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The memorial is in the early stages of planning and the company is seeking input from the design community, said Randy Hargrove, senior director of national media relations at Walmart.
Walmart also discussed with employees how to manage the memorial.
"Our goal is to establish a memorial that honors the victims, recognizes the binational relationship between El Paso and Ciudad Juarez, and celebrates the strength of the El Paso community," Hargrove said.
Hargrove said Walmart would take the store "into the chests and rebuild it wholesale."
The company informed the mayor and city council of its plans on Wednesday, Hargrove said.
About 93% of store employees currently work in other locations.
"They wanted to go back to work in a store," Hargrove said. "They want to go back to work here."
"Nothing will erase the pain of August 3 and we hope that the reopening of the store will be another testament to the strength and resilience that characterized the community of El Paso as a result of this tragedy," he said. Hargrove.
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