NEW YORK — Walmart has agreed to open at least 1,200 stores in the United States and Canada and may expand to more than 500 more, the company said Wednesday.
The announcement was a rare glimpse of the company’s future plans and comes as it struggles with the fallout from the mass shooting in Texas that left five police officers dead and two others injured.
Walmart spokeswoman Kelly Pappas said the company is committed to investing in its stores and expanding its reach around the world.
Wal-Mart, based in Bentonville, Ark., is among a handful of U.S. retailers that have expanded in recent years, offering prices that have been more affordable than their local competitors.
Its recent expansion, which will be a first for the nation’s largest retail retailer, was part of a broader strategy to build out its global footprint and grow its sales.
Walmarts stock was up about 3% in morning trading Wednesday.