Walmart is expanding their retail locations by adding larger stores and installing electric vehicle charging stations. Their strategy includes both opening new stores and expanding current ones.
According to CNBC, the company plans to construct or repurpose 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.
Images provided by Walmart showcase the design of its Supercenter for the upcoming "large-format" stores. The company has not disclosed the specific locations of these stores in cities.
Walmart announced that their locations will feature the "Store of the Future" concept, which includes more displays and QR codes for customers to scan for more information on products. The company had already been in the process of remodeling 650 locations to incorporate this concept before making the announcement on Wednesday.
According to a statement released by Walmart president and CEO John Furner, the company's investments in labor, supplies, and tax revenue have brought millions of dollars in benefits to local communities.
According to CNBC, the company chose not to disclose the price of the stores.
Walmart has stated that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment into their design.
Apart from focusing on sustainability initiatives indoors, Walmart is also planning to revamp its parking lot. They have announced intentions to install fast-charging stations for electric cars.
Walmart is working on creating a nationwide network of affordable electric vehicle fast-charging stations to make it easier and more accessible for Walmart customers and employees to own electric vehicles.
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 first images of what the future Walmart store may look like. The photo credit goes to Rob Carroll.
Check out this list of 50 retail chains that are no longer in business. Photo credit goes to Madison Troyer.
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