Posted Oct 29, 2018, 5:28 PM
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Registered User
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Join Date: Jan 2015
Location: BC
Posts: 4,591
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US Walmart is building 'town centers' in its parking lots
Quote:
The retail giant is transforming extra parking lot space into "town centers" at Walmarts in several states. These new hubs would feature a "carefully curated mix" of "local, regional, and national" retail tenants, according to a website for the project, not to mention green spaces and, in certain cases, parking systems overhauled to better facilitate the store's grab-and-go services.
The Atlanta Business Chronicle reported that Walmart is looking to fill these town centers with restaurants, day care establishments, health clinics, bowling alleys, food trucks, bike rental stations, driving ranges, fuel stations, and more.
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"We want to provide community space, areas for the community to dwell — a farmer's market, an Easter egg hunt, trick or treating," LB Johnson, Walmart's vice president of US realty operations, told the audience at the 2018 International Council of Shopping Centers conference, according to the Atlanta Business Chronicle. "We want to provide pedestrian connectivity from our box to the experiential zones that are planned on our footprint. We want to augment these experiences and activities with more food and beverage, with health and fitness, essential services and entertainment."
In other words, certain Walmarts might start to resemble open-air malls more than standalone big-box stores, surrounded by chains like Shake Shack, Chipotle, and Orangetheory Fitness.
"We envision a more robust and dynamic shopping experience that combines entertainment venues, curated local food vendors, health and fitness services as well as recreational opportunities in a way that connects and engages with the community," a Walmart spokesperson told Business Insider.
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