A Name Change is Coming to Wal-mart Store In Presque Isle & Maine
You probably figured at some point this was bound to happen as other companies have done something similar in the past. A name change is coming to Wal-Mart in P.I.
Effective February 1, 2018 "Wal-mart Stores" will be dropping the name 'stores' and the hyphen from their name.
Walmart President and CEO Doug McMillon was recently quoted in a USA Today article as saying,
"While our legal name is used in a limited number of places, we felt it was best to have a name that was consistent with the idea that you can shop us however you like, as a customer."
There is a growing number of people who are shopping at the retail giant without ever entering the store, which was part of the reason for the name change.
Managing Director of Retail Consultancy Global Data, Neil Saunders told USA Today,
"It signals that the way in which Wal-mart sees itself has shifted, and it wants to ensure that view is communicated to others."
Saunders added, "It might focus minds internally and help aid understanding of what Walmart is trying to do as it moves into the future."
Wal-mart Stores was founded by Sam Walton who really changed the face of retail and opened the first Wal-mart store in 1962 at the age of 44 in Rogers, Arkansas.