Walmart is expanding by adding more large stores and also installing electric vehicle charging stations. Their plan includes growing both new and existing locations.
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 is the appearance of a "large-format" Walmart store? Walmart has shared press images of its Supercenter design for these planned stores, but they have not disclosed the specific cities where they will be located.
Walmart announced that certain locations will feature the company's new "Store of the Future" concept, which includes more displays and QR codes for customers to scan for more information about products. Before this announcement, Walmart was already in the process of remodeling 650 more 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 have brought benefits to the communities where they operate. This investment represents millions of dollars.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart is planning to build new stores with a focus on sustainability. These stores will feature energy-efficient lighting and equipment to reduce energy consumption and promote environmental responsibility.
Aside from focusing on sustainability measures indoors, Walmart is also planning to upgrade its parking lot. The company has shared its intentions to install rapid-charging stations for electric cars.
According to Furner, Walmart is currently focused on creating a nationwide network of inexpensive electric vehicle fast-charging stations. The goal is to make it easier and more accessible for Walmart customers and employees to own 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 might look like. The photo credit goes to Rob Carroll.
Check out this list of 50 retail chains that were once popular but have since gone out of business. This gallery was created by Madison Troyer.
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