The buy-side continues to keep us on our toes, and amongst retailers, Walmart is making its presence known with an expansive eye on the Florida market.
Details have been released for two new distribution centers in the state, one in Cocoa and one in Davenport, totaling an almost $600 million investment by the retailer.
The groundwork for the new state-of-the-art distribution facility in Cocoa is set to span 460,000-square-feet, according to news source Area Development, to support growing demand of both online and in-store purchases.
With a construction capital investment of $133 million, and an additional $15 million in equipment, will bring upwards of 460 employees into a ‘high-tech work environment.’ The cutting-edge building is named as a refrigerated warehouse whose groundbreaking is on Walmart’s list for big moves in Florida per a recent release. Additional investments for the Sunshine State for 2017/2018 include:
The Davenport location will primarily serve as an e-commerce fulfillment center. A $450 million project, the company expects to employ upwards of 1,500 workers in Polk County.
“This campus is just the latest example of Walmart’s commitment to offering customers fast shipping on items they need every day,” SVP of its U.S. e-Commerce Supply Chain, Nate Faust, said on the new Davenport center. “We’re excited not only about the economic impact our facility has had, and will continue to have, in the community, but also how it will help us empower our customers to shop when and how they want.”
The Cocoa distribution center, specified for perishable goods, should be up and running by the end of 2018.
As the company continues to unveil strategic growth strategies, keep checking in with Deli Market News.