Walmart is expanding by adding more large stores and installing electric vehicle charging stations. They have a strong strategy to grow their retail footprint and enhance their current locations.
CNBC stated that the company plans to create or transform over 150 "large-format" stores throughout the United States in the next five years. The Associated Press reported that Walmart has not opened any new stores in the last three years.
What does a Walmart that is larger than usual look like? Walmart has released press images showing the design of its Supercenter for the new "large-format" stores. The company has not disclosed the specific cities where these stores will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, which will include more displays and QR codes for customers to scan for extra product details. Before this announcement, Walmart was already in the process of renovating 650 more locations to incorporate this concept.
Walmart president and CEO John Furner stated that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where they operate. This statement was released on Wednesday.
CNBC reported that the company chose not to disclose the financial details regarding the stores.
Walmart plans to incorporate sustainability in the design of their new stores by including energy-efficient lighting and equipment.
Along with their sustainability initiatives indoors, Walmart is planning to update their parking lot by installing 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 operates over 4,600 stores in the United States and has a workforce of almost 1.6 million employees.
Check out the initial images of what the future Walmart store could look like. The photos are credited to Rob Carroll.
Check out this gallery featuring 50 retail chains that were once popular but have now closed down. The credit for this gallery goes to Madison Troyer.
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