Walmart to upgrade 1,400 stores with $9 billion investment

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Walmart to upgrade 1,400 stores with $9 billion investment

© Reuters. FILE PHOTO: View of Walmart's newly remodeled Supercenter, in Teterboro, New Jersey, U.S., June 7, 2023. REUTERS/Siddharth Cavale/File Photo) on Monday said it is investing more than $9 billion over a two-year period to upgrade and modernize some U.S. stores with improved layouts, expanded product selections and new tech additions.

"These construction investments allow us to create more local jobs and make it easier for our associates to get customers what they want, when they want it," John Furner, chief executive officer of Walmart's U.S. business said. Now the Bentonville, Arkansas-based retailer wants to change its image from merely a steep discounter to a destination where customers can also purchase fashionable home goods and clothing.

Customers also will see increased check-out options, including staffed lanes and self-checkout areas, and more grab-and-go food and beverage options in its grocery areas.

 

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