Walmart announced it expects to spend an estimated $68 million in New Jersey during the next year through the opening, expansion and remodeling of 12 stores as well as the rollout of several in-store and online innovations designed to help busy customers save time and money. The spend is part of the retailer’s total capital expenditures guidance of approximately $11.0 billion for Fiscal Year 2019, which was outlined last October at the company’s annual meeting for the investment community and reiterated in February 2018.
Walmart recently reported strong comp sales growth of 2.1% for the fiscal year ending Jan. 31, indicating customers are responding well to the company’s business strategy. The plan is to continue improving stores and accelerating innovation during the coming year to make shopping faster and easier for customers in New Jersey.
“At Walmart, we’re always seeking opportunities to improve, in every facet of what we do,” said Glen Spencer, a Walmart regional manager in New Jersey. “This multimillion dollar commitment to our stores and technology will provide customers with a significantly enhanced shopping experience, whether they’re in one of our stores, or making a purchase online.”
2018 New Store Construction, Expansion and Remodels in New Jersey
Walmart plans to build, expand and remodel stores in the following locations:
2018 In-store and Online Innovations in New Jersey
Walmart continues to innovate how it serves customers, helping them save time and money by creating a seamless shopping experience that empowers customers to shop when, where and how they want.
In addition to continuing to test new technologies that transform how customers shop, the company plans to expand several innovative services that deliver greater convenience and faster services, including:
(1) Online Grocery Pickup
(2) Walmart Pickup Towers
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