Times are changing, according to Wal-Mart, and that calls for a major office upgrade.
The Arkansas-retailer is planning to build a new, central headquarters in its hometown of Bentonville. And the announcement comes only days after Wal-Mart’s biggest retail rival, Amazon, announced its plans to open a second U.S. headquarters.
“For some time now, we’ve been concerned that this ad hoc office network actually inhibits our ability to compete in the rapidly changing retail landscape,” Wal-Mart CEO Doug McMillon wrote in a note to employees on the company’s website.
Currently, Wal-Mart operates a slew of more than 20 smaller office buildings throughout the state. But McMillon said that has become “expensive and inefficient to maintain.”
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