Walmart is expanding its presence by adding larger stores and installing electric vehicle charging stations. The company has a strong strategy in place to grow their store network and enhance their existing locations.
CNBC announced that the company plans to construct or transform over 150 large stores throughout the United States within the next five years. The Associated Press mentioned that Walmart has not opened any new stores in the last three years.
The images released by Walmart show the design of their Supercenter for the new "large-format" stores. The company has not yet disclosed the locations of these stores.
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 about products. Before the announcement on Wednesday, the retail giant was already in the process of remodeling 650 more locations to incorporate this concept.
In a statement released on Wednesday, Walmart's president and CEO John Furner stated that the company's investments in labor, supplies, and tax revenue amount to millions of dollars and provide benefits to the communities where they operate.
According to CNBC, the company chose not to disclose the price of the stores.
Walmart has revealed that their 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 indoors, Walmart is also planning to revamp its parking lot by adding fast-charging stations for electric cars.
Walmart is planning to create a network of fast-charging stations for electric vehicles across the country to make owning an EV more convenient and accessible for both 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 out the initial images of what the future Walmart stores may look like. The gallery credit goes to Rob Carroll.
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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