The Miami Entrepreneur

Walmart to open first of four high-tech fulfillment centers in Joliet, Illinois and create 1,000 new jobs

Read Time:38 Second

Walmart Inc. said Friday it is planning to build four new high-tech fulfillment centers, one of which will be located in Joliet, Illinois. The 1.1 million square-foot facility will open this summer and create 1,000 new jobs. Automation technology is expected to provide customers and loyalty program members in Illinois, Indiana and Wisconsin with access to next- or two-day shipping for many items, which will be a first for Walmart. Walmart shares were down 0.6% premarket, and have fallen 12% in the year to date, while the Dow Jones Industrial Average has fallen 8.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post American Eagle Outfitters announces moves to strengthen capital structure including $200 million ASR agreement
Next post Need to Know: Fink, Dimon and Musk have the blues. And one forecaster says they’re not gloomy enough