Walmart is expanding its footprint by opening more large stores and adding electric vehicle charging stations to some of its current locations.
According to CNBC, the company plans to construct or transform over 150 large stores in the United States within the next five years. The Associated Press noted that Walmart has not opened any new stores in the last three years.
What does a "large-format" Walmart store look like? Press images from Walmart showcase the design of their Supercenter for these planned stores. The company has not disclosed which cities will be home to these large-format stores.
Walmart announced that they will be introducing 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 had already been renovating 650 locations to include this new concept.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant investments made by the company in terms of money, resources, and taxes that benefit the communities in which they operate.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has revealed that their new stores will prioritize sustainability in their design. These locations will feature energy-efficient lighting and equipment to reduce environmental impact.
Aside 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 working on creating a network of affordable electric vehicle fast-charging stations across the country to make owning an electric vehicle more convenient for both shoppers 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 may look like. The photo credit goes to Rob Carroll.
Check out this gallery showcasing 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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