Walmart is expanding its presence by adding new larger stores and installing electric vehicle charging stations at some of its current locations.
According to CNBC, the company plans to either construct new 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.
What does a "large-format" Walmart store look like? Walmart has released press images of its Supercenter design for these planned stores, but has not disclosed the locations of where they will be located.
Walmart announced that their stores will feature the "Store of the Future" concept, which includes more displays and QR codes for customers to scan and access more information about products. The company was already in the process of renovating 650 locations to incorporate this concept before making the announcement on Wednesday.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant financial investments made by the company in terms of labor, supplies, and tax revenue, which ultimately benefit the communities they operate in.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has revealed plans to build new stores with a focus on sustainability. These stores will feature energy-efficient lighting and equipment to reduce energy consumption.
Along with focusing on sustainability initiatives indoors, Walmart is also planning to update its parking lot. They announced intentions to install rapid-charging stations for electric cars.
Walmart is working on creating a network of fast-charging stations for electric vehicles across the country. Their goal is to make it easier and more accessible for Walmart 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 out the initial images of a futuristic version of Walmart, often described as "The Walmart of the Future." The photo gallery is credited to
Check out this gallery of 50 retail chains that were once popular but have since closed down. The credit for this gallery goes to Madison Troyer.
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