Latest news with #CypressSupercenter
Miami Herald
06-05-2025
- Business
- Miami Herald
Walmart makes surprising business move after 4-year halt
Business Walmart makes surprising business move after 4-year halt In an uncertain economy and under the pressure of an ongoing trade war, many retailers have focused on scaling back other investments to restructure their supply chains. These circumstances have moved innovation to the back burner, while putting many employees at risk of losing their jobs. However, Walmart is taking a different approach. Don't miss the move: Subscribe to TheStreet's free daily newsletter In January last year, Walmart unveiled its "Investing in America" plan. This multi-million-dollar strategy aims to create more jobs and enhance customers' shopping experience by expanding and modernizing its facilities nationwide. Related: Popular formerly bankrupt retail chain makes brick-and-mortar comeback As part of the initiative, Walmart wants to build or convert more than 150 stores and remodel existing ones over the next five years. Within that year, Walmart remodeled 650 stores in 47 states and Puerto Rico and created thousands of new jobs. Walmart opens its first Supercenter in four years with exciting upgrades Walmart (WMT) will open its newest Supercenter in Cypress, Texas, but this addition is much more than a regular store opening. The Cypress Supercenter marks the retailer's first ground-up Supercenter in four years and the first new-construction "Store of the Future" in the U.S., reaffirming the retail giant's long-term commitment to growing, modernizing, and strengthening local economies. This Supercenter was designed to better meet consumers' needs through a more convenient and seamless shopping experience. It features reimagined layouts, expanded services, innovative technology, and a showcase of local Texas-based suppliers. Related: Walmart makes major store changes to answer Target Unlike other Walmart locations, the Cypress Supercenter has a broader product assortment across popular categories and provides customers new ways to shop and save. Customers will find QR codes throughout the store that can be scanned and give access to more products. But that's not all. This new location has a fuel station, an autocare center, a modern pharmacy with a health services room and drive-thru, a revamped vision center with expanded services, and a mothers' room. Walmart is also introducing new additions that are popular among the community, including a Hispanic bakery section, a fresh tortilla maker, a sushi station, and an in-store Dunkin'. To continue emphasizing modernization, customers can use the Walmart App to engage with the store, including scheduling TV mounting, enhancing registries, or booking tire installation. This location has digital shelf labels and updated Walmart branding as well. "This store was built with the customer in mind. It's part of a larger transformation happening across our stores as we reimagine what shopping looks like for the future. It shows what's possible when innovation meets intention," said Walmart U.S. President and CEO John Furner. Walmart plans to bring more jobs with the opening of nine new locations The opening of this new Warmart Supercenter benefits the retailer and the community since it brings over 300 jobs to the region for in-store roles and potential partners. "A new store means new opportunities," said Furner, "not only for associates starting or continuing a career, but for small businesses and service partners that will grow alongside the store." More Retail News: Walmart also revealed it plans to open four new Supercenters in Frisco, Texas; Melissa, Texas; Eagle Mountain, Utah; and Eastvale, California. In addition, it will convert two locations in Mountain View, California, and East Windsor, New Jersey, into Supercenters, and debut Neighborhood Markets in Tuscaloosa, Alabama; Milton, Florida; and Pace, Florida. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published May 6, 2025 at 1:07 PM.
Miami Herald
05-05-2025
- Business
- Miami Herald
Walmart opens first new Supercenter in 4 years
Dive Brief: Part of a larger multimillion-dollar modernization plan, Walmart opened its first ground-up Supercenter store in four years and its first under the "Store of the Future" model in the U.S., according to a Wednesday press new space - located in Cypress, Texas - features a full-service fuel station, an updated vision care center, storewide digital shelf labels and more. Additionally, the store caters to regional preferences with additions such as a Hispanic bakery section and a fresh tortilla retailer plans to open four additional Supercenters across the U.S. in 2025 and convert two existing stores into full Supercenters. Dive Insight: Walmart is going big on store innovation as it acts on its 2025 growth plans. "This store was built with the customer in mind," Walmart U.S. CEO John Furner said in a statement. "It's part of a larger transformation happening across our stores as we reimagine what shopping looks like for the future." The Cypress Supercenter offers the ability for customers to schedule TV mounting, update registries and book tire installation via the retailer's app. It also features "elevated departments in Fashion, Baby, Home and Pets," per the release, as well as a Dunkin'. At Walmart's investor day in April, Furner told attendees that the company plans to open a dozen more stores this year, adding to its existing fleet of about 4,600 locations across the U.S. Walmart isn't just growing its Supercenter footprint in the U.S., either. The retailer announced in April that it would also expand its Supercenter efforts in Mexico. Walmart of Mexico and Central America said it would invest $6 billion to open new stores under the Bodega Aurrera, Sam's Club, Walmart Supercenters and Walmart Express banners. While the retailer's physical footprint is a core component of its business, e-commerce is thriving for Walmart in the U.S. Online sales are anticipated to turn a profit this year and in Q1, e-commerce is already in the black, per executives during the investor day. At its stores across the country, grocery continues to be a main driver of its success. The business segment brought in $276 billion in net sales for its fiscal year 2025 and accounted for nearly 60% of the retailer's annual net sales of $462 billion. Copyright 2025 Industry Dive. All rights reserved.
