Melissa Repko of CNBC reports that Walmart is looking to expand its footprint by adding more than 150 large-format stores over the next five years. Repko writes:
Walmart already has a huge U.S. footprint. But the retail giant sees room to get even bigger.
The company plans to build or convert more than 150 large-format stores over the next five years, it said Wednesday. Some of the locations will be expanded from a smaller location into a Supercenter with a full range of groceries and merchandise, but the majority will be new stores, Josh Havens, a company spokesman, said.
Walmart declined to say how much the new stores will cost and where they will be located. The company already has more than 4,600 stores across the country, and nearly 600 Sam’s Club warehouses. Sam’s Club also is in expansion mode, with plans to open more than 30 new stores in the U.S. […]
Furner said the new stores will reflect Walmart’s more modern look, which it is rolling out more broadly. The “store of the future” design has a sleeker layout that emphasizes the retailer’s fashion-forward apparel brands, adds technology like scannable QR codes and features sharper signage.
New stores will also have more sustainability features, such as energy-efficient lighting, he said.
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