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Wal-Mart to change name reflecting shift to online

Detroit News
Wal-Mart to change name reflecting shift to online

What’s in a name? For Wal-Mart Stores Inc., it’s what’s not in the name that counts. The world’s biggest retailer announced plans to change its legal name to Walmart Inc. on Feb. 1, the start of its next fiscal year. The tweak reflects how customers commonly refer to the company, and supports its aim to serve customers both in physical stores and online. “Why the change? Because of our growing presence as a retailer who serves customers no matter how they choose to shop,” Chief Executive Officer Doug McMillon said in a blog post on the company’s website. “Most of us, and I’d guess all our customers, refer to our company as Walmart.” McMillon has sought to position the company as an e-commerce