Walmart is expanding their stores and enhancing existing locations with a focus on growth. They are also installing electric vehicle charging stations as part of their expansion plans.
According to CNBC, the company plans to either 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.
Images provided by Walmart showcase the Supercenter design for their upcoming "large-format" stores. However, Walmart has not disclosed which cities these stores will be in.
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 had already been renovating 650 other locations to include this concept before making the announcement on Wednesday.
Walmart president and CEO John Furner stated in a release on Wednesday that the company's investments in labor, supplies, and taxes bring benefits to the communities they serve, amounting to millions of dollars in capital.
According to CNBC, the company chose not to disclose the price of the stores.
Walmart has also revealed that their new stores will prioritize sustainability. This will be achieved through the use of energy-efficient lighting and equipment throughout the locations.
Apart from focusing on sustainability measures indoors, Walmart is also planning to revamp its parking lot. The company announced intentions to install quick-charging stations for electric cars.
Walmart is planning to create a nationwide network of affordable electric vehicle charging stations to make it easier and more accessible for 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 it out: The initial images of what could be the future Walmart store have been released. The photo gallery is credited to Rob Carroll.
Check out this list of 50 retail chains that were once popular but no longer exist. Credit for the gallery goes to Madison Troyer.
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