioneer Woman - Licensed kitchenware and home decor brand created by Ree Drummond, featuring rus...
- Protective - Walmart's private label cleaning supplies brand offering affordable household cl...
- Pure Balance - Walmart's pet food brand offering natural and nutritious food options for dogs a...
- Sam's Choice - Walmart's premium private label brand offering higher-quality groceries, beverag...
- Scoop - Walmart's laundry detergent brand offering affordable and effective cleaning sol...
- Simply Basic - Walmart's private label brand offering essential personal care and beauty produc...
- Spring Valley - Walmart's private label brand offering vitamins, supplements, and herbal product...
- Terra & Sky - Walmart's plus-size women's clothing brand offering stylish and comfortable appa...
- Time and Tru - Walmart's women's clothing brand offering stylish and affordable apparel with a ...
- Wonder Nation - Walmart's children's clothing brand offering durable, comfortable, and stylish a...
Great Value Ownership: Pros & Cons
Advantages
- +Significant cost savings compared to national brands
- +Wide product availability across Walmart's extensive store network
- +Quality improvements and expanded product selection over time
- +Backed by Walmart's purchasing power and supply chain expertise
- +Consistent availability and shelf space in Walmart stores
Considerations
- -Limited availability outside Walmart stores
- -Perception of lower quality compared to some national brands
- -Product availability may vary by region and store size
- -Limited marketing and brand awareness beyond Walmart customers
- -Dependency on Walmart's sourcing and quality control standards
Frequently Asked Questions About Great Value
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Great Value
No direct competitors found in the same category. This could be because Great Valueoperates in a unique market segment or we're still building our competitor database.
Walmart Inc. Stock Information
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