Walmart is expanding its presence by opening new stores and expanding some of its current locations. Additionally, the company is implementing electric vehicle charging stations as part of its growth strategy.
CNBC announced that the company plans to construct or transform over 150 large-sized 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 Walmart store with a 'large-format' design look like? Walmart has shared press images of its Supercenter design for these planned stores, but has not disclosed the specific cities where they will be located.
Walmart announced that certain locations will feature their new "Store of the Future" concept, which includes more displays and QR codes for customers to scan for more information on products. Before this announcement, Walmart was already in the process of remodeling 650 other locations to incorporate 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 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.
Apart from focusing on sustainability initiatives indoors, Walmart is also aiming to improve its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of electric vehicle fast-charging stations across the country to make it easier and more accessible for customers and employees to own an electric vehicle. CEO Furner mentioned this initiative as part of their efforts to support EV 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 initial images of what could be described as the future version of Walmart. Special thanks to Rob Carroll for providing the gallery.
Check out this gallery of 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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