Both the remodels and the new locations will have the new “Store of the Future concept” from Walmart.
That includes updated layouts from previous stores with new technology, expanded inventory, and more.
ADVANCED OFFERINGS
The first location with the “Store of the Future” concept opened in April 2024 and included an interactive concierge service.
There was also updated lighting, new signage, and digital maps to help customers navigate the store.
Despite controversy over self-checkout, Walmart also included more of the kiosks in the “Store of the Future” along with a 5,000 square-foot automated warehouse for online delivery and pickup orders.
One of the most notable additions to the concept was a new counter area at the front of the store that serves hot meals for shoppers on the go.
SALES STRUGGLE
Walmart’s plans come as it, among other giants including Target, continue to struggle with a variety of economic factors.
High inflation, rising operational costs, and changes in preferences are getting consumers to hold off on spending, as noted by CEO Doug McMillion during an earnings call in March.
The retail giant is currently dealing with about a $22 billion dip in its valuation.
Share prices also dipped by about 3%.
This was after Amazon surpassed Walmart in quarterly revenue for the first time ever in February.
Still, Walmart continues to offer deals to customers to draw them in and spend money this month.
A handy vacation essential that’s $93 cheaper than at Macy’s and perfect for summer travel is flying off shelves, for example.
There’s also a five-piece gardening set that’s over $100 cheaper at Walmart than Home Depot.
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