Walmart is expanding by opening new large stores and installing electric vehicle charging stations at some of its current locations.
CNBC has stated that the company plans to either construct or repurpose over 150 large 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 does a Walmart Supercenter with a larger format look like? Walmart has released press images showcasing the design for these planned stores, but they have not disclosed the specific cities where they will be located.
Walmart announced that the locations will feature the company's new "Store of the Future" concept, which includes more displays and QR codes for customers to scan for more product information. The retailer was already in the process of renovating 650 more locations to incorporate this concept before the announcement on Wednesday.
According to a statement from Walmart president and CEO John Furner, the company's investments in labor, supplies, and tax revenue amount to millions of dollars and provide benefits to the communities where they operate.
The company chose not to disclose the expenses associated with the stores, as reported by CNBC.
Walmart has stated that their new stores will prioritize sustainability in their design. These locations will feature energy-efficient lighting and equipment.
Aside from focusing on sustainability measures indoors, Walmart is also planning to make changes to its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is working on creating a nationwide network of electric vehicle fast-charging stations to make owning an EV 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 out the initial images of the upcoming Walmart store design, dubbed as 'The Walmart of the Future'. Photo credit goes to Rob Carroll.
Take a look at a collection of 50 retail chains that were once popular but have now closed down. This gallery was put together by Madison Troyer.
Additional content available on Taste of Country
Details
Connect with us on social media