Walmart to build or convert 150-plus stores in next 5 years. It hasn’t opened new stores in 3 years

Walmart plans to build or convert more than 150 stores in the next five years, while continuing to remodel existing stores. In 2016, Walmart announced it was slowing its new store opening s and instead investing in its online efforts, technology and store remodels as it aimed to be more competitive with online behemoth Amazon. The news comes as the Bentonville, Arkansas-based chain, like many other retailers, is relying more on its physical stores to fulfill online orders and use them as online pickup locations.