Walmart is expanding their store presence by adding more larger stores and also incorporating electric vehicle charging stations. Their strategy involves both opening new stores and expanding their current locations.
According to CNBC, the company plans to construct or transform over 150 big 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 with a 'large-format' look like? Walmart has shared press images of its Supercenter design for the upcoming "large-format" stores, but 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 and access more product information. Prior to this announcement, the retail giant was already in the process of remodeling 650 locations to incorporate this concept.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant financial investments in labor, supplies, and tax revenue made by the company, which ultimately benefit the communities they operate in.
CNBC reported that the company chose not to disclose the financial details regarding the stores.
Walmart has revealed that their new stores will prioritize sustainability in their design. They will feature energy-efficient lighting and equipment throughout the locations.
Apart from focusing on sustainability initiatives indoors, Walmart is also planning to revamp its parking lot by installing quick-charging stations for electric cars.
Walmart is working on creating a network of electric vehicle fast-charging stations across the country to make it easier and more convenient for customers and employees to own and use electric vehicles.
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 is being called 'The Walmart Of The Future'. The photos are credited to Rob Carroll.
Check out this gallery of 50 retail chains that were once popular but have since closed down. The credit for the gallery goes to Madison Troyer.
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