Walmart, founded by Sam Walton in 1962, is an American multinational retailer and the world's largest public corporation by revenue, operating 8,500 stores in 15 countries under various names. The company emphasizes an 'everyday low price' strategy, strong supply chain management, and cultural adaptability while providing significant savings to customers. In India, Walmart has launched Best Price outlets, which serve local retailers and farmers, showcasing its commitment to enhancing supply chains and creating employment.