Walmart officially opened its next-generation Supercenter at 10000 Omni Drive in Jacksonville’s Oakleaf community, marking the retailer’s third major Florida launch in the past month following a Supercenter in Apollo Beach and a Neighborhood Market in Ocala. The 187,000-square-foot store employs over 350 associates, including 75 new hires, and features fresh grocery departments, self-checkout kiosks, expanded health services and integrated pickup and delivery bays. In a grand-opening celebration, Walmart recognized ten long-tenured associates with over 20 years of service and awarded community grants totaling $50,000 to five local nonprofits focused on education and food security.

During intraday trading on February 3, Walmart’s market capitalization surpassed the $1 trillion threshold for the first time, making it the first traditional retailer to achieve this milestone. The rally reflects a more than 28% gain in Walmart’s share value over the past year and builds on a 13.3% advance year-to-date, outpacing the broader market. Investors have credited Walmart’s rapid e-commerce expansion—now offering same-day delivery to over 95% of U.S. households—its growing digital advertising arm, and the rollout of AI-powered tools such as the Sparky shopping assistant. The company’s pivot to the Nasdaq Global Select Market in December underscores its strategic emphasis on technology and omnichannel integration.

On February 1, Walmart named John Furner, former CEO of its U.S. operations, as its new global CEO, succeeding Doug McMillon after 12 years at the helm. Furner immediately reorganized the executive team to centralize Walmart Connect (the advertising business), Walmart+ memberships and data products under a new chief growth officer. The membership program ended January with 28.4 million subscribers, up 15% year-over-year, driven by enhanced delivery accuracy and the launch of the OnePay credit card offering 5% back on Walmart purchases. Under Furner, analysts expect continued margin expansion from high-growth segments while maintaining everyday-low-price leadership in the 5,000+ U.S. stores and nearly 11,000 locations worldwide.