Walmart has outlined its growth plans for next year, intending to focus on international growth and store revamps in its domestic market.
In the US, Walmart will continue to focus on store revamps. By next month Walmart US will have completed Project Impact remodels at more than 30% of its 3,538 stores. It intends to accelerate the roll-out of new store designs and wants to remodel existing Supercenter stores.
Walmart also plans to aggressively invest in its international division, particularly in growth markets such as China and Brazil. New store openings are expected to add about 72.1 million sq ft to its overseas footprint in 2010, and about 81.8 million sq ft the following year.
“We will continue our organic growth strategy, with strong capital discipline and optimisation of our portfolio of formats and brands worldwide,” said Walmart International president and chief executive Doug McMillon.