This Massive Retailer Is Now Adding 150 New Stores

This massive retailer is now adding 150 new stores and remodeling a whopping 650 over the next five years, sources report.

Walmart plans to build or convert more than 150 stores over the next five years while continuing its program to remodel existing stores, reports Retail Touch Points.

Additionally, over the next 12 months 650 stores will be remodeled across 47 states and Puerto Rico.

In announcing the news, Walmart U.S. President and CEO John Furner placed a heavy emphasis on the job creation that will accompany these initiatives, pointing out that in addition to the “tens of thousands” of jobs that will be created in support of these infrastructure projects, each new location will also bring hundreds of new jobs to each store’s community.

“We directly employ approximately 1.6 million people in this country and support many more jobs beyond that,” said Furner in a blog post.

“Today, I’m proud to announce our support for even more jobs by expanding and modernizing the facilities most core to our business: our stores.

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.”

The first two new stores to open under the initiative will both be Neighborhood Markets, making their debuts this spring in Santa Rosa Beach, Fla. and Atlanta.

Furner said the company also is finalizing construction plans on 12 additional projects that will be started this year, as well as the conversion of one smaller store into a Walmart Supercenter.

However, the specific locations of these 13 additional projects were not shared.

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Also Read: SNAP Benefits Will Now Increase For The Year 2024

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Market News Today - This Massive Retailer Is Now Adding 150 New Stores.
Market News Today – This Massive Retailer Is Now Adding 150 New Stores.

A retailer with 507 locations will now close its anchor store after 45 years with liquidation sales underway, sources report.

Macy’s is permanently closing another of its 507 remaining nationwide department stores, The-Sun reports.

Liquidation sales are underway and will last eight to twelve weeks.

Macy’s has announced the closure of its store at Tallahassee’s Governor’s Square Mall in Florida.

A final date has not yet been shared, although it is expected to close in early spring, as per local station WCTV.

Macy’s is an anchor store of the mall and has been there in one form or another since 1979.

It originally opened as Maas Brothers, converting to Burdine’s in 1991, and then Burdine’s-Macy’s from 2003 to 2005, and has been just Macy’s ever since.

“The decision to close a store is always a difficult one, but Macy’s is grateful to have served our customers and the community,” a spokesperson told WCTV.

A clearance sale is currently underway and is expected to last eight to twelve weeks.

Once the Tallahassee store is gone, the nearest Macy’s in Florida will be over 180 miles away in Ocala.

Approximately 40 store employees have been affected by the closure, reports The-Sun.

Many shoppers in the state capital were disappointed to hear that their local store is closing down.

“Sad to see the decline of a one-time retail leader,” wrote one on X.

“I’ll miss the Tallahassee store!” posted another.

The Tallahassee store is one of five locations affected by the latest round of store closures announced by Macy’s.

A total of five stores are being shuttered as the company transitions to a new CEO, former Macy’s president Tony Spring.

The other four locations to close are in Arlington, Virginia; San Leandro, California; Lihue, Hawaii; and Simi Valley, California.

Macy’s has closed 100 stores since 2020, many of which were located in shopping malls.

Also Read: A Home Improvement Retailer Now Closes All 157 Stores

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Market News Today - This Massive Retailer Is Now Adding 150 New Stores.
Market News Today – This Massive Retailer Is Now Adding 150 New Stores.

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