Walmart is expanding its presence by opening new large-sized stores and adding electric vehicle charging stations to some of its existing locations.
According to CNBC, the company plans to construct or transform over 150 "large-format" stores in the United States within the next five years. The Associated Press noted that Walmart has not opened any new stores in the last three years.
What does a Walmart designed as a "large-format" store look like? Walmart has released press images of its Supercenter design for these planned stores, but has not disclosed which cities they will be located in.
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 for more information about products. Prior to this announcement, Walmart had already begun remodeling 650 more locations to include this concept.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant investment of money, resources, and tax revenue that the company puts into benefiting the communities where their stores are located.
CNBC reported that the company did not disclose the price of the stores.
Walmart has announced that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment in their design.
Aside from focusing on sustainability measures indoors, Walmart is also planning to make changes to its parking lot. The company announced intentions to install rapid-charging stations for electric cars.
More information: Walmart is planning on implementing a major change that customers may find appealing. The company's CEO, Furner, mentioned that they are in the process of creating a nationwide network of affordable electric vehicle fast-charging stations. This initiative aims to make owning an electric vehicle more convenient and accessible for both Walmart customers 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.
Check it out: The initial images of the future Walmart store have been released. These photos were credited to Rob Carroll.
Check out this list of 50 popular retail chains that have closed down. This gallery was created by Madison Troyer.
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