Walmart is expanding their stores and adding more locations, including some with electric vehicle charging stations. Their plan includes both opening new stores and expanding current ones.
CNBC announced that the company plans to either construct new or renovate over 150 "large-format" stores throughout 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.
A "large-format" Walmart is a bigger version of the typical Supercenter store, as shown in press images released by the company. Walmart has not disclosed the specific cities where these larger stores will be built.
Walmart announced that certain locations will feature their new "Store of the Future" concept, which includes more displays and QR codes for customers to scan for more information about products. The company had already planned to renovate 650 locations to include this concept before the recent announcement.
In a statement released on Wednesday, Walmart's president and CEO John Furner highlighted the significant financial investments the company has made in terms of labor, supplies, and tax revenue, benefiting the communities where they operate.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart has stated that their new stores will prioritize sustainability in their design. These locations will feature energy-efficient lighting and equipment to promote environmental conservation.
Aside from focusing on sustainability measures within its stores, Walmart is also aiming to revamp its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is looking to create a network of electric vehicle fast-charging stations across the country to make owning an electric vehicle more convenient and accessible for both 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 out the initial images of the new Walmart store design, which has been dubbed 'The Walmart of the Future'. The photos in the gallery
Check out this gallery of 50 retail chains that were once popular but are no longer in business. The credit for the gallery goes to Madison Troyer.
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