Walmart is expanding its presence by adding more stores and expanding current locations.
According to CNBC, the company plans to either construct new 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.
Walmart has released press images showcasing their Supercenter design for 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 and access product information. The company had already been remodeling 650 other locations to incorporate this concept before making the announcement on Wednesday.
In a statement released on Wednesday, Walmart president and CEO John Furner mentioned that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where their stores are located.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has indicated that their new stores will prioritize sustainability in their design. They plan to incorporate energy-efficient lighting and equipment throughout the locations.
Apart from focusing on sustainability initiatives within its stores, Walmart is also planning to update its parking lot. The company announced its intention to install fast-charging stations for electric cars.
Walmart is planning to create a network of fast-charging stations for electric vehicles across the country. This will make it easier and more convenient for Walmart customers and employees to own and use EVs.
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 first images of the future Walmart store, known as 'The Walmart Of The Future'. These photos were taken by Rob Carroll.
Check out this gallery of 50 popular retail chains that have closed down. The credit for this gallery goes to Madison Troyer.
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