Sarah Nassauer of The Wall Street Journal tells her readers how the retail giant Walmart is changing its tactics, reversing a strategy it had once focused on of keeping its store count flat. Nassuaer writes:
It has been a while since Walmart felt it was too small.
The retail giant plans to open or expand 150 stores in the U.S. over the next five years, reversing a strategy that had focused on keeping its store count flat. Most stores targeted in the project will be new locations.
Walmart in 2016 began to slow new store openings as it worked to fend off Amazon.com, saying it aimed to invest in online growth, along with improving existing stores. By the end of 2019 that trickle slowed to a near halt as existing real-estate projects wrapped up. It hasn’t opened a new U.S. supercenter in about two years. […]
Walmart is also working to attract and retain store managers as the company expands its base of locations. The company recently sweetened bonuses for its store managers, promising the best ones annual compensation topping $400,000.
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