Walmart is expanding its footprint by adding larger stores and installing electric vehicle charging stations. The company is increasing its number of stores and enhancing some existing locations.
According to CNBC, the company is planning to either construct new or transform over 150 "large-format" stores in the United States within the next five years. The Associated Press stated that Walmart has not opened any new stores in the last three years.
How does Walmart's 'large-format' store design 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 built.
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 more information about products. The company was already in the process of remodeling 650 locations to include this concept before the recent announcement.
Walmart's 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 chose not to disclose the price of the stores.
Walmart is planning to build new stores with sustainability as a priority. These stores will have energy-efficient lighting and equipment throughout the locations.
Apart from focusing on sustainability measures within its stores, Walmart is also planning to revamp its parking lot by installing 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 it easier and more accessible for their customers and employees to own and use EVs. This change is aimed at providing a more convenient option for those interested in electric vehicles.
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 initial images of what the future Walmart may look like have been released. Thanks to photographer Rob Carroll for capturing these shots
Check out this list of 50 retail chains that were once popular but are no longer in existence. The gallery was created by Madison Troyer.
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