Feb 1, 2024 - News

Walmart plans 150 U.S. store expansion

Worth Sparkman

An artists' rendering of a new Walmart Supercenter with cars parked in the foreground and the building in background. — A conceptual representation of a new Walmart Supercenter. Rendering: Courtesy of Walmart

Walmart said in a blog post Tuesday it will add or convert 150 U.S. stores by 2029.

Driving the news: The retailer laid the groundwork for the reveal in the past two weeks. First Walmart announced a hike in average pay for its store managers, then a stock grant program for the same group and finally a 3-to-1 stock split to make it easier for employees to buy shares.

Walmart also said it's raising the average hourly wage for front-line workers to $18 this month, up from $17.50.

The big picture: The company employs more than 1.6 million people, including nearly 56,000 in Arkansas.

🚧 Shopper beware: In addition to the 150 new stores, the company will continue remodeling 650 of its current stores in 47 states over the next year.

There are more than 4,600 Walmarts in the U.S.

The bottom line: New and remodeled stores will be an updated concept Walmart calls its store of the future.

The big-box layouts will have new paint, refreshed exteriors, new checkout designs and will be more welcoming in general, the company says.
Walmart spent more than $9 billion to upgrade 1,400 stores from 2021 to 2023.

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Walmart plans 150 U.S. store expansion

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