Walmart is setting the stage to add town-center-style retail buildings to a dozen or more of its U.S. properties as part of its Walmart Reimagined campaign, which is aimed at reutilizing excess parking space and boosting store traffic.

December 7, 2018 Published by CP Voice

Walmart is setting the stage to add town-center-style retail buildings to a dozen or more of its U.S. properties as part of its Walmart Reimagined campaign, which is aimed at reutilizing excess parking space and boosting store traffic. The company is promoting these plans just as other large retailers are similarly pressing to extract additional revenue from their own existing real estate. Walmart unveiled its Walmart Town Center plan at the ICSC Southeast Conference & Deal Making, held in October in Atlanta, during a keynote speech by L.B. Johnson, Walmart’s vice president of U.S. realty operations.

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