Walmart is planning to expand their stores by adding more "large" stores and also incorporating electric vehicle charging stations. They are looking to grow their current locations as well.
According to CNBC, the company plans to expand by constructing or transforming over 150 "large-format" stores throughout the United States within the next five years. The Associated Press also reported that Walmart has not opened any new stores in the last three years.
A new type of Walmart store called "large-format" has been unveiled through press images. The company has not disclosed the specific cities where these stores 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 recent announcement.
According to a statement released by Walmart's president and CEO John Furner, the company's investments in labor, supplies, and tax revenue amount to millions of dollars that benefit the communities where their stores are located.
CNBC reported that the company chose not to disclose the expenses related to the stores.
Walmart has revealed that their new stores will prioritize sustainability, with a focus on energy-efficient lighting and equipment.
Aside from focusing on sustainability initiatives within their stores, Walmart is also planning to update their parking lot. They have 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 could be the future version of Walmart. The photos are credited to Rob Carroll.
Check out this gallery featuring 50 retail chains that were once popular but have since closed down. The credit for this gallery goes to Madison Troyer.
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