Walmart details capital investment plans for Texas, Florida, Ohio and other states
Walmart plans to spend invest more money in its stores in Texas this year than any other state.
The discounter detailed its spending plans for store openings and remodels along with in-store technology initiatives. The spend is part of Walmart’s total capital expenditures guidance of approximately $11.0 billion for its current fiscal year.
As previously announced, Walmart’s store spend this year is heavily weighed toward remodeling, with some 500 remodels and 20 openings planned. The retailer also plans to expand several in-store services, including adding more online grocery pickup locations, and more high-tech pickup towers.
Here is how the discounter’s plans shape up in several states:
• Texas: Walmart will invest $277 million in the Lone Star State to open four stores and remodel more than 40 locations, with many in the Dallas-Fort Worth area. Texas is Walmart’s largest state, with 508 Walmart stores, 85 Sam’s Club stores and 19 distribution centers.
• Florida: Walmart will spend about $200 million during the next year through the opening and remodeling of 43 stores in Florida.
New stores are planned for Central Florida (one), Jacksonville (two) and Miami-Fort Lauderdale (three), with remodels in in Central Florida, the Panhandle, Tampa Bay, West Palm Beach, and other parts of the state. Walmart will open a new distribution center in the City of Cocoa later this year.
• California: Walmart is making a $145 million investment in its California stores. The money will be used to remodel 33 stores in the state, and open a new location in Fresno.
• Ohio: Walmart will spend $94 million on its Ohio footprint, with 27 remodels planned.
• New Jersey: Walmart is spending $68 million to extend its presence in the Garden State. It will open one new store, in Mount Laurel, and remodel 11 existing sites.
No comments found
Bedgear ‘pops up’ to help consumers sleep better
A bedding brand that partners with the Boston Celtics and Dallas Mavericks is opening its first freestanding location.
Bedgear will open a pop-up shop on Newbury Street in Boston, on April 13. The store, which will be open for three months, will allow shoppers to test drive the brand’s pillows, mattresses, sheets, blankets, and other products. It offer personalized fit assessments so that consumers can find the bedding products that best suit their sleep position, body frame – even the temperature at which they sleep best.
In addition, interactive kiosk screens will showcase the latest technology in sleep innovation, including the brand’s patented ventilation fabrics that are designed to increase air flow and shift heat away from the head, neck and shoulders. The breathable fabric technology, used in all Bedgear products, prevents overheating in bed, ensuring less tossing and turning for the most comfortable night’s rest, according to the company.
No comments found