Walmart is planning to expand its store presence by adding more large stores and installing electric vehicle charging stations at some existing locations.
CNBC has stated that the company plans to construct or transform 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 "large-format" Walmart store look like? Walmart has released press images of its Supercenter design for the planned stores, but has not disclosed the cities where they will be located.
Walmart announced that some 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 was already in the process of renovating 650 locations to incorporate this concept before making the announcement on Wednesday.
According to a statement from Walmart's president and CEO John Furner, the company's investments in labor, supplies, and tax revenue amount to millions of dollars that benefit the communities where they operate.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart is planning to include sustainability features in their new stores, such as energy-efficient lighting and equipment.
Aside from focusing on sustainability measures within its stores, Walmart is also planning to update its parking lot. The company announced intentions 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 in order to make owning an EV more convenient and accessible for both customers and employees.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of almost 1.6 million individuals.
Check out the first images of what could be described as the future version of Walmart. The photo credit goes to Rob Carroll.
Check out a collection of 50 retail chains that were once popular but are no longer in existence. The gallery credit goes to Madison Troyer.
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