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Walmart Plans Major U.S. Expansion with Over 150 New Stores

The retail giant's five-year plan includes new stores, conversions, and a large-scale remodeling project, signaling confidence in brick-and-mortar retail.

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A Walmart in Wilmington, Del.
FILE - A Walmart sign is displayed over the entrance to a store on June 25, 2019 in Pittsburgh. Walmart is raising the starting base pay for store managers, while redesigning its bonus plan that will put more of an emphasis on profits for these leaders. The moves, announced Thursday, Jan. 18, 2024, will be effective Feb. 1. (AP Photo/Gene J. Puskar, File)

Overview

  • Walmart plans to open or expand more than 150 stores in the U.S. over the next five years, marking a significant change in strategy for the retail giant.
  • The company's expansion plan includes the construction of new stores and the conversion of existing ones into larger formats, with the first two new stores set to open in Florida and Georgia this spring.
  • In addition to the new stores, Walmart also plans to remodel 650 existing stores across 47 states and Puerto Rico over the next 12 months.
  • The new and remodeled stores will feature Walmart’s 'Store of the Future' concept, which promises innovative technology and improved product layouts.
  • The expansion plan represents a significant investment and is expected to create tens of thousands of jobs.