It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by sourdiesel
I bet they are trying to just update the image to fit in with the other shops.
Wal-Mart to remodel 1,800 stores
Drug Store News
Wednesday, February 8, 2006
Wal-Mart this year will begin an 18-month remodeling program that touches 1,800 stores and, according to vice chairman John Menzer, is the most significant remodeling undertaking in company history.
His comments came Tuesday evening at the Citigroup 2006 Retail Field Trip and Conference in South Florida where Menzer noted the remodeling program is part of a broader effort to upgrade costumers' experience in Wal-Mart stores by improving the layout and appearance of the apparel department, upgrading bathrooms and eliminating clutter. The look of the remodeled stores is intended to mirror a supercenter that opened roughly a year ago in Rogers, Ark., near Wal-Mart headquarters.
Menzer's wide-ranging comments also touched on an operational realignment, new marketing initiatives, RFID, health care and the issue of sustainability.
As for store growth, Menzer said in the most recently ended fiscal year, the company opened 341 new stores, of which 267 are domestic supercenters. Those new units encompassed approximately 55 million square feet of additional selling space. This year, Menzer reaffirmed Wal-Mart's commitment to add between 335 to 370 stores, of which 270 to 280 units will be supercenters.
In total, Wal-Mart plans to open 60 million square feet in new stores this year.
To provide investors some clarity on Wal-Mart's ability to maintain such significant growth, Menzer noted that Wal-Mart's real estate committee, which meets monthly, has approved plans for 1,500 stores in the United Sates. He did not specify a time frame in which those stores would open, but did say Wal-Mart will likely open more stores in 2007 than it plans to in 2006.