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Walmart seeks ambitious brick-and-mortar expansion with plans to open 150 new stores

Thursday, Feb 1, 2024

Walmart has recently announced an ambitious brick-and-mortar growth plan to open 150 new stores over the next five years. The company will also remodel stores across 47 states within the next 12 months to improve their physical store format. 

Walmart’s first two new stores will open this spring in Santa Rosa Beach, Florida, and Atlanta. 

“We’ve made, and are making, strategic investments to build a stronger, more resilient, and more profitable Walmart,” Walmart’s global communications director Josh Havens said in an email. “Adding new stores, and modernizing our existing ones, will better enable us to meet our customers where, when and how they prefer to shop with us.”

Walmart currently operates 4,616 locations in the US, employing more than 1.6 million people. Their new remodeling initiative and expansion plan will create thousands of more jobs. 

The past year year was strong for Walmart, marking $160.8 billion in revenue during the third quarter, up 5% from 2022, and an all time high for the stock in November. The first few weeks of 2024 show no signs of slowing down for the company. 

Source: Walmart Expansion – Forbes
Photo Credit: Walmart Stores – CNN

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