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Number of Walmart Stores in the US in 2020: Demographics, Statistics, and Predictions

Category: B2B News
How many Walmart stores are there?
In 2019, the total of Walmart stores in the US was 4,769[1]. Walmart Supercenters lead the pack with 3,570 operating stores or a share of 74.8% of the total number of Walmart stores in the US.

Source: Walmart

Bartering and selling of goods has been recorded throughout human history for thousands of years, and in the 18th and 19th centuries, family-run businesses—mom-and-pop stores—were the first retail stores. The following years saw the emergence of a few convenience stores, department stores, and shopping malls. It was only until the 1960s where big-box retail stores saw a surge in popularity. One of these big-box retail stores is a company founded by Sam Rogers called Walmart in the city of Rogers in Arkansas.

At present, almost 5,000 Walmart stores are operating in the United States. A retail company this huge is sure to have an impact on the US economy. In this article, we will delve deeper not only to the number of Walmart stores in the US but also to these major topics below:

Walmart Stores Across the US

Walmart Stores per State

Source: ScrapeHero

According to the data gathered by ScrapeHero, Texas has the most number of Walmart stores with 516. Florida is the second state with the most Walmart with 341 stores. The third state is California with 280 Walmart stores. North Carolina is the fourth state with 194 stores. And the fifth state with the most number of Walmart stores in Georgia with 189[2].

Walmart Stores per City

Source: ScrapeHero

Out of the 15 cities with the most Walmart stores, 5 is from Texas.

San Antonio holds the number one spot with 29 Walmart stores. Houston, another city in Texas, falls second with 26 stores. Orlando is at the third spot with 25 stores followed by another city in Florida, Jacksonville, with 24 stores. The fifth spot belongs to Las Vegas with 22 stores[2].

Top Spenders in Walmart

Source: GOBankingRates

Walmart is one of the undisputed leaders in the retail industry in the US for decades. However, not all states equally contribute to their revenues. In a study conducted by GOBankingRates, they found that people in Oklahoma spent more money in their Walmart stores compared to the other states on the list. On average, they spent $1,662.43 in 2014. The second top spender is South Dakota with $1,511.86 and Arkansas at third with $1,494.80[3].

Source: GOBankingRates

In the same study, they tabulated the average income of Walmart stores. Walmart stores in South Dakota reported the highest average income compared to other Walmart stores in other states. The average reported income for South Dakotan Walmart stores was $80.62 million. Surprisingly, stores in North Dakota placed second with a reported $51.74 million average income and Tennessee at third with an average reported income of $51.56 million even though they were the bottom two when it comes to average spending in Walmart stores[3].

Source: GOBankingRates

When it came to the estimated sales per state, Missouri clinched the number one spot with $7.46 billion. Also, Tennessee is in second place with an estimated income of $7.37 billion and Alabama in third with $7.16 billion[3].

Number of Walmart Employees in the US

Aside from being one of the leaders in retail sales, Walmart is also one of the top private employers in the US. At present, they employ approximately 1.5 million associates[4] at more than 5,000 stores and clubs nationwide according to Walmart’s report. The average full-time hourly wage for Walmart employees is $14.26[4]  — almost twice the average national minimum wage.

In a recent study conducted by 24/7 Wall Street, they reported the largest employer in each state. And among the numerous companies, Walmart rose to the top as the largest private employer. Out of the 50 states, Walmart is the top employer in 22 of them.

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Walmart Employees per State as of 2019

