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Exciting news for retail! As per Retail Dive, Walmart unveiled an ambitious plan to build and revamp over 150 stores in the next five years. That's a lot of new space and a thrilling opportunity for growth - but also a logistical challenge. How can SASR assist in this nationwide expansion? Here's where we come in: Expertise in New Store Openings: Our extensive experience ensures a smooth transition – from initial staffing to grand opening; we'll manage the workforce needs meticulously. Flexible Solutions: Whether you need short-term help for opening week or long-term hires for ongoing operations, we adapt to your specific requirements. National Reach: With a vast network across the US, we can quickly mobilize and support your store openings nationwide. Keep the excitement of expansion from becoming a staffing headache. Partner with SASR and focus on the grand opening celebration while we handle the workforce magic behind the scenes. https://zurl.co/aR1U

Retail giant Walmart is planning to build or convert more than 150 stores over the next five years in a bid to beef up its customer base and fuel growth.Most of that number will be made up of new builds, though the retailer will also convert some existing stores to Supercenters, which are Walmart's largest offerings featuring groceries, apparel, pharmacies, auto services and more.New stores will be either Supercenters or smaller Neighborhood Markets.In addition to its new and converted stores, the company also plans to remodel 650 stores across 47 states and Puerto Rico in the next 12 months.The company projects that the construction and remodeling efforts will create tens of thousands of jobs. Walmart will design the new facilities with a focus on sustainability, including energy-efficient equipment and lighting and lower-impact refrigerants, according. The retailer also reaffirmed its plans to develop a nationwide network of electric vehicle fast-charging stations at its stores. The first two new stores under this initiative are set to open this spring in Santa Rosa Beach, Florida, and Atlanta. Walmart is also finalizing construction plans on 12 additional new projects it intends to start this year. The store launches will mark the first time Walmart has opened new retail locations since November 2021. #cre #commercialrealestate #Commercialrealestateadviser #Retailrealestate #retail

Retail giant Walmart is planning to build or convert more than 150 stores over the next five years in a bid to beef up its customer base and fuel growth.Most of that number will be made up of new builds, though the retailer will also convert some existing stores to Supercenters, which are Walmart's largest offerings featuring groceries, apparel, pharmacies, auto services and more.New stores will be either Supercenters or smaller Neighborhood Markets.In addition to its new and converted stores, the company also plans to remodel 650 stores across 47 states and Puerto Rico in the next 12 months.The company projects that the construction and remodeling efforts will create tens of thousands of jobs. Walmart will design the new facilities with a focus on sustainability, including energy-efficient equipment and lighting and lower-impact refrigerants, according. The retailer also reaffirmed its plans to develop a nationwide network of electric vehicle fast-charging stations at its stores. The first two new stores under this initiative are set to open this spring in Santa Rosa Beach, Florida, and Atlanta. Walmart is also finalizing construction plans on 12 additional new projects it intends to start this year. The store launches will mark the first time Walmart has opened new retail locations since November 2021. #cre #commercialrealestate #Commercialrealestateadviser #Retailrealestate #retail

Let's talk Walmart: Thriving in the ever-evolving #retail industry, the supply chain and retail giant, Walmart announces their ambitious growth plans. Expect to see over 150 up-fits in a push to "modernize" their existing stores, coupled with 30, and counting, Sam's Club units planned for the near future. #cre #commercialrealestate #retailrealestate #retailer #growth #expansion #upfit

Walmart's Game-Changing Moves: What Property Owners Need to Know! 🏢🚀 Do you know about Walmart's latest moves and how it could impact your investment? 🤔 I’m Ray and I work with Walmart occupied property owners and landlords. Walmart is not just expanding; they're optimizing their entire operational strategy. Over the next five years, they're planning to build or convert more than 150 larger-format stores and remodel 928 stores and clubs within the next year alone. 🏬🔄 Their strategic shift includes leveraging their store locations to boost e-commerce efficiency. They’ve managed to cut last-mile delivery costs by 20% and now offer same-day delivery from 90% of their stores. 🚚💨 - In terms of upcoming projects, Walmart is set to finalize construction on 12 new projects this year and convert one smaller location into a Supercenter. Additionally, two new Neighborhood Markets will open this spring in Santa Rosa Beach, Florida, and Atlanta, Georgia. 🏗️🌟 - Their capital expenditures for FY2024 will be between $20-24 billion, focusing on technology, supply chain improvements, and customer-facing initiatives. 💡💼 Walmart's strategy and upcoming projects are set to enhance their market presence and operational efficiency. For property owners, this translates into stronger performing properties and further opportunities. 📈🏡 www.shopcenterpros.com https://lnkd.in/g6tD-vBa #WalmartExpansion #CommercialRealEstate #PropertyInvestment #RetailGrowth #EcommerceBoost #RealEstateNews #WalmartSupercenter #NeighborhoodMarkets #InvestmentOpportunity #RetailStrategy #RealEstateUpdates #PropertyOwners #InvestmentGrowth #WalmartProjects #RetailIndustry #RayKang #RayCREBroker #MarcusAndMillichap #Texas #TexasCommercialProperty

