ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Walmart Celebrates Grand Opening of South Carolina Import Distribution Center

New Ridgeville location provides business-friendly environment featuring convenient access to the Port of Charleston

This morning, Walmart associates and managers joined local residents and elected officials for the grand opening of Walmart’s highly anticipated $220 million Import Distribution Center in Ridgeville, S.C. The event featured remarks from Governor Henry McMaster and Mike Gray, SVP Supply Chain Operations, Walmart; as well as a congratulatory video from John Furner, President and CEO, Walmart; and concluded with a ribbon cutting ceremony.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220422005585/en/

Ridgeville, South Carolina (Photo: Business Wire)

Ridgeville, South Carolina (Photo: Business Wire)

“Our team of more than 980 associates from Dorchester County and the surrounding communities are excited to officially open the doors to our new Import Distribution Center,” said Jeff Holzbauer, general manager, Import Distribution Center #8980, Walmart U.S. “South Carolina is home to some of the country’s most convenient and efficient modes of transportation, including the Port of Charleston and Interstates 26 and 95. Being a member of this community means having the advantage of the region’s existing infrastructure as well as a pool of experienced associates familiar with it. Cutting this ribbon today signifies our commitment to that community.”

“Walmart has been a long-time partner of South Carolina, and as years have passed, they have continued to double-down on their commitment to our people and reinvest in our state,” said Governor Henry McMaster. “Walmart hasn’t only created thousands of jobs in our state – it has become an integral part of the communities in which it operates. Today’s celebration is the result of our state working hard to be the ideal place to do business and a company recognizing the benefit of having our incredibly skilled workforce and premier ports system in its backyard.”

Business Friendly Location Featuring Deep-Water Access

Dorchester County was selected as an ideal location due to South Carolina’s business friendly environment as well as the proximity to the nearby deep-water Port of Charleston. The new Import Distribution Center will store and sort imported goods that arrive through the Port of Charleston– the country’s eighth-largest port—for delivery to 850 regional Walmart and Sam’s Club locations across the Southeast. Once fully operational, the facility is expected to increase local port volumes by approximately five percent.

“Walmart is the recognized leader in supply chain innovation and performance. Having this world-class company choose our market for their seventh import distribution center is the ultimate vote of confidence in SC Ports and in South Carolina, further solidifying SC Ports as a leader in retail distribution,” SC Ports CEO Jim Newsome said. “The strategic investments we have made in port infrastructure enable SC Ports to support global retailers’ supply chains. We are thrilled to partner with Walmart to further their growth and impact for years to come.”

“We know our customers count on us for a broad assortment, and this new import distribution center will give us expanded access to seaports, in turn allowing us to deliver a wide selection of merchandise from around the globe,” said Mike Gray, SVP Supply Chain Operations, Walmart. “We also strive to be a store of the community and are proud of how we’ve been able to leverage our investments in supply chain to create economic opportunity and jobs for the Dorchester County area.”

Facility Surpasses Initial Hiring Goal

During the grand opening event, Holzbauer shared that the new facility is well on its way of surpassing its initial hiring goal of 1,000. Working alongside the Department of Commerce, Walmart expects to soon employ more than 1,300 local full-time associates at the new facility.

“We are actively staffing Ridgeville with a team that will play an important role in serving our customers,” said Andrew Dale, Senior Director of US Supply Chain People, Walmart U.S. “Walmart is dedicated to the training and development of its associates. Each of the positions we’re currently hiring for in Ridgeville, brings with it a pathway of lifelong career opportunity that with Walmart’s scale has industry changing impact. Walmart is full of everyday people doing extraordinary things.”

Continued Investment in South Carolina Community

During the grand opening ceremony, Walmart celebrated its commitment to the community by proudly presenting $10,000 to Going Places, a local non-profit organization whose mission is to bring joy to kids-in-need through the gift of bicycles.

“Dorchester County is excited to welcome the Walmart Import Distribution Center to Ridgeville. We value Walmart as a partner in community and economic development and appreciate their investment in our area,” said Bill Hearn, Chairman, Dorchester County Council. “A project of this magnitude requires a great deal of coordination, and we thank all of our allies, including the South Carolina Ports Authority, who made this possible.”

The new Ridgeville facility is located at 1030 Timothy Creek Rd. The three million square-foot facility (equivalent in size to 52 football fields) will become Walmart’s first Import Distribution Center in the state of South Carolina to leverage the port.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, approximately 230 million customers and members visit approximately 10,500 stores and clubs under 46 banners in 24 countries and eCommerce websites. With fiscal year 2022 revenue of $573 billion, Walmart employs 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.

About Walmart in South Carolina

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online and through their mobile devices. In South Carolina we serve customers at 122 retail units and online through Walmart Online Grocery, Walmart.com and our family of brands. We are proud to employ more than 35,000 associates in South Carolina. Walmart supports local businesses, spending $1.6 billion with South Carolina suppliers in FYE 2021 and supporting more than 22,000 South Carolina supplier jobs. Walmart continues to be a leader in employment opportunity, sustainability, and corporate philanthropy. In FY21, Walmart and the Walmart Foundation contributed more than $15 million in cash and in-kind donations to local nonprofits in South Carolina. Additional information about Walmart can be found by visiting our corporate website and our Instagram, Facebook and Twitter channels.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.32
+0.00 (0.00%)
AAPL  270.04
+0.00 (0.00%)
AMD  250.05
+0.00 (0.00%)
BAC  53.54
+0.00 (0.00%)
GOOG  278.06
+0.00 (0.00%)
META  627.32
+0.00 (0.00%)
MSFT  514.33
+0.00 (0.00%)
NVDA  198.69
+0.00 (0.00%)
ORCL  248.17
+0.00 (0.00%)
TSLA  444.26
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.