What: Walmart's investments of over USD 500 million to upgrade 117 of its stores across 30 states as part of a  larger plan to modernize over 1,400 stores in the US, with a total investment of more than USD 9 billion over two years.

Why it is important: Walmart's construction investments in store upgrades will create more local jobs and make it easier for associates to meet customer demands.

The upgraded stores feature improved layouts, wider product selections, and various technological enhancements as part of Walmart's "Signature Experience" initiative to enhance the shopping experience. Some of the improvements include interactive corner displays, larger pharmacies, rooms for nursing parents, QR codes and digital screens with helpful information for shoppers, and a Dollar Shop with seasonal products. Walmart considers its network of brick-and-mortar locations to be key nodes in its omnichannel operations.

The company aims to serve customers better by offering larger online grocery pickup and delivery areas, a grab-and-go section for quick meal options, refreshed exteriors and interiors, and a new checkout design based on customer feedback.

Walmart invests over $500M to upgrade 117 stores