Walmart announces ambitious 5-year growth plan

By: Trademagazin editor Date: 2024. 02. 01. 09:06

The retailer aims to build or convert more than 150 locations by 2029 and remodel 650 stores during the next 12 months.

Walmart announced Wednesday a five-year plan to build or convert more than 150 locations while simultaneously continuing its efforts to remodel existing stores. Over the next 12 months, the retail giant said it aims to remodel 650 stores across 47 states and Puerto Rico. The company last opened a supercenter nearly two years ago, according to The Wall Street Journal.

Both new and remodeled Walmart stores will reflect the retailer’s “Store of the Future” concept, with improved layouts, expanded product selections and innovative technology to support associates as well as make shopping trips more convenient, according to the announcement.

The newly opened and remodeled locations are also more sustainable than previous builds, with energy-efficient equipment and lighting, lower-impact refrigerants and more, according to the announcement. Walmart also noted it is currently developing a coast-to-coast network of affordable electrical vehicle fast charging stations for its customers.

Walmart said its expansion efforts will benefit communities by creating tens of thousands of jobs.

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