Walmart is planning to expand by adding more stores and expanding some of their current locations. Additionally, they will be installing electric vehicle charging stations at some of their stores.
According to CNBC, the company plans to either construct new or renovate over 150 "large-format" stores in the United States within the next five years. The Associated Press stated that Walmart has not opened any new stores in the last three years.
What does a Walmart Supercenter look like in a large format? Walmart has released press images showcasing the design for their planned "large-format" stores, but they have not disclosed the cities where these stores will be located.
Walmart announced that their locations will feature the "Store of the Future" concept, 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 remodeling 650 locations to incorporate this concept.
According to Walmart's president and CEO, John Furner, the investments made by the company in terms of labor, supplies, and tax revenue amount to millions of dollars and bring benefits to the communities where they operate. This statement was released on Wednesday.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart is planning to incorporate sustainability into their new stores by focusing on energy-efficient lighting and equipment.
Aside from focusing on sustainability initiatives within its stores, Walmart is also planning to update its parking lot by installing fast-charging stations for electric vehicles.
In addition, Walmart is in the process of creating a widespread network of electric vehicle fast-charging stations that will offer affordable prices. This initiative aims 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 out the initial images of what the future Walmart store may look like. Photo credits go to Rob Carroll.
Check out this gallery showcasing 50 retail chains that were once popular but are no longer in existence. This gallery was created by Madison Troyer.
Additional content from Taste of Country can be found on their website. For more information