Wal-Mart Stores, Inc., d.b.a. Walmart /ˈwɔːlmɑrt/, is an American multinational retail corporation that operates a chain of discount department stores and warehouse stores. Headquartered in Bentonville, Arkansas, United States, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It has over 11,000 stores in 28 countries, under a total of 65 banners. The company operates under the Walmart name in the United States and Canada.