Walmart is expanding its retail footprint by adding more large stores and also incorporating electric vehicle charging stations. The company aims to enhance its store presence and improve existing locations.
According to CNBC, the company plans to construct or transform over 150 large stores in the United States over the next five years. The Associated Press noted that Walmart has not opened any new stores in the last three years.
What does a "large-format" Walmart store look like? Walmart has released press images of its Supercenter design for these planned stores, but has not disclosed the specific locations where they will be built.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, which will include more displays and QR codes for customers to scan for more information about products. Before this announcement, Walmart was already in the process of renovating 650 more locations to incorporate this concept.
In a statement released on Wednesday, Walmart president and CEO John Furner expressed that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where their stores are located.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart has revealed plans to design new stores with a focus on sustainability. These locations will feature energy-efficient lighting and equipment to minimize environmental impact.
Apart from focusing on sustainability indoors, Walmart is planning to make changes to its parking lot. The company has announced its intention to install quick-charging stations for electric cars.
Walmart is currently working on creating a network of affordable electric vehicle fast-charging stations across the country. The goal is to make owning an electric vehicle more convenient and accessible for both Walmart shoppers and employees.
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 the upcoming Walmart store design, dubbed as the "Walmart of the Future". The photo credit goes to Rob
Check out this list of 50 popular retail chains that have closed down. The credit for this gallery goes to Madison Troyer.
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