Walmart is expanding their stores and adding electric vehicle charging stations as part of their growth strategy.
CNBC stated that the company plans to construct or renovate over 150 "large-format" stores in the United States within the next five years. The Associated Press reported that Walmart has not opened any new stores in the last three years.
What does a "large-format" Walmart store look like? Walmart has released press images of its Supercenter design for these planned stores, but has not disclosed the locations of the cities where they will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, featuring more displays and QR codes for customers to scan and learn more about products. Prior to this announcement, the company was already in the process of remodeling 650 locations to incorporate this concept.
According to Walmart president and CEO John Furner, the company's investments in labor, supplies, and tax revenue amount to millions of dollars and bring benefits to the communities in which they operate. This statement was released on Wednesday.
CNBC reported that the company chose not to disclose the prices 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 initiatives within its stores, Walmart is also planning to update its parking lot by installing fast-charging stations for electric cars.
Walmart is planning to create a network of affordable electric vehicle fast-charging stations across the country in order 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.
Check it out: The first images of what the future Walmart might look like are here. Photo credit goes to Rob Carroll.
Check out this list of 50 retail chains that used to be popular but are no longer in business. The credit for this gallery goes to Madison Troyer
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