In its smallest new store expansion effort since the 1970s, the world’s largest retailer will continue its aggressive store remodeling program of the past five years. Walmart, which will open fewer than 25 new stores nationally (a mix of Neighborhood Markets and SuperCenters including one in Mount Laurel, NJ in the next two months), will invest $169 million to refurbish 40 existing units in New Jersey, New York and Pennsylvania over the next 12 months as part of the retailer’s $11 billion capital budget for fiscal 2019.
A large part of that budget is devoted to the continuing improvement of its digital platform which since 2016, when it acquired jet.com, has focused on enhancing and expanding its ecommerce initiatives both for grocery delivery and in conjunction with its more than 5,300 stores in the U.S.
And in line with those initiatives, Walmart will be expanding its use of scan & go in-store ordering, and utilization of pickup towers in conjunction with online ordering at many of the remodeled units.
As for its aggressive remodeling plan in three of the most densely populated states where it does business, Walmart will spend $68 million to upgrade 11 Garden State stores located in: Brick, Boonton, Cinnaminson, Howell, Kearny, Lumberton, Marlton, North Brunswick, Rio Grande, Turnersville and Woodbridge. Walmart operates 73 stores in New Jersey.
In New York, Walmart will invest $52 million on 15 remodels in: Amsterdam, Auburn, East Greenbush, Fishkill, Geneva, Glenmont, Greece, Half Moon, Islandia, Johnson City, Oneida, Seneca Falls, Valley Stream, Waterloo and Watkins Glen. The world’s largest merchant currently operates 116 in the Empire State.
Pennsylvania will see $49 million spent on 14 remodels over the next year. Those stores are located in: Bensalem, Bethlehem, Bloomsburg, Corry, Easton, Ephrata, Greenville, Hermitage, Milford, North Huntingdon, Pittsburgh, Shippensburg, Taylor and Waynesburg. Walmart runs 162 units in Pennsylvania.
In neighboring states, Walmart said it will spend $28 million on upgrades for eight of its Maryland stores and $75 million to remodel 13 Virginia stores. No stores in Delaware or the six New England states, where its presence is among the smallest in the country (on a per capita basis), were targeted for store remodelings.