Walmart on Monday unveiled a new logo for the first time in nearly two decades, saying the redesign highlights its evolution while also serving as a nod to its past.

Walmart is giving its logo the first facelift in nearly two decades, rolling out a new identity that is a subtle nod to its past.

Walmart has updated its logo for the first time in 20 years — and shoppers are seriously stunned. The retailer describes the new look as “a comprehensive brand refresh that reflects its evolution,” but many beg to differ.

Retailing giant Walmart has unveiled a new logo to start the new year. The "brand refresh" of its identity, as the chain is calling the move, includes some nods to its past.

Walmart is known not for making rash, sudden, bold moves. Rather, its M.O. is to deliberate on big changes it makes, a strategy that has generally paid off over time for the largest U.S. retailer.

Walmart has unveiled a fresh logo ... sort of. The company last redesigned its famous yellow emblem on a blue background in 2008. “Walmart is excited to announce a comprehensive brand refresh that reflects its evolution as a people-led, tech-powered omnichannel retailer,” the company said.

A prominent point of the online jokes centred around how much money it would have cost Walmart for this, with some netizens estimating “millions.”

Walmart is a well-known company all over the world. People recognize Walmart by the company's logo. At the same time, Walmart updated its logo for the first time in 17 years. Which has sparked a debate on social media.