Walmart is investing $450 million throughout Florida, and in the coming months, it will announce the official grand opening of its 150-acre ecommerce Distribution Center campus in Davenport, which has recently been certified as fully operational.
An excerpt of the press release follows:
The world’s largest retailer announced its statewide growth and investment plans for the state of Florida, which will result in an economic impact well over $450 million. The plan will expand the company’s more than 375 facility footprint in Florida and build on the continued positive momentum in U.S. sales, customer traffic and customer feedback noted in the company’s most recent earnings report.
2017-2018 Florida Investments
The positive business climate in Florida has enabled Walmart to create thousands of local jobs, invest millions in infrastructure and test innovative ways to serve its customers. In an effort to continue its growth and investment in the Sunshine State, Walmart has finalized, or is planning, the following investments across Florida this fiscal year. (Feb. 1, 2017 through Jan. 31, 2018):
- Open nine new stores across the state, creating more than 800 jobs statewide.
- Execute a multi-million-dollar capital investment plan by remodeling more than 40 locations across the state.
- In the coming months, the company will announce the official grand opening of its 150-acre eCommerce Distribution Center campus in Davenport, which has recently been certified as fully operational.
- Currently employing more than 550 recently hired associates with plans to hire at least 1,000 more over the next year.
- Approximate investment of more than $300 million with two buildings spanning more than 2.2 million sq. ft.
- The company is also confirming its plans to break ground later this year on a new Distribution Center for perishable goods in the City of Cocoa.
- The company plans to employ more than 450 associates once fully operational.
- The company is planning an investment of more than $145 million on the 640,000 sq. ft. facility.
“This year has been an exciting one for Walmart in Florida, and we’ll build on that momentum as we continue to focus on how to better serve our customers through innovation and investments so they can save both time and money,” said Elise Vasquez-Warner, Walmart’s Vice President and Regional General Manager in North Florida. “We’ve had a sharp focus on making our store experience second to none and our customers are telling us that our plan is working. Our team is energized and we’re looking forward to exceeding our customer’s expectations for what a great Walmart shopping experience can be like.”
Walmart’s 2017-2018 investment plans build on Walmart’s growth last year in Florida, which included:
- Hiring more than 3,225 Floridians by opening more than 20 stores/clubs across the state.
- Investing millions of dollars in more than 30 store remodels across the state.
- The expansion of its Online Grocery Pickup service to 70 stores and the launch of Walmart Pay statewide.
- Opening a state-of-the-art Supercenter in Lake Nona with some of the newest shopping innovations in retail. The store showcases new approaches to technologies, services, products and store layout, which will be tested with customers and evaluated for potential implementation in other locations across the country.
Source: Walmart Press Release