Report: Walmart To Build New Corporate Headquarters

Eight days after Amazon said it was looking for a second headquarters in the U.S., Walmart is reportedly moving forward on plans to consolidate its Bentonville operations.

CNBC on Friday reported that Walmart has announced plans to construct a central headquarters in its hometown. The retailer currently operates some 20 small offices located throughout Arkansas.

The report cited an internal note from CEO Doug McMillon to employees, which in part read, “For some time now, we’ve been concerned that this ad hoc office network actually inhibits our ability to compete in the rapidly changing retail landscape.”

The plan is to shift most of its headquarters associates to Northwest Arkansas with the company hopeful of attracting “high-quality talent.” The project is expected to take between five and seven years.