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Walmart Announces The Construction of 4 E-Commerce Warehouses Creating +4k Jobs – $WMT $DIA

By John F. Heerdink, Jr.

As per reports, Walmart Stores, Inc. (WMT) to build four new e-commerce warehouses in a push to speed deliveries, with the help of an automated system to pick out items while also creating more than 4,000 jobs. The company informed, in combination with traditional fulfillment centers, that the new facilities will enable Walmart to reach 95% of the US population with next- or two-day shipping.

Walmart is strengthening its delivery capabilities to keep up in online sales with rivals. The new warehouses, developed with technology partner Knapp will ease the strain on employees by reducing a manual 12-step process for fulfilling orders to just five, meaning less walking and lifting.

The retailer did not comment on how much it will invest in the project. The first warehouse will open in Joliet, Illinois. Over three years, additional centers will be built in Indiana, Pennsylvania, and Texas.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

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(Read Original Story: Walmart to Add Four E-Commerce Warehouses to Speed Deliveries in Bloomberg)


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