Walmart announced plans to invest over $9 billion to renovate and modernize more than 1,400 stores in thirty states.Walmart announced plans to invest over $9 billion to renovate and modernize more than 1,400 stores in thirty states. The program will run for two years.
This week, Walmart is celebrating the opening of 117 stores with a $500 million investment.
According to the company, stores have been remodeled with better layouts, expanded merchandise assortments and various technological improvements as part of its Signature Experience initiative to enhance the customer experience.
Store improvements include interactive corner displays, larger pharmacies, nursing rooms, QR codes and digital screens with helpful information for shoppers, and a Dollar Shop with seasonal merchandise at the store entrance.
Walmart continues to focus on physical stores, calling retail a "key link" in omnichannel. Over the next five years, the company plans to allocate 90% of its capital expenditures to "high-return areas such as e-commerce, supply chain and store investments."
“With nearly 90% of the U.S. population living within 10 miles of a Walmart, we understand how important our local stores are to customers and communities, and these construction investments allow us to create more local jobs and make it easier for our associates to get customers what they want, when they want it,” said in a statement about the reopenings.