Walmart Employees per State as of 2019
Texas: 171531

Texas

Walmart Employees per State as of 2019
Florida: 108321

Florida

Walmart Employees per State as of 2019
Georgia: 59371

Georgia

Walmart Employees per State as of 2019
Illinois: 54698

Illinois

Walmart Employees per State as of 2019
Arkansas: 53310

Arkansas

Walmart Employees per State as of 2019
Ohio: 50481

Ohio

Walmart Employees per State as of 2019
Virginia: 44621

Virginia

Walmart Employees per State as of 2019
Missouri: 43203

Missouri

Walmart Employees per State as of 2019
Tennessee: 41487

Tennessee

Walmart Employees per State as of 2019
Indiana: 39667

Indiana

Walmart Employees per State as of 2019
Alabama: 38041

Alabama

Walmart Employees per State as of 2019
Louisiana: 36992

Louisiana

Walmart Employees per State as of 2019
Oklahoma: 34014

Oklahoma

Walmart Employees per State as of 2019
Arizona: 33910

Arizona

Walmart Employees per State as of 2019
South Carolina: 32267

South Carolina

Walmart Employees per State as of 2019
Kentucky: 30181

Kentucky

Walmart Employees per State as of 2019
Mississippi: 24898

Mississippi

Walmart Employees per State as of 2019
Kansas: 20938

Kansas

Walmart Employees per State as of 2019
West Virginia: 12321

West Virginia

Walmart Employees per State as of 2019
New Hampshire: 8284

New Hampshire

Walmart Employees per State as of 2019
Montana: 4776

Montana

Walmart Employees per State as of 2019
Wyoming: 4699

Wyoming

Source: 24/7 Wall Street

Designed by

Among the 1.5 million employees in the US, 950,000 of them are in the states above. Walmart stores in Texas employs 171,531 – the most out of all states. Secondly, Florida with 108,321. Coincidentally, these are also the states with the most number of Walmart stores. Georgia is third with 59,371 employees[5].

Workplace Diversity in Walmart

Diversity in the workplace has become a buzzword in the business community over the past few years. In fact, in research conducted by Glassdoor, 67% of job seekers said that a diverse workforce is an important factor for them when considering companies and job offers. Additionally, 57% of the companies’ current employees want to prioritize diversity. Moreover, inclusive companies have higher cash flow — 2.3 times per employee over three years, a study from Josh Bersin reports. In another report by McKinsey, they stated that ethnically-diverse companies are 35% more likely to outrank their competitors and gender-diverse companies are 15% more likely to do the same.

Walmart is not that far-off when it comes to inclusivity.

In 2015, 57% of the total workforce in Walmart are women, 42% of them are part of management, and 32% are corporate officers. Meanwhile, 40% of the total workforce are people of color. With 30% of them working for management, and 22% are corporate officers. The following year saw a small decline in gender-diversity. Only 56% of the workforce are women. Women in management stayed the same but women corporate officers are at 31%. On the contrary, racial diversity increased in numbers. People of color comprised 42% of the total workforce with 31% in management and 22% are officers[6].

In 2017, gender-diversity took another 1% dip out of the total workforce with 55%. Women in management positions increased by 1% from the previous year and women corporate officers decreased by 1% are. The same year, Walmart became more ethnically-diverse, with 43% of the total workforce are people of color. They share 31% of the management positions, and 21% are corporate officers. The following year, gender-diversity in Walmart stayed the same across the board. On the other hand, people of color representation gained numbers. They shared a total of 44% of Walmart’s US workforce. 31% were at management and 20% were officers[6].

At present, gender-diversity in Walmart is still the same as last year. Additionally, racial diversity in Walmart’s workplace is also the same in 2018. The only notable difference is that 33% of management are people of color — an increase from last year’s 32%[6].

Demographics of Walmart In-Person Shoppers

With the advent of eCommerce, the retail sales of brick-and-mortar stores are expected to shrink over time. However, big-box retailers that have been in the industry for decades like Walmart remain unfazed, remaining relevant in the business industry continuously shaped by ever-changing technology. One thing’s for sure — Walmart’s brick-and-mortar stores have developed a strong foothold in the retail industry with the help of their loyal shoppers. But who are these Walmart shoppers?

Walmart Shoppers by Race

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Walmart Shoppers by Race

Walmart Shoppers by Race
White non-Hispanic: 70

White non-Hispanic

%
Walmart Shoppers by Race
Black non-Hispanic: 12

Black non-Hispanic

%
Walmart Shoppers by Race
Hispanic: 11.5

Hispanic

%
Walmart Shoppers by Race
Other: 3

Other

%

Source: Business Insider; Kantar Media; Statista

Designed by

According to a study conducted by Business Insider, Kantar Media, and Statista, they estimated that 70% of Walmart shoppers are White. Secondly, 12% of shoppers are Black. Thirdly, 11.5% of shoppers are Hispanic. Lastly, other ethnicities comprise 3% of the entire population of Walmart shoppers[7].

