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Walmart announced a $9 billion investment on Monday to revamp and modernize several of its US stores over the next two years.
The retail giant, which aims to remodel over 1,400 of its 4,717 stores nationwide, will debut these changes in 117 stores across 30 states this Friday, reflecting an initial expenditure of over $500 million.
Customers can anticipate many enhancements in the refurbished stores: a contemporary aesthetic marked by new paint, modernized restrooms, updated flooring, and brighter LED lighting for improved in-store navigation. Additionally, Walmart is amplifying its check-out provisions with more manned and self-service lanes, broadening its quick-pick food and drink offerings, and expanding its pharmacy sections. The revamped spaces will also feature digital displays and QR codes to guide shoppers to Walmart’s online services.
In a statement, Walmart CEO John Furner said, “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.”
Riding the wave of record sales exceeding $600 billion in 2022, primarily attributed to its affordable grocery offerings during a time of pronounced inflation, Walmart is now pivoting to redefine its brand image. Beyond being seen as a primary budget-friendly destination, the retailer, headquartered in Bentonville, Arkansas, aspires to become a go-to for stylish home products and apparel.
An earlier pilot project, dubbed “Stores of the Future,” was trialed in select Walmart Supercenters and, due to its success – with some locations like Teterboro in New Jersey seeing sales soar by up to 20% – the company has decided to implement this concept on a national scale.