Walmart to build or convert 150-plus stores in next 5 years. It hasn’t opened new stores in 3 years
NEW YORK — Walmart said Wednesday it plans to build or convert more than 150 stores in the next five years, while remodeling existing stores. In a memo shared with The Associated Press, John Furner, president and CEO of Walmart’s U.S. division, said that the first two new stores under this initiative, both Neighborhood Markets, are set to open later this spring in Atlanta and Santa Rosa Beach, Florida. It’s also finalizing construction plans on 12 new store projects to start this year, along with converting one of its smaller locations to a Walmart Supercenter. Its new and remodeled stores will reflect Walmart’s new concept, featuring improved layouts, expanded product selections and new technology to help workers better help customers and make shopping more convenient, the company said.
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