Walmart Shoppers by Income

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Walmart Shoppers by Income

Walmart Shoppers by Income
25,000 USD or less: 26.1

25,000 USD or less

%
Walmart Shoppers by Income
25,000 to 49,900 USD: 26.8

25,000 to 49,900 USD

%
Walmart Shoppers by Income
50,000 to 74,900 USD: 18.3

50,000 to 74,900 USD

%
Walmart Shoppers by Income
75,000 to 99,900 USD: 11

75,000 to 99,900 USD

%
Walmart Shoppers by Income
100,000 USD or more: 17.4

100,000 USD or more

%

Source: Business Insider; Kantar Media; Statista

Designed by

In the same study, they also identified the annual income of the shoppers. The income of Walmart shoppers that occupy the largest chunk is those earning 25,000 to 49,900 US dollars per year with 26.8%. The second-largest population of Walmart shoppers is those earning 25,000 US dollars or less with 26.1%. Third place belongs to shoppers with annual earnings of 50,000 to 74,900 US dollars with 11%[8].

Walmart Shoppers by Age

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Walmart Shoppers by Age

Walmart Shoppers by Age
18 to 24: 4.90

18 to 24

%
Walmart Shoppers by Age
25 to 34: 17

25 to 34

%
Walmart Shoppers by Age
35 to 44: 17.9

35 to 44

%
Walmart Shoppers by Age
45 to 54: 21

45 to 54

%
Walmart Shoppers by Age
55 to 64: 18.1

55 to 64

%
Walmart Shoppers by Age
65+: 20.4

65+

%

Source: Business Insider; Kantar Media; Statista

Designed by

Furthermore, the demographics of Walmart shoppers were classified by age. They reported that the age range of the largest population of shoppers is between 45 and 54 at 20.6%. Ages 65 and above fell in second place with 20.4%. The third-largest number of Walmart shoppers belong to ages between 55 and 64 with 18.1%. Ages 35 to 44 are in fourth place with 17.9%. They are followed by ages 25 to 34 with 17%. The least number of Walmart in-person shoppers belong to ages between 18 and 24 with only 4.9% of the total number of shoppers[9].

Walmart Shoppers by Generation

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Walmart Shoppers by Generation

Walmart Shoppers by Generation
Seniors (born before 1946): 9.8

Seniors (born before 1946)

%
Walmart Shoppers by Generation
Baby Boomers (born 1946 to 1964): 36.6

Baby Boomers (born 1946 to 1964)

%
Walmart Shoppers by Generation
Generation X (born 1965 to 1981): 21.1

Generation X (born 1965 to 1981)

%
Walmart Shoppers by Generation
Generation Y (born 1982 to 2002): 21.3

Generation Y (born 1982 to 2002)

%

Source: Business Insider; Kantar Media; Statista

Designed by

Finally, they broke down the demographics by identifying the generation of shoppers. Baby Boomers, born 1946 to 1964, are the largest number of shoppers in Walmart with 36.6%. Generation Y, born 1982 to 2002, followed with 21.3% of the shoppers. Generation X, born 1965 to 1981, placed third with 21.1% of the shoppers. Lastly, Seniors, born before 1946, consist of 9.8% of the shoppers[10].

Walmart in Figures

Brick-and-mortar retail sales account for 94% of the entire retail sales[11]. This data makes one thing clear: online shopping still hasn’t eclipsed the relevance of in-person shopping.

The Walmart brand is one of the leading retailers in both brick-and-mortar and eCommerce landscape. Their performance in both fields is enough to put them on top of every list.

