The retailer boasted in a news release that the new look reflects its evolution. Walmart applauded its colour palette (true blue and spark yellow), font ("everyday sans") and trademark "spark" symbol,

Walmart has unveiled its new logo, which consists of a new font, image and color palette, on Monday, Jan. 13, however some people on the internet shared that they thought it looked too similar to its old one.

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.