Wal-Mart to Build New Headquarters in Bentonville
Wal-Mart Stores Inc. plans to build a new headquarters in Bentonville, CEO Doug McMillon announced to employees on Friday. The…
Wal-Mart Stores Inc. plans to build a new headquarters in Bentonville, CEO Doug McMillon announced to employees on Friday.
The publicly traded company (NYSE: WMT) aims to consolidate operations now spread among 20 buildings in Bentonville, including a main building at 702 SW 8th St. The project, expected to take shape in phases over five to seven years, doesn’t have a price tag yet.
Wal-Mart said its new headquarters will be located on a 350-acre tract on the east side of J Street, between Central Avenue and Highway 102. The retailer said it is beginning the process of working with city and state officials and other stakeholders to move the project ahead.
The new facility will include a 1.9 million-SF distribution center. A Wal-Mart spokesman said the retailer will apply for incentives offered through the Arkansas Economic Development Commission.
“You’ll see improved parking, meal services, fitness, and natural light – yes, natural light,” McMillon said in his address to employees. “Plus, the campus will be integrated into the community trail system, for easy walking and cycling access. The combined changes will help us get the most out of our existing team, while helping us attract high-quality talent in the future.”
In a statement on its website, the retailer said the move is part of its “strategy to win.”
“The new facilities will help accelerate change, accommodate a more digitally native workforce, and encourage more collaboration and speed,” the company said. “The combined changes will help us get the most out of our existing teams, and also help us attract the next generation of talent we need to compete.”
Wal-Mart has been in its current headquarters since at least 1971. It opened as a 72,000-SF building with few frills, not even carpeting, which founder Sam Walton considered a waste of money. The company went public that same year.
Arkansas Business will update this story.
Source: Arkansas Business Wal-Mart to Build New Headquarters in Bentonville