In a vote of confidence for bricks-and-mortar retail, Walmart has announced that it will add 150 large-format stores over the next five years.
John Furner, president and CEO of Walmart U.S., also said in a statement on Wednesday that the retail giant will remodel 650 of its existing stores during the next 12 months.
Most of the 150 stores in the expansion will be newly built, the balance will involve conversions of smaller stores into Walmart Supercenters. The first two new stores will open later this spring in Santa Rosa Beach, FL and Atlanta.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
