Walmart Stores (WMT) - Get Report CEO Doug McMillon penned a letter to employees on Friday detailing the retail giant's plans to open a new central headquarters in the company's home city of Bentonville, Arkansas 

The effort is in conjunction with Walmart's initiatives to be "curious, collaborative, agile and accountable," in order for the retail giant to prevail over time.

It's also in a pitched battle with Amazon.com  (AMZN) - Get Report .

"We intend to bring most of our Home Office associates in Northwest Arkansas onto a central campus with accommodations for a more digitally native workforce and space that encourages greater collaboration and speed," McMillon said.

"You'll see improved parking, meal services, fitness, and natural light - yes, natural light. Plus, the campus will be integrated into the community trail system, for easy walking and cycling access," he added.

The new space will also help Walmart get the most productivity out of its current team as well as attract new "high-quality" talent in the future.

Walmart expects the new office to be completed in five to seven years, with today's announcement officially kicking off that process.

Shares of Walmart were climbing higher in afternoon trading on Friday. 

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