Walmart is planning to expand its presence by opening new stores and expanding current locations. They also plan to install electric vehicle charging stations at their stores.
CNBC announced that the company plans to construct or transform 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 store with a "large-format" look like? Walmart has shared press images of its Supercenter design for these new stores, but they have not disclosed the specific locations where they will be built.
Walmart announced that certain locations will feature their new "Store of the Future" concept, which includes more displays and QR codes for customers to scan for more information about products. The company was already in the process of renovating 650 more locations to include this concept before the announcement was made on Wednesday.
In a statement released on Wednesday, Walmart's president and CEO John Furner highlighted the significant investment of money and resources made by the company in labor, supplies, and tax revenue. This investment has positive impacts on the communities where Walmart operates.
CNBC reported that the company chose not to disclose the price of the stores.
Electric Vehicle Charging Stations and Sustainability
Walmart has stated that their new stores will prioritize sustainability in their design. These locations will feature energy-efficient lighting and equipment.
Apart from focusing on sustainability measures indoors, Walmart is also planning to update its parking facilities. The company intends to install fast-charging stations for electric cars in the parking area.
Walmart is planning to create a network of fast-charging stations for electric vehicles across the country to make it easier for customers and employees to own and use electric vehicles. This initiative aims to make electric vehicle ownership more convenient and accessible for those who shop at Walmart.
According to CNBC, Walmart has over 4,600 stores across the United States and has a workforce of almost 1.6 million employees.
Check out the initial images of what the future Walmart store might look like. The photo gallery is credited to Rob Carroll.
Check out this list of 50 popular retail stores that have closed down. The credit for the gallery goes to Madison Troyer.
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