Brand Value of Walmart

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Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Amazon: 220791

Amazon

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Google: 159722

Google

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Apple: 140524

Apple

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Microsoft: 117072

Microsoft

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Samsung: 94494

Samsung

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
ICBC: 80791

ICBC

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Facebook: 79804

Facebook

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Walmart: 77520

Walmart

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Ping An: 69041

Ping An

Brand Value of the 10 Most Valuable Brands in 2020 (in Millions)
Huawei: 65084

Huawei

Source: Brand Finance

Designed by

It was 1991 when Walmart first expanded internationally. The first Walmart outside the US was built in Mexico. Since then, the number of Walmart stores internationally has grown exponentially. Today, there are almost 6000 stores in various countries outside the US.

Source: Brand Finance

Being one of the biggest retailers in the world, it’s not surprising that Walmart is one of the most valuable brands worldwide. At number eight, Walmart’s value is estimated to be at $77,520 billion in 2020[12].

Revenue of Walmart in the US

Source: Trefis.com

In a recent study conducted by Trefis.com, they reported Walmart’s annual income in the US until 2018. In addition, they also forecast the income in the succeeding years until 2025. This year, Walmart US is prediected to earn $356.91 billion — a 3.75% increase from 2019’s forecast. However, the forecast for year-on-year growth from 2021 onward sees an average rate of 2%[13].

Share of Walmart Sales by Division

Source: Walmart

Last year, Walmart’s reported annual revenue is $514.4 billion. Out of the 2019 revenue, $331.67 billion or roughly 65% is from Walmart US, $120.82 billion is from Walmart International, and $57.84 is from Sam’s Club[14].

Retail Trends in the 2020s

The arrival of various brands like Amazon and Alibaba shook the table. The eCommerce industry is on a roll these past few years as trends to keep raising customer satisfaction like AI chatbots and personalized shopping continue to become more widespread. However, brick-and-mortar retailers remain the first choice for shoppers. In effect, there are still a lot more trends that will affect the retail industry in the future.

Experts predict that as eCommerce brands expand, online stores are also predicted to open physical or pop-up stores. This is evident with Amazon’s 4-Star Stores, including Amazon Go and Amazon Books. Aside from that, traditional brick-and-mortar stores such as Walmart are incorporating some aspects of online shopping to improve customer experience. They equip their store employees with a device connected to their online store, allowing shoppers to select a product to receive it in their home or delivered to their chosen Walmart location.

Moreover, sales of private labels are rising according to the report by CB Insights. In fact, private labels sell three times as much as branded products. Millennials are the driving force behind this growth; on average, private labels comprise 25% of a typical shopping but for millennials, it’s 32%.

These are only a few of the looming trends that will be affecting the retail industry in the future. As the demand for retail shopping increases, more trends and buzzwords are sure to appear.

 


References:

  1. ^Total number of Walmart U.S. stores in the United States from 2012 to 2020, by type
  2. ^Number of Walmart Stores and an analysis of related Store Data
  3. ^The 10 states that spend the most money at Wal-Mart
  4. ^Walmart | Location Facts
  5. ^The Largest Employer in Every State
  6. ^Walmart Corporate
  7. ^Share of Walmart and Walmart Supercenter customers in the United States as of 2016, by ethnicity
  8. ^Share of Walmart and Walmart Supercenter customers in the United States as of 2016, by income
  9. ^Share of Walmart and Walmart Supercenter customers in the United States as of 2016, by age
  10. ^Share of Walmart and Walmart Supercenter customers in the United States as of 2016, by generation
  11. ^Brick-and-Mortar vs. Ecommerce Stores: How to Leverage the Best of Both
  12. ^Brand value of the 25 most valuable brands in 2020
  13. ^Revenue of Walmart in the United States from 2013 to 2018, with a forecast from 2019 to 2025
  14. ^Walmart’s net sales worldwide from fiscal year 2008 to 2020, by division
Jenny Chang

By Jenny Chang

Senior writer at FinancesOnline who writes about a wide range of SaaS and B2B products, including trends and issues on e-commerce, accounting and customer service software. She’s also covered a wide range of topics in business, science, and technology for websites in the U.S., Australia and Singapore, keeping tabs on edge tech like 3D printed health monitoring tattoos and SpaceX’s exploration plans.

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