Walmart is expanding by adding more "large" stores and installing electric vehicle charging stations. They have a strong strategy to grow their store presence and enhance existing locations.
CNBC has stated that the company plans to either construct or transform over 150 "large-format" stores throughout the United States within the next five years. The Associated Press has reported that Walmart has not opened any new stores in the last three years.
Walmart has shared press images of its Supercenter design for their upcoming "large-format" stores. The company has not disclosed the specific locations of these stores yet.
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 for more information about products. Prior to this announcement, the company 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 stated that the company's investments in labor, supplies, and tax revenue amount to millions of dollars and benefit the communities in which they operate.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has stated that their new stores will prioritize sustainability in their design. They plan to incorporate energy-efficient lighting and equipment throughout these locations.
Aside from focusing on sustainability measures indoors, Walmart is also planning to update its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a nationwide network of affordable electric vehicle fast-charging stations to make it easier for their customers and employees to own and use electric vehicles.
According to CNBC, Walmart has over 4,600 stores across the United States and has a workforce of almost 1.6 million employees.
Check out the initial images of what the future Walmart store might look like. The credit for the gallery goes to Rob Carroll.
Check out this list of 50 popular retail chains that have closed down. Credit for the gallery goes to Madison Troyer.
Additional content from Taste of Country can be found here. For more updates and news