Walmart gives a first look at its sprawling new home office in Bentonville
The company hasn't announced the lead architect for this project. It also hasn't disclosed a price tag for the move. But Bartlett said it will fall into Walmart's "typical annual budgeting process" and that the company"feels good" about the capital it has on hand to pursue this. Since the move is happening in phases, the expenses will be spread over the span of a few years, not hitting on a particular quarter all at once.
Walmart also is still deciding what will become of its current home office once everyone has moved out of those buildings. Bartlett said it's likely those buildings will be demolished, but the company will work with city and state leaders to turn the area into something the surrounding community can use.
"I think [our founder] Sam Walton himself would say: 'Don't conflict history with what needs to be done in the future,'" he said. "We are a company that is aggressively on the move as we continue to shape ... the future of retail."Walmart says it's working with the local community to open up as much green space to nearby residents as possible.Source: WalmartInside, the new buildings will be constructed with open floor plans to encourage collaboration.
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