Wal-Mart opens 6th network warehouse

Wal-Mart Stores Inc. opened an e-commerce warehouse in Davenport, Fla., on Tuesday.

The facility, which is dedicated to fulfilling orders for Wal-Mart's e-commerce business, is situated on 50 acres and features two buildings that span about 2.2 million square feet. More than 550 workers are employed there and Wal-Mart said it plans to hire "at least 1,000 more" over the next year.

The e-commerce campus is the sixth in Wal-Mart's network, the first in Florida and part of a $450 million investment in the state in 2017-18, according to the Bentonville retailer.

Wal-Mart is continuing efforts to grow its online business, rapidly expanding its assortment and introducing initiatives such as two-day free shipping on orders over $35. The company also is offering customers discounts on certain products that are purchased online and collected at one of Wal-Mart's 4,500 stores.

Wal-Mart reported a 63 percent increase in e-commerce sales during the first quarter of the fiscal year and the company said most of the growth came from orders at Walmart.com.

Business on 07/19/2017

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