Walmart is planning to expand by opening more large stores and installing electric vehicle charging stations. They are also looking to improve their existing locations.
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 stated that Walmart has not opened any new stores in the last three years.
Images shared by Walmart depict the design of its Supercenter for the upcoming "large-format" stores. The specific locations of these stores have not been disclosed by the company yet.
Walmart announced that they will be implementing their "Store of the Future" concept in various locations, which will feature more displays and QR codes for customers to scan for more information about products. The company had already been in the process of renovating 650 more locations to include this concept before making the announcement on Wednesday.
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 they operate in.
CNBC reported that the company chose not to disclose the price of the stores.
The new Walmart stores will prioritize sustainability in their design, with energy-efficient lighting and equipment being a key feature.
Apart from focusing on sustainability initiatives indoors, 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 affordable electric vehicle fast-charging stations across the country to make it easier and more accessible for Walmart customers and employees to own electric vehicles. This initiative aims to provide a more convenient option for those interested in electric vehicle ownership.
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 store could look like. The photo credit goes to Rob Carroll.
Check out this list of 50 popular retail stores that have closed down. This list was compiled by Madison Troyer.
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