Walmart is expanding its stores and adding electric vehicle charging stations as part of their strategy for growth.
CNBC stated that the company plans to create or transform over 150 "large-format" stores in the United States within the next five years. The Associated Press mentioned 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 specific cities where they will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations. This concept includes more displays and QR codes that customers can scan for more information about products. Before this announcement, Walmart was already in the process of renovating 650 more locations to incorporate this concept.
In a statement released by Walmart president and CEO John Furner on Wednesday, he mentioned 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 did not disclose the price of the stores.
Walmart is planning to incorporate sustainability into their new stores by focusing on energy-efficient lighting and equipment.
Aside from focusing on sustainability initiatives indoors, Walmart is also planning to update its parking lot. The company has announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of affordable electric vehicle fast-charging stations across the country to make electric vehicle ownership 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 initial images of what could be the future version of Walmart. The photo gallery credit goes to Rob Carroll.
Check out this gallery showcasing 50 retail chains that are no longer in business. The credit for the gallery goes to Madison Troyer.
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