Walmart Details Store Investment Plans for 2018

Source: Chain Store Age, Friday, Apr 13, 2018

Walmart has unveiled its store network plans for 2018, as part of its capex guidance. Total capex for the fiscal year is USD11 billion. Walmart’s spend for this year is heavily weighted towards store remodels, 500 of which are slated for the next twelve months. For comparison, the world’s largest retailer only plans to open 20 stores in the next twelve months. It also plans to expand several instore services, add more online pickup locations and continue the rollout of its pickup towers.