Walmart is planning to expand by adding more stores and expanding some of their current locations. They are also planning to install electric vehicle charging stations at their stores.
According to CNBC, the company plans to construct or renovate 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 Walmart "large-format" store look like? Walmart has released press images of its Supercenter design for these planned stores, but has not yet announced the cities where they will be located.
Walmart announced that they will be introducing their "Store of the Future" concept at certain locations, which will feature more displays and QR codes for customers to scan and access more information about products. The company was already in the process of remodeling 650 locations to include this concept before the recent announcement.
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, benefitting the communities in which they operate.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has stated that their new stores will prioritize sustainability in their design. These locations will feature energy-efficient lighting and equipment throughout the premises.
Along with their sustainability initiatives indoors, Walmart is also planning to upgrade their parking lot by installing fast-charging stations for electric cars.
Walmart is planning to create a network of electric vehicle fast-charging stations across the country to make it easier and more affordable for customers and employees to own an electric vehicle. This initiative aims to make EV ownership more convenient and accessible for those who shop at Walmart.
As per CNBC, Walmart has a total of over 4,600 stores in the United States and has a workforce of almost 1.6 million employees.
Check it out: The first images of the future Walmart have been released. The images were credited to Rob Carroll.
Check out this gallery featuring 50 retail chains that were once popular but have now closed down. This gallery was created by Madison Troyer.
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