Daily Newsletter

31 October 2023

Daily Newsletter

31 October 2023

Walmart to open 117 remodelled stores across the US

The retailer is investing more than $9bn over a two-year period to modernise more than 1,400 US stores.

Jangoulun Singsit October 31 2023

Walmart is set to open 117 remodelled stores in 30 US states this week, which is said to be the largest single-day rollout of grand reopenings in its history.

The scheduled reopening projects represent more than half $500m in investments.

Each reopening is part of Walmart’s Signature Experience, which aims to provide a seamless, high-quality shopping experience to customers.

The upgraded features in the stores include expanded layouts, wider product selections and modern technology intended to offer a convenient and enjoyable shopping experience.

Other features include new signage, larger online grocery pickup and delivery areas, new grab-and-go sections and new touchpoints.

Customers will also have access to the Walmart+ membership programme and Walmart Pay, the touch-free payment option through the Walmart app.

The company will welcome associates and customers into the improved Supercentres and neighbourhood markets on 3 November 2023.

The retailer is investing more than $9bn over a two-year period to upgrade and modernise more than 1,400 stores in the US.

However, Reuters cited a company spokesperson as saying that the company’s warehouse club chain, Sam’s Club, will not be part of the remodelling.

Customers can download the Walmart shopping features on the Walmart app through the Apple Store or Google Play.

The store modernising programme will continue next year across the country.

Walmart US chief executive officer John Furner said: "With nearly 90% of the US population living within ten miles of a Walmart, we understand how important our local stores are to customers and communities and these construction investments allow us to create more local jobs and make it easier for our associates to get customers what they want, when they want it.”

Earlier this month, Walmart revealed plans to open a new high-tech fulfilment centre in Stockton, California.

Traditional AI is here to stay in the retail and apparel space

Initially, retailers used AI for basic tasks, including inventory management and demand forecasting. However, its usage has now become more prevalent in other aspects such as personalized marketing, customer service, pricing optimization, and supply chain management. With the rise of ecommerce and the increasing importance of data-driven decision-making, AI adoption in retail and apparel has accelerated. The industry now relies on AI to enhance the shopping experience, optimize business operations, and gain an overall competitive edge.

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