Walmart is expanding by adding more "large" stores and installing electric vehicle charging stations to their existing locations. They have a strong strategy in place for this growth.
According to a report from CNBC, the company plans to construct or transform over 150 large stores in the United States over the next five years. The Associated Press stated that Walmart has not opened any new stores in the last three years.
What does a "large-format" Walmart store look like? Walmart has released press images of its Supercenter design for these planned stores, but has not disclosed the locations of the cities where they will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, which will feature more displays and QR codes for customers to scan and access more product information. The company had already begun remodeling 650 locations to include this concept before making this announcement on Wednesday.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant investments made by the company in terms of money, resources, and tax revenue that benefit 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 throughout the locations.
Aside from focusing on sustainability initiatives indoors, 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 currently working on creating a nationwide network of affordable electric vehicle fast-charging stations 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 what could be the future version of Walmart.
Photo credits: Rob Carroll.
Check out this gallery of 50 retail chains that were once popular but are no longer in existence. This gallery was created by Madison Troyer.
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