Walmart will open its first fulfillment center in Mississippi, creating 250 jobs

Walmart Inc. /zigman2/quotes/207374728/composite WMT +1.92% said Thursday that it will open its first fulfillment center in Mississippi, creating 250 full-time permanent jobs. Located in near Memphis in Olive Branch, the facility will span more than 1,000,000 square feet and will open in Spring 2022. Workers in Olive Branch will pack and ship items directly to customers, building out the supply chain network for Walmart's e-commerce business. Walmart already has three distribution centers, which send items to stores, 86 store locations and more than 25,000 employees in Mississippi. Walmart stock is down 1.1% over the past year while the benchmark Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.76% is up 12.3% for the period.

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Walmart Inc.

US : U.S.: NYSE

$ 128.42

+2.42 +1.92%

Volume: 7.26M

May 27, 2022 4:00p

P/E Ratio

27.64

Dividend Yield

1.74%

Market Cap

$346.85 billion

Rev. per Employee

$250,440

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Dow Jones Industrial Average

US : Dow Jones Global

33,212.96

+575.77 +1.76%

Volume: 328.27M

May 27, 2022 4:10p