MORE WALMARTS IN NORTH TEXAS: The world's largest retailer is bringing three more stores to Dallas' suburbs! This expands Walmart's footprint in DFW, even as the metroplex already houses more Walmart stores than any other metro area in the country! According to the Dallas Business Journal, the new stores are coming to Frisco, Melissa, and Celina, with construction expected to begin this summer. This is all part of the retailer's plan to build more Walmart Supercenters across the nation, and they're focusing on a spot that is seeing historic levels of population surge. This is just more good news for the DFW area, as Slaughter Investing uses the creation of Walmart or big grocery stores (like HEB which is also expanding it's footprint here) as one of its key metrics for a boom market or a pre-boom market. Are you ready to join the ranks of North Texas investors? Start by booking a consult call with Leah at https://lnkd.in/gbiZFWxU! For just $125, she'll analyze your investments one by one and tell you how you can transform your portfolio into a wealth-building machine! READ MORE ABOUT WALMART: https://lnkd.in/eF9MfJ_x

MORE WALMARTS IN NORTH TEXAS: The world's largest retailer is bringing three more stores to Dallas' suburbs! This expands Walmart's footprint in DFW, even as the metroplex already houses more Walmart stores than any other metro area in the country! According to the Dallas Business Journal, the new stores are coming to Frisco, Melissa, and Celina, with construction expected to begin this summer. This is all part of the retailer's plan to build more Walmart Supercenters across the nation, and they're focusing on a spot that is seeing historic levels of population surge. This is just more good news for the DFW area, as Slaughter Investing uses the creation of Walmart or big grocery stores (like HEB which is also expanding it's footprint here) as one of its key metrics for a boom market or a pre-boom market. Are you ready to join the ranks of North Texas investors? Start by booking a consult call with Leah at https://lnkd.in/gVhxJ4cm! For just $125, she'll analyze your investments one by one and tell you how you can transform your portfolio into a wealth-building machine! READ MORE ABOUT WALMART: https://lnkd.in/e3_JXSC3

Wondering why Walmart is scaling up its Neighborhood Market presence? Walmart has launched a larger format for its Neighborhood Market stores, starting with new locations in Santa Rosa Beach, Fla., and Atlanta’s Vine City neighborhood. These stores are part of a five-year plan to open or convert over 150 locations. What are the underlying motivations behind this expansion? The company's strategic rationale behind this move is multifaceted. Recognizing the limitations posed by market saturation in certain locales for its traditional big box supercenters, Walmart aims to leverage smaller store formats like the Neighborhood Market to sustain its market dominance and foster continued growth. This strategic pivot underscores Walmart's commitment to optimizing its retail footprint to effectively compete with both discount retailers and smaller grocers and fit into the local community seamlessly. The new stores, each with 57,000 sq. ft. of sales floor space, are 17,000 sq. ft. larger than the average Neighborhood Market. This expanded space allows for a broader product assortment, especially in fresh departments like bakery, produce, meat, and dairy. The larger format also includes more room for pickup and delivery services, enhancing convenience for customers. 👉 Click link for details: https://lnkd.in/gnZpcVfF #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #walmart #neighborhoodmarket

Kmart is closing its last big-box store in the contiguous U.S., employees with the company told CBS MoneyWatch, capping the retreat of what was once America's dominant discount retailer. Kmart will shutter its location at Bridgehampton Commons mall in Bridgehampton, New York, on October 20, two workers at the store said. The location is the retailer's only remaining full-size store in the U.S. Kimco Realty, the real estate investment trust that owns Bridgehampton Commons, confirmed that Kmart is leaving the shopping center. A representative for Transformco, Kmart's owner, did not immediately respond to a request for comment. The department store chain will continue to operate a reduced-size location in Miami, Florida. The retailer also operates in Guam and the U.S. Virgin Islands. Kmart opened its first store in Garden City, Michigan, in 1962. And two decades ago, the company still operated 1,400 stores across the U.S., although its sales were sagging amid rising competition from industry players such as Costco and Walmart, along with the advent of e-commerce. An $11 billion merger in 2005 with another fading retail brand, Sears, led by hedge fund manager Eddie Lampert failed to stanch the bleeding. A range of retailers, including Bed, Bath & Beyond, Rite Aid, CVS Health and Foot Locker, shut a total of 4,600 stores in 2023, up 80% from the previous year. #store #Kmart #retail #shopping #Sears

Reuters reported that "Target said on Tuesday that it would open more than 300 predominantly full-size stores over the next decade, for instance". While Macy's is growing by Shrinking, @Target is growing by adding new stores. "The Minneapolis-based chain plans to add more sections for food in the new stores, after generating $8 billion in additional sales from that category since 2019. Once developed, the new Target stores are expected to boost sales by $15 billion annually." "The addition of big stores, most to be larger than the chain's average stores of 120,000 square feet, is a departure from its recent strategy of opening small-box stores in urban locations, analyst Edward Yruma of Piper Sandler & Co noted at a Target investor meeting in New York following its holiday quarter results. For instance, Target last year announced plans to open six new stores in New York City, many of them smaller in footprint than a regular big-box Target store." Target published a list of upcoming stores and I looked at what type of locations they are opening. While there are some smaller stores still in the pipeline, Target plans moving forward is to lean to the larger 150,000 sf store Link to Targets new store openings from Target https://lnkd.in/dqrBkZX Link to Reuters article in comments.