Current:Home > ContactWalmart stores to be remodeled in almost every state; 150 new locations coming in next 5 years -Wealth Legacy Solutions
Walmart stores to be remodeled in almost every state; 150 new locations coming in next 5 years
View
Date:2025-04-17 18:40:48
Days after announcing pay raises for employees and stock options for store managers, Walmart has announced plans to remodel hundreds of existing stores and open more than 100 stores over the next five years.
In a blog post Wednesday, John Furner, president and CEO of Walmart U.S., said the company is planning to planning to build or convert more than 150 stores in the next five years, starting with opening two new stores this spring. Both will be the smaller-format Neighborhood Markets, and will open in Santa Rosa Beach, Florida and Atlanta, Georgia.
Walmart is also finalizing construction plans on 12 new projects to start this year, Furner wrote, including converting a smaller location to a Walmart Supercenter.
In addition, Furner said Walmart will remodel 650 existing stores across 47 states and in Puerto Rico over the next 12 months.
Walmart stock split:What the retail giant's 3-for-1 split means for investors
What does Walmart's Store of the Future look like?
First announced in 2023, the Store of the Future concept is for brick-and-mortar Walmart stores. Through upgrades and renovations, it aims to "deliver a more modern shopping experience," according to the company.
"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," Furner wrote.
Inside, the stores will have new paint, new signs and more shopping carts, as well as a new checkout design at the front of the stores. The stores will also be laid out to give more space to both shoppers and employees.
Walmart's pharmacies will be expanded, moving to the front of the store with private screening rooms. The vision centers will also be updated, and will offering an expanded assortment of designer eyeglasses and sunglasses, plus prescription options.
Stores will add corner displays where customers can interact with items, and other departments are pulling big merchandise from boxes and placing them straight onto shelves. Walmart said it is adding "digital touchpoints" throughout stores to provide more information on products and services.
Walmart promises pay raises to new and existing employees, stock options for store managers
Starting Feb. 1, the base pay for Walmart store managers will increase from $117,000 to $128,000 a year, and depending on a store's profit, annual bonuses could reach up to 200% of a store manager's salary. Walmart said it will invest in its non-salary workers by increasing the hourly wage to over $18.
Furner also announced in January that store managers will receive an annual grant of Walmart stock starting in April. The amount is based on store format, and superstore managers, the largest stores that Walmart operates, will receive $20,000 in stock every year.
Contributing: Emilee Coblentz, USA TODAY.
veryGood! (3)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter
- Own a home or trying to buy or sell one? Watch out for these scams
- When does a presumptive nominee become a nominee? Here’s how Donald Trump will make it official
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- At the Trump rally, it was evening sun, songs and blue sky. Then came bullets, screams and blood
- TikToker Bella Brave Dead at 10 After Heartbreaking Health Battle
- First Tulsa Race Massacre victim from mass graves identified as World War I veteran after letter from 1936 found
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- As a Nevada Community Fights a Lithium Mine, a Rare Fish and Its Haven Could Be an Ace in the Hole
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Exes Camila Cabello and Shawn Mendes Reunite at Copa America Final Match
- Rebuilding coastal communities after hurricanes is complex, and can change the character of a place
- Millions remain under heat alerts as 'dangerous' weather scorches Midwest, East Coast
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- 3 adults found dead after an early morning apartment fire in suburban Phoenix
- New California law bans rules requiring schools to notify parents of child’s pronoun change
- Floor fights, boos and a too-long kiss. How the dramatic and the bizarre define convention history
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
FACT FOCUS: A look at false claims around the assassination attempt on former President Trump
Get 60% Off SKIMS, 50% Off Old Navy, 50% Off Le Creuset, 25% Off Disney, 75% off Gap & More Deals
At least 7 dead after separate shootings in Birmingham, Alabama, authorities say
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Nate Diaz suing co-promoter of Jorge Masvidal fight for $9 million
Watch: Satellite video tracks Beryl's path tearing through the Atlantic, Caribbean and U.S.
Aegon survived! 'House of the Dragon' star on Episode 5 dragon fallout