Walmart is planning to expand their stores by adding larger locations and electric vehicle charging stations. They have a strong strategy to both open new stores and enhance current ones.
CNBC has stated that the company plans to construct or transform over 150 "large-format" stores in the United States within the next five years. The Associated Press reported that Walmart has not opened any new stores in the last three years.
What is the appearance of a "large-format" Walmart store like? Walmart has shared press images of its Supercenter design for these planned stores, but has not disclosed the specific cities where they will be situated.
Walmart announced that their locations will now feature the "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 remodeling 650 locations to incorporate this concept before making the announcement on Wednesday.
In a statement released on Wednesday, Walmart president and CEO John Furner emphasized that the company's investments in labor, supplies, and tax revenue amount to millions of dollars and bring benefits to the communities they operate in.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart is planning to include sustainability features in their new stores, with a focus on energy-efficient lighting and equipment.
Apart from focusing on sustainability initiatives indoors, Walmart is also planning to update its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of electric vehicle charging stations across the country to make it easier for customers and employees to own and use electric vehicles. CEO Furner mentioned this initiative as part of their efforts to make electric vehicle ownership more convenient and accessible for everyone.
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 photo gallery was created by Rob Carroll.
Check out this collection of 50 popular retail stores that have closed down. The credit for this gallery goes to Madison Troyer.
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