ORLANDO, FLA.--(BUSINESS WIRE)--
The world’s largest retailer today announced its statewide growth and investment plans for the state of Florida, which will result in an economic impact well over $450 million. The plan will expand the company’s more than 375 facility footprint in Florida and build on the continued positive momentum in U.S. sales, customer traffic and customer feedback noted in the company’s most recent earnings report.
2017-2018 Florida Investments
The positive business climate in Florida has enabled Walmart to create thousands of local jobs, invest millions in infrastructure and test innovative ways to serve its customers. In an effort to continue its growth and investment in the Sunshine State, Walmart has finalized, or is planning, the following investments across Florida this fiscal year. (Feb. 1, 2017 through Jan. 31, 2018):
“This year has been an exciting one for Walmart in Florida, and we’ll build on that momentum as we continue to focus on how to better serve our customers through innovation and investments so they can save both time and money,” said Elise Vasquez-Warner, Walmart’s Vice President and Regional General Manager in North Florida. “We’ve had a sharp focus on making our store experience second to none and our customers are telling us that our plan is working. Our team is energized and we’re looking forward to exceeding our customer’s expectations for what a great Walmart shopping experience can be like.”
Walmart’s 2017-2018 investment plans build on Walmart’s growth last year in Florida, which included:
The following illustrates Walmart’s local impact on key issues in the Global Responsibility Report:
Opportunity: Associate Training, Education and Wages
Walmart is addressing barriers that can impede career advancement for associates. In FY2017, Walmart completed a $2.7 billion investment in U.S. associates that included increases in training, education and higher wages. FY17 achievements in Florida included:
Community: Making a Difference & Giving Back
In FY17, Walmart and the Walmart Foundation invested more than $1.4 billion in communities worldwide, including more than $82 million in cash and in-kind contributions to non-profits throughout Florida.
As the nation’s largest grocer, Walmart is uniquely positioned to support organizations that are on the front lines in the fight against hunger. In addition to donating more than 45 million pounds of food to local Florida food banks – equivalent to more than 37.5 million meals – Walmart and the Walmart Foundation donated more than $50 million toward hunger relief efforts across Florida in FY17, including more than $700,000 for after school and breakfast in the classroom programs.
Walmart also engages customers across the country in making an impact on hunger in their local communities. In the U.S., Walmart stores and Sam’s Club locations teamed up with customers and participating suppliers to support Feeding America through the “Fight Hunger. Spark Change.” campaign, raising more than $17 million in funds in FY17, including funds for the following Florida Feeding America affiliate food banks:
Walmart associates are deeply engaged in their communities and in FY17, associates overall volunteered more than 1.2 million hours generating more than $12 million in Walmart donations, including more than 74,000 hours with local non-profits and charitable causes in Florida, marking another way in which the company supports and impacts the local communities it serves.
About Walmart in Florida
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online and through their mobile devices. In Florida, we serve customers at 375 retail units and online through Walmart Grocery Pickup, Walmart.com and Jet.com. We are proud to employ more than 108,000 associates in Florida. Learn more at the Walmart Today blog, and on our Facebook, Twitter, Pinterest, and Instagram channels. Walmart opened its first store in Florida in 1982.
Copyright Business Wire 2017