Walmart is expanding its store presence by adding larger stores and installing electric vehicle charging stations. They have a strong strategy in place to not only open new stores but also expand their current locations.
According to CNBC, the company plans to either construct new or renovate over 150 large stores in the United States within the next five years. The Associated Press also stated that Walmart has not opened any new stores in the last three years.
The appearance of a "large-format" Walmart can be seen in press images released by the company, showcasing its Supercenter design. The specific locations of these planned stores have not been disclosed by Walmart.
Walmart announced that they will be implementing their "Store of the Future" concept in various locations, featuring more displays and QR codes for customers to scan for more information about products. Before this announcement, the company was already in the process of remodeling 650 locations to include this concept.
According to a statement released by Walmart president and CEO John Furner, the company has invested millions of dollars in labor, supplies, and tax revenue in order to benefit the communities where their stores are located.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
The new Walmart stores will focus on 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 by installing fast-charging stations for electric cars.
Walmart is working on creating a network of affordable electric vehicle fast-charging stations across the country. The goal is to make electric vehicle ownership more convenient and accessible for 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 employees.
Check out the initial images of what the future Walmart store may look like. Photos were taken by Rob Carroll.
Check out a list of 50 retail chains that are no longer in business, curated by Madison Troyer.
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