Walmart is planning to expand their stores by adding larger locations and also introducing electric vehicle charging stations at some of their existing stores.
According to CNBC, the company plans to either construct new or transform over 150 "large-format" stores in the United States within the next five years. The Associated Press notes that Walmart has not opened any new stores in the last three years.
The Supercenter design for Walmart's planned "large-format" stores has been revealed through press images. The company has not disclosed the specific cities where these stores will be located.
Walmart announced that certain locations will feature the company's "Store of the Future" concept, which includes more displays and QR codes for customers to scan and access more information about products. Prior to this announcement, Walmart was already in the process of remodeling 650 locations to incorporate this concept.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant investments made by the company in terms of money, labor, supplies, and taxes that ultimately benefit the local communities.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has announced that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment in their design.
Apart from focusing on sustainability initiatives within its stores, Walmart is also planning to make changes to its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of affordable electric vehicle fast-charging stations across the country to make it easier for Walmart customers and employees to own 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 out the initial images of what the future Walmart stores might look like. Photo credit goes to Rob Carroll.
Check out this list of 50 popular retail chains that have closed down. The credit for the gallery goes to Madison Troyer.
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