Walmart is expanding by adding more stores, as well as expanding some of their current locations. Additionally, they are planning to install electric vehicle charging stations at some of their stores.
CNBC stated that the company plans to construct or transform over 150 "large-format" stores throughout the United States within the next five years. The Associated Press reported that Walmart has not opened any new stores in the last three years.
Walmart has released press images showcasing its Supercenter design for the upcoming "large-format" stores. However, the company has not disclosed the specific cities where these stores will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, which will feature more displays and QR codes for customers to scan and access more information about products. Prior to this announcement, the retail giant was already in the process of remodeling 650 other locations to include this concept.
In a statement released on Wednesday, Walmart president and CEO John Furner mentioned that the company's investments in labor, supplies, and tax revenue amount to millions of dollars and have positive impacts on the communities they serve.
CNBC reported that the company chose not to disclose the prices of the stores.
Walmart has stated that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment.
Aside from focusing on sustainability initiatives indoors, Walmart is also planning to revamp its parking lot by installing rapid-charging stations for electric cars.
Find out more: Walmart is implementing another significant change that you may find appealing. The company is in the process of creating a network of affordable electric vehicle fast-charging stations across the country. This initiative is aimed at making electric vehicle ownership more convenient and accessible for both Walmart customers and employees.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of almost 1.6 million employees.
Check out the initial images of what the future Walmart store might look like. Photo credit goes to Rob Carroll.
Check out this gallery featuring 50 retail chains that are no longer in business. The credit for the gallery goes to Madison Troyer.
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