Wed, April 11, 2018
Walmart today announced it expects to spend an estimated $200 million over the next year in Florida through the opening and remodeling of 43 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 Walmart’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, 2018, 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 Florida.
“Making every day easier for busy families is at the forefront of everything we’re doing as a company,” said Elise Vasquez-Warner, a vice president and regional general manager for Walmart in Florida. “Customers have told us they want the convenience of shopping how, when and where they want. And, here in Florida, we’ll achieve that by building off the momentum we had last year, accelerating the rollout of customer-centered innovations, creating more than 1,000 jobs this year alone, and maintaining a sharp focus on improving our store experience.”
“The past year has seen Walmart make significant investments across Florida, and that commitment will continue well into 2019,” said Jaime Fernandez, Regional General Manager for Walmart stores in South Florida. “From launching new technologies to expanding our popular Grocery Pickup Service and remodeling existing stores, Walmart is taking steps to ensure the customer experience is fast and convenient.”