Walmart is expanding its presence by opening more large stores and installing electric vehicle charging stations. The company is focused on both expanding their store footprint and enhancing existing locations.
CNBC announced that the company plans to create over 150 "large-format" stores in the United States over the next five years. The Associated Press stated that Walmart has not opened any new stores within the last three years.
Images provided by Walmart showcase the design of their Supercenter for the upcoming "large-format" stores. The company has not disclosed the specific cities where these stores will be situated.
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 additional product information. Prior to this announcement, Walmart was already in the process of remodeling 650 locations to include this concept.
In a statement released on Wednesday, Walmart's president and CEO, John Furner, highlighted the significant financial investments the company has made in terms of labor, supplies, and tax revenue, benefiting the communities in which they operate.
CNBC reported that the company chose not to disclose the expenses of the stores.
Walmart has stated that the new stores will prioritize sustainability in their design. They will feature energy-efficient lighting and equipment throughout the locations.
Aside from focusing on sustainability initiatives within their stores, Walmart is also planning to update their 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 to make it easier for Walmart customers and employees to own and use electric vehicles. This initiative aims to increase convenience and accessibility for those interested in electric vehicle ownership.
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 first images of what the future Walmart may look like. Photo credit goes to Rob Carroll.
Check out this list of 50 retail chains that have closed down and are no longer in existence. The credit for the gallery goes to Madison Troyer.
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