Walmart is planning to expand its store presence by adding larger stores and incorporating electric vehicle charging stations in some of their current locations.
According to CNBC, the company plans to construct or transform over 150 "large-format" stores in the United States within the next five years. The Associated Press noted that Walmart has not launched any new stores in the last three years.
Images released by Walmart show the design of its Supercenter for the upcoming "large-format" stores. The company has not announced which cities will host these new stores.
Walmart announced that they will be implementing their "Store of the Future" concept at certain locations, which will feature more displays and QR codes for customers to scan for extra information about products. Prior to this announcement, Walmart was already in the process of remodeling 650 more locations to include this concept.
According to Walmart president and CEO John Furner, the investments made by the company in labor, supplies, and taxes benefit the communities where they operate by bringing in millions of dollars in capital. Furner made this statement in a release on Wednesday.
According to CNBC, the company chose not to disclose the expenses associated with the stores.
Walmart stated that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment throughout the locations.
Apart from focusing on sustainability initiatives indoors, Walmart is also planning to revamp its parking lot by installing fast-charging stations for electric cars.
Walmart is planning to create a nationwide network of low-cost electric vehicle charging stations to make it easier and more accessible for Walmart 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 first images of what the future Walmart store may look like. The photo credit goes to Rob Carroll.
Check out this gallery of 50 popular retail chains that are no longer in business. Created by Madison Troyer.
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