Walmart is expanding by adding more large stores and installing electric vehicle charging stations. They have a strong strategy to grow their retail presence and improve existing locations.
CNBC announced that the company plans to construct or transform over 150 "big-box" stores in various locations throughout the United States within the next five years. The Associated Press stated that Walmart has not opened any new stores within the last three years.
The new "large-format" Walmart stores will have a Supercenter design, as shown in press images released by the company. Walmart has not disclosed the specific cities where these stores 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 for more information about products. Before this announcement, Walmart was already in the process of remodeling 650 more locations to include this concept.
Walmart's president and CEO, John Furner, stated that the company's investments in labor, supplies, and tax revenue amount to millions of dollars and benefit the communities in which they operate. This statement was released on Wednesday.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has revealed that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment throughout the locations.
Apart from focusing on sustainability initiatives inside their stores, Walmart is also planning to make changes to their parking lot. They announced their intention to install fast-charging stations for electric cars.
Walmart is working on creating a network of electric vehicle fast-charging stations across the country to make it easier and more affordable for their customers and employees to own an electric vehicle.
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 these initial images of what the future Walmart store could look like. Images courtesy of Rob Carroll.
Check out this gallery of 50 retail chains that were once popular but are now out of business. This gallery was created by Madison Troyer.
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