Walmart is expanding its operations by adding new large stores and installing electric vehicle charging stations at some of its current locations.
CNBC announced that the company plans to construct or transform over 150 "large-format" stores throughout 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.
The design of Walmart's Supercenter for their "large-format" stores has been revealed through press images. Walmart has not disclosed the locations of these stores yet.
Walmart announced that they will be implementing their "Store of the Future" concept in 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 making this announcement.
In a statement released on Wednesday, Walmart president and CEO John Furner expressed that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities in which they operate.
According to CNBC, the company chose not to disclose the prices of the stores.
Walmart has stated that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment into their design.
Aside from focusing on sustainability initiatives indoors, Walmart is also planning to upgrade its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is in the process of creating a nationwide network of affordable electric vehicle fast-charging stations. The goal is to make it easier and more accessible for Walmart customers and employees to own an electric vehicle.
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 initial images of what a future Walmart store might look like. The gallery credit goes to Rob Carroll.
Check out this list of 50 retail chains that were once popular but are now closed. Photo credit goes to Madison Troyer.
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