Walmart, Sam’s Club make huge investment after disastrous flood | Official Website of Louis Velazquez, entrepreneur, finance guy and tech innovator

While many people across the U.S. were watching fireworks and celebrating the 4th of July weekend, an entire community was hit with a wave of devastation that no one saw coming.

A massive flash flood struck Central Texas in the early hours of the July 4 weekend, becoming one of the deadliest in the U.S. in the past century.

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Recent heavy rains in the area caused the Guadalupe River near San Antonio, Texas, to overflow by more than 26 feet.

Independence Day weekend is meant to be enjoyed and celebrated alongside loved ones, but for many, it has turned into a time of heartbreak, as they face some of the worst news of their lives.

The Texas floods have killed at least 95 people, with many being children, and the numbers are only expected to rise as many remain missing.

This is because Camp Mystic, an all-girls camp situated along the river in Kerr County and directly in the flood’s path, was among the most brutally hit.

Walmart makes a major commitment to support Texas flood relief efforts.

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Walmart has deep roots in Texas

Walmart (WMT) is the world’s largest retailer, with over 10,500 namesake stores worldwide and 600 Sam’s Clubs nationwide.

Although its stores and clubs can be found within 10 miles of nearly 90% of the U.S. population, Texas has the most locations out of any state, with 592 Walmart retail units and 81 Sam’s Clubs.

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Hence, the disastrous floods are a tragic event that Walmart felt deeply connected to and couldn’t just stand by and watch without doing anything to help.

The company made around $681 billion in revenue for the full year of 2024, so it was a no-brainer to give a piece of that fortune to the community that has made it the retail giant it is today, especially when a significant portion of its customers live near the affected area.

Walmart extends a major helping hand to those most affected by the Texas flood

Walmart, Sam’s Club, and the Walmart Foundation have committed to donating up to $500,000 in grants and in-kind donations to support Texas flood relief efforts after the devastating events that unfolded over the last few days.

The company is also encouraging the community to join this movement by matching up to $250,000 of all customer donations, which can be made via the Walmart and Salvation Army match campaign online or in-store at its Texas locations.

“We’re working hand-in-hand with local leaders and first responders to ensure help reaches those who need it most,” said Walmart U.S. CEO John Furner in a press release.

Additionally, Walmart, Sam’s Club, and the Walmart Foundation have collaborated with nonprofit organizations to provide even more support, including offering free meals with Operation BBQ Relief, providing laundry trucks and showers with Matthew 25: Ministries and Procter & Gamble, and funding American Red Cross and The Salvation Army with food, water, and other supplies.

“Our hearts go out to the families, associates, and members affected by this disaster,” said Sam’s Club President and CEO Chris Nicholas. “We will stand by the Kerrville community and help provide the resources and support they need as they recover and rebuild.”