One of the largest retailers in the world is Walmart. The retail giant is known for their every day low prices and for their wide selection of consumer goods.
Now, the company is announcing they are going to change their name. Numerous news outlets, including CNBC, USA Today and Fortune, reported that Walmart is changing its name. While many shoppers assumed it was a massive new change, it actually only affects their legal name.
"As of Feb. 1, it will no longer be "Wal-Mart Stores," but will get rid of the hyphen and drop 'stores' from its legal name," reported USA Today.
The move signals a change from Walmart to better reflect their increasing emphasis on e-commerce. Walmart officials recently commented on the change and how, if at all, it could possibly affect shoppers.
“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,'' Doug McMillon, Walmart's president and CEO, said in a statement. "As time goes on, customers will increasingly just think of and see one Walmart.”
What do you think about this? Do you already buy most of your stuff online or do you go into the stores in person? Let us know in the comments section of our Facebook page. Also, read our breaking news story about the tragic death that just struck the Duck Dynasty family.