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.

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.

Walmart’s latest brand and logo update has left some social media users baffled. On Jan. 13, the company announced in a press release on its website that it was launching a “comprehensive brand refresh” to show how Walmart and its brand have evolved since being founded in Bentonville,

Walmart's "brand refresh" has left many people online underwhelmed. The retail giant announced on Monday they redesigned its famous yellow emblem on a blue background. The updated logo is a thicker rendition of the figure designed to resemble Walmart founder Sam Walton’s “classic trucker hat.