Walmart is expanding by adding more "large" stores and installing electric vehicle charging stations. They have a strong strategy to increase the number of stores and expand existing locations.
CNBC has stated that the company plans to construct or transform over 150 "large-format" stores throughout 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.
Images provided by Walmart give a glimpse of the design of their Supercenter for the upcoming "large-format" stores. The company has not disclosed the specific locations of these stores yet.
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 started remodeling 650 other locations to include this concept before making this announcement on Wednesday.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant capital investment in labor, supplies, and tax revenue that the company has made to benefit local communities.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has announced that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment.
Aside from focusing on sustainability initiatives within its stores, Walmart is now aiming to revamp its parking lot. The retail giant has announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of electric vehicle fast-charging stations across the country to make owning an electric vehicle more convenient and accessible 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 it out: The first images of what the future Walmart store could look like. The photos were credited to Rob Carroll.
Check out this gallery showcasing 50 retail chains that are no longer in existence. The credit for the gallery goes to Madison Troyer.
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