Walmart bets $9 billion on remodelled 'stores of the future'
STORY: U.S. retail chain Walmart is looking to update its image from a discounter to a destinationIt's planning to upgrade and modernize 1,400 U.S. stores over two yearswith improved layouts, expanded product selections and new tech additionsOn Friday, 117 stores in 30 states will be re-launched showcasing the enhancementsWalmart's low-cost, low-margin groceries have been abig draw for Americans dealing with steep inflationBut the retailer also wants to become a destination for fashionable home goods and clothingWalmart executives say tests of theremodeled stores were a successA remodeled Teterboro, New Jersey Walmart saw a 20% rise in same-store salesIn 2022, the company boasted record sales surpassing $600 billion