Walmart to remodel 650 stores over next year; plans to add 150 stores over next 5 years

Walmart over the next five years will be adding more than 150 stores across the country while also planning to remodel hundreds of stores.

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The company said that over the next year, they will remodel 650 stores in 47 states as well as Puerto Rico, creating “tens of thousands of jobs.”

“These efforts represent millions of dollars in capital investment of labor, supplies and tax revenue, which benefit their respective communities. And they’ll help us reach and serve even more customers,” John Furner, president and CEO of Walmart’s U.S. division said in a news release.

Walmart said in a staff memo obtained by The Wall Street Journal that it will be opening 12 new stores in 2024 and will be turning a single smaller location into a Walmart Supercenter.

The first new stores are expected to open sometime in the spring in Florida and Georgia, the Times reported.

“We plan to build new stores in a way that we have not done in many years,” said a Walmart spokeswoman told The Wall Street Journal.

“Our new and remodeled stores will reflect Walmart’s Store of the Future concept, featuring improved layouts, expanded product selections and innovative technology to help our associates better support our customers and make shopping more convenient and enjoyable. Customers love this concept in the places we’ve already rolled it out, and we’re excited to transition more and more of our fleet,” the company said.

Walmart had more than 4,600 stores in the United States as of Oct. 2023, about 100 fewer than the year before, The New York Times reported.

Walmart has not opened a new store in the U.S. since the end of 2021, the Times reported.

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