Walmart is planning to expand their retail presence by adding more larger stores and installing electric vehicle charging stations at some of their current locations.
According to CNBC, the company plans to either construct new or renovate over 150 "big-box" stores in the United States within the next five years. The Associated Press noted that Walmart has not opened any new stores within the last three years.
Images released by Walmart showcase the design of its Supercenter stores that are considered "large-format". The company has not disclosed the specific locations where these stores will be built.
Walmart announced that their locations will feature the "Store of the Future" concept, which includes more displays and QR codes for customers to scan and access more information about products. Before the recent announcement, the retail giant was already remodeling 650 locations to incorporate this concept.
Walmart president and CEO John Furner stated that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where they operate. This statement was released on Wednesday.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has stated that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment throughout the locations.
Apart from focusing on sustainability measures indoors, Walmart is also planning to revamp its parking lot. They have announced intentions to install rapid-charging stations for electric cars.
Walmart is currently working on creating a nationwide network of low-cost electric vehicle fast-charging stations in order to make owning an electric vehicle 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 individuals.
Check it out: The first images of what the future Walmart store may look like have been released. The photo gallery was credited to Rob Carroll
Check out this gallery of 50 retail chains that were once popular but have now closed down. This collection was put together by Madison Troyer.
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