Walmart is planning to expand by adding more stores and expanding some of their current locations. They are also looking to install electric vehicle charging stations at their stores.
According to CNBC, the company plans to construct or transform over 150 "large-format" stores throughout the United States within the next five years. The Associated Press also noted that Walmart has not opened any new stores in the last three years.
What is the appearance of a Walmart store that is considered "large-format"? Walmart has shared press images of its Supercenter design for these planned stores, but has not disclosed the specific cities where they will be located.
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 product information. They had already been in the process of remodeling 650 locations to incorporate this concept before making the announcement.
In a statement released on Wednesday, Walmart president and CEO John Furner mentioned that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where they operate.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart's new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment in their design.
Apart from the sustainability initiatives indoors, Walmart is also planning to improve its parking lot by installing fast-charging stations for electric cars.
Walmart is currently working on creating a network of electric vehicle fast-charging stations across the country. This initiative aims to make owning an electric vehicle more convenient and accessible for both Walmart 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 it out: The initial images of the upcoming Walmart store design have been released. Credits for the photo gallery go to Rob Carroll.
Check out this gallery featuring 50 popular retail chains that have closed down. Created by Madison Troyer.
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