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Walmart is growing and with it comes a growing presence in the food business. Bruce Peterson, Wal-Mart's head of beef merchandising, talks with BEEF.
Walmart Is Expanding Worldwide
It's no secret that Walmart is expanding. The company plans to open approximately 45 to 55 new discount stores and 200 to 210 new Supercenters this year in the U.S. It also plans to construct three new regional general merchandise distribution centers and six new food distribution centers during the next fiscal year.
Walmart is due to expand its Neighborhood Market concept with 20 to 25 new units in the upcoming fiscal year. Sam's Club division will open 40 to 45 domestic clubs, most of which will be relocations or expansions of existing facilities.
Walmart International plans to open 120 to 130 units in existing markets. The announced units include two restaurant formats, specialty apparel retail stores and supermarkets in Mexico.