Walmart is planning to expand by adding more "large" stores and installing electric vehicle charging stations. They are looking to increase their number of stores and improve existing locations.
According to CNBC, the company plans to construct or change 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 in the last three years.
What does a Walmart Supercenter with a "large-format" look like? Walmart has shared press images of its Supercenter design for the new stores, but has not disclosed the specific 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 for more product information. Prior to this announcement, Walmart was already in the process of remodeling 650 locations to incorporate this concept.
Walmart president and CEO John Furner stated that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where their stores are located. This statement was released on Wednesday.
CNBC reported that the company did not disclose the expense of the stores.
Walmart plans to incorporate sustainability into their new stores by focusing on energy-efficient lighting and equipment.
Apart from focusing on sustainability measures indoors, Walmart is also planning to renovate its parking lot by installing fast-charging stations for electric cars.
Walmart is making a big change by developing a nationwide network of affordable electric vehicle fast-charging stations. The goal is 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 nearly 1.6 million employees.
Check out the initial images of what could be the modernized version of Walmart. The images are credited to Rob Carroll.
Check out this gallery of 50 retail chains that used to be popular but are no longer in existence. The credit for the gallery goes to Madison Troyer
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