Walmart is expanding its presence by adding more larger stores and installing electric vehicle charging stations. The company has a strong strategy in place to grow its store count and improve existing locations.
According to CNBC, the company plans to build or convert over 150 large stores in the United States over the next five years. The Associated Press also noted that Walmart has not opened any new stores in the last three years.
Images provided by Walmart depict the design of their Supercenter for their new "large-format" stores. The company has not disclosed which cities will host these new stores yet.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, which includes more displays and QR codes for customers to scan and access product information. Before the announcement, the company was already in the process of remodeling 650 more locations to include this concept.
Walmart president and CEO John Furner stated that the investments made by the company in terms of labor, supplies, and tax revenue are significant and beneficial to the communities they serve. This statement was released on Wednesday.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has revealed that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment throughout the locations.
Aside from focusing on sustainability initiatives indoors, Walmart is also planning to improve its parking lot by installing fast-charging stations for electric cars.
Walmart is making a big change by creating a network of affordable electric vehicle charging stations across the country. The goal is to make owning an electric vehicle more convenient and accessible for both shoppers and employees.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of almost 1.6 million employees.
Take a look at the initial images of what could be considered as the future version of Walmart. The photo credit goes to Rob Carroll.
Check out this gallery showcasing 50 retail chains that were once popular but have since closed down. The credit for this gallery goes to Madison Troyer.
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