Originating in the U.S, Walmart has rapidly grown into one of the nation’s largest wholesale retailers, home to a massive variety of essential household goods.
Founded as a family business, you may wonder if Walmart has grown into a great franchise? All the information you’ll need is right here!
Is Walmart A Franchise?
No, Walmart is not a franchise. Walmart is instead a corporation primarily owned by the Walton family and numerous other shareholders, including American investment companies. Nearly anyone can purchase shares in Walmart’s stock market, meaning it will remain a publicly traded corporation.
Carry on reading for all you need to know about Walmart’s company structure!
Why Isn’t Walmart A Franchise?
Walmart cannot be owned by any one person as the corporation is ultimately owned by a large volume of investors who have bought stocks and shares in the company.
Additionally, much of Walmart’s success is derived from its status as a publicly traded retailer; franchises operate privately.
What Is Walmart’s Company Structure?
Walmart operates at a hierarchical functional organizational structure. This means that associates at employment below the CEO level are appointed a direct superior.
On the other hand, Walmart’s corporate system relies on active shareholders to invest financially in the business.
Will Walmart Ever Turn Into A Franchise?
No, Walmart will not become a franchise as much of its success is driven by shareholders and public traders.
The Walton family owns approximately 50% of shares, leaving the remaining half to individual stakeholders such as The Vanguard Groupand SSgA Funds Management Inc.
Shareholders will earn roughly $2.20 in dividends per share at the end of each fiscal year.
How Can You Become Involved In Walmart?
There are plenty of ways you can become involved with Walmart, whether that be as a store associate, third-party merchant, or investor.
Vacancies at Walmart are somewhat competitive. Therefore, it’s best to submit an application of the highest quality. Search for jobs at Walmart using the online career finder to view nearby employment.
The application and interview process can take up to 3 weeks, including an Assessment Test, to understand how you work.
Walmart Marketplace welcomes third-party merchants to kickstart a partnership with its curated community of independent sellers. To qualify for the position, you’ll need marketplace experience, US Tax ID, and Form W-9.
If you’d like to buy stocks in Walmart, then the direct investment approach could be for you. Anyone, including Walmart employees, can purchase Walmart stocks without needing large cash sums to get started.
All you’ll need is a Computershare login. Alternatively, Investment Apps are a great way to get your foot in the door.
Conclusion: Is Walmart A Franchise?
No, Walmart is not a franchise as it is a successful publicly traded corporation. Walmart is primarily owned by the Walton family alongside hundreds of individual and commercial shareholders. Dive into Walmart as a company associate, third-party merchant, or stakeholder.