Walmart is expanding by adding more "large" stores and installing electric vehicle charging stations. Their plan includes both opening new locations and expanding current ones.
CNBC announced that the company plans to construct or change over 150 "large-format" stores throughout the United States within the next five years. The Associated Press stated that Walmart has not inaugurated any new stores in the last three years.
Images provided by Walmart show the design of their Supercenter stores, which are considered to be "large-format". The company has not disclosed which cities will host these new stores.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, which includes more displays and QR codes for customers to scan for more information about products. Prior to this announcement, Walmart was already in the process of renovating 650 more locations to include this concept.
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 puts into benefiting the communities where its stores are located.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart revealed that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment.
Aside from focusing on sustainability measures indoors, Walmart is also planning to make changes to its parking lot. They have announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a wide-reaching network of fast-charging stations for electric vehicles. This initiative aims to make it easier and more feasible for Walmart customers and employees to own and use electric vehicles.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of nearly 1.6 million employees.
Check out the initial images of what the future Walmart could look like. The gallery credit goes to Rob Carroll.
Check out this gallery featuring 50 retail chains that are no longer in existence. Credit for the gallery goes to Madison Troyer.
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