Walmart is planning to expand its presence by adding more large stores and installing electric vehicle charging stations at some of its existing locations.
According to CNBC, the company is planning to either construct new or repurpose over 150 large stores in the United States within the next five years. The Associated Press noted that Walmart has not opened any new stores in the last three years.
Images released by Walmart show the design of their Supercenter for their upcoming "large-format" stores. The company has not disclosed the specific cities where these stores will be located.
Walmart announced that certain locations will feature their new "Store of the Future" concept, which includes more displays and QR codes for customers to scan and access more information about products. The company was already in the process of renovating 650 more locations to incorporate this concept before making the announcement on Wednesday.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant investment of money, resources, and tax revenue that the company has made in various communities.
CNBC reported that the company chose not to disclose the price of the stores.
The new Walmart stores will prioritize sustainability by incorporating energy-efficient lighting and equipment in their design.
Apart from focusing on sustainability initiatives inside its stores, Walmart is planning to upgrade its parking lot by installing fast-charging stations for electric cars.
Walmart is planning to create a nationwide network of affordable electric vehicle fast-charging stations to make it easier for Walmart customers and employees to own and use electric vehicles. This change is aimed at increasing convenience and accessibility for EV owners.
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 first images of what could be considered the future version of Walmart. The photos are credited to Rob Carroll.
Check out this gallery showcasing 50 retail chains that are no longer in existence. The credit for the gallery goes to Madison Troyer.
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