Wal-Mart Stores Inc. name change to Walmart Inc. goes into effect Thursday

As of Thursday, Wal-Mart Stores Inc. will be known as Walmart Inc. the company said in an 8-K filing. The name change was previously announced. The shift is seen as one more competitive effort against e-commerce giant Amazon.com Inc. “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,” Walmart Chief Executive Doug McMillon told The Wall Street Journal at the time. Walmart shares are down 0.6% in Thursday trading, but up 60% for the past year. The Dow Jones Industrial Average is up 31.5% for the last 12 months.

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