Walmart’s massive five-year plan will include building or converting 150 stores into larger format locations. The project will start with two southeast locations.
Announced in a blog post from Walmart U.S. President and CEO John Furner, the nation’s largest private employer will open its first two new stores, both Neighborhood Market formats, this spring - one in Santa Rosa Beach, Florida and another in Atlanta Georgia. Walmart is also finalizing construction plans on 12 new projects that will start in 2024, as well as converting one of its smaller locations to a Walmart Supercenter. Those locations haven’t been announced.
“These efforts represent millions of dollars in capital investment of labor, supplies and tax revenue, which benefit their respective communities. And they’ll help us reach and serve even more customers,” Furner said.
Also, in the next year, Walmart plans to remodel 650 stores across 47 states.
“Our new and remodeled stores will reflect Walmart’s Store of the Future concept, featuring improved layouts, expanded product selections and innovative technology to help our associates better support our customers and make shopping more convenient and enjoyable,” Furner wrote.
Announced last year, the revamp includes new paint and fixtures, updated flooring and renovated restrooms, more lighting and signage and display changes designed to help customers “touch, feel and become part of the space.”
The projects represent an investment of more than $9 billion over two years and will include more than 1,400 stores.
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