Walmart is planning to expand by adding more large stores and installing electric vehicle charging stations at some of their current locations.
According to CNBC, the company plans to either construct or renovate over 150 large stores in the United States within the next five years. The Associated Press also noted 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 released press images of its Supercenter design for these planned stores, but has not yet disclosed the specific cities where they will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, which will feature more displays and QR codes for customers to scan and access more product information. The company was already in the process of renovating 650 locations to include this concept before the recent announcement.
In a statement released on Wednesday, Walmart's president and CEO, John Furner, mentioned that the company's investments in labor, supplies, and taxes amount to millions of dollars and benefit the communities where Walmart operates.
CNBC reported that the company chose not to disclose the prices of the stores.
Walmart is planning to incorporate sustainability into its new stores by focusing on energy-efficient lighting and equipment.
Apart from focusing on sustainability initiatives within the store, Walmart is also planning to improve its parking lot. They have announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a nationwide network of low-cost electric vehicle charging stations in order to make owning an electric vehicle more convenient and accessible for both Walmart customers 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 it out: The first images of the upcoming Walmart store design, dubbed as 'The Walmart of the Future', have been released. Photo
Check out a list of 50 popular retail chains that have closed down. Photo credit goes to Madison Troyer.
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