Walmart will invest an estimated $200 million over the next year in Florida with the retailer planning new store openings and remodels of more than 40 locations in the Sunshine State.
According to the company, six new stores are planned for 2018 with one store located in central Florida, two in Jacksonville and three in the Miami-Fort Lauderdale region. In addition, 43 current locations will undergo a facelift.
“Customers have told us they want the convenience of shopping how, when and where they want,” said Elise Vasquez-Warner, a vp/regional general manager for Walmart in Florida. “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 remodels will take place at 12 stores in central Florida, three in Jacksonville, one in the Panhandle region, one in Southwest Florida, 12 in Tampa Bay, four in the Miami-Ft. Lauderdale region and four in West Palm Beach.
The new store opening and remodeling effort is part of Walmart’s total capital expenditures guidance of approximately $11 billion for fiscal year 2019, which was outlined this past October at the company’s annual meeting for the investment community.