Walmart is planning to expand their retail presence by adding more large stores and installing electric vehicle charging stations at some of their current locations.
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 mentioned that Walmart has not opened any new stores in the last three years.
Images released by Walmart showcase the design of their Supercenter for their upcoming "large-format" stores. The company has not disclosed the specific locations of these stores yet.
Walmart announced that their locations will now feature their "Store of the Future" concept, which includes more displays and QR codes for customers to scan and access more information about products. Prior to this announcement, Walmart was already in the process of remodeling an additional 650 locations to incorporate 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. These investments have positive impacts on the communities where Walmart operates.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has revealed plans to design their new stores with a focus on sustainability. These locations will feature energy-efficient lighting and equipment to reduce their environmental impact.
Aside from focusing on sustainability measures indoors, Walmart is also planning to redesign its parking lot. The company has announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of affordable electric vehicle fast-charging stations across the country to make it easier for their 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 almost 1.6 million employees.
Check out the initial images of what the future Walmart store could look like. Photo credit goes to Rob Carroll.
Check out this gallery of 50 retail chains that used to be popular but are no longer in business. Created by Madison Troyer.
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