Walmart is planning to expand by adding more "large" stores and installing electric vehicle charging stations. They aim to grow their current locations as well.
CNBC stated that the company plans to create over 150 "big-format" stores in the United States over the next five years. The Associated Press noted that Walmart has not opened any new stores in the last three years.
What is the design of a Walmart Supercenter in a "large-format" store like? Walmart has shared press images of the design, but has not disclosed the specific cities where these stores will be located.
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 was already in the process of renovating 650 other locations to include this concept before making the announcement on Wednesday.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant investments made by the company in labor, supplies, and tax revenue, which ultimately benefit the communities where Walmart operates.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has stated that their new stores will prioritize sustainability in their design. These locations will feature energy-efficient lighting and equipment.
Aside from focusing on sustainability measures within its stores, Walmart is also planning to revamp its parking lot by installing fast-charging stations for electric cars.
Walmart is in the process of creating a network of low-cost electric vehicle charging stations across the country. The goal is to make owning an electric vehicle more convenient and accessible for both Walmart customers and employees. This initiative is part of Walmart's efforts to make positive changes that people may find beneficial.
According to CNBC, Walmart has over 4,600 stores across the United States and has a workforce of almost 1.6 million employees.
Check it out: Initial Images of 'The Future Walmart'
Credit for the photo gallery goes to Rob Carroll.
Check out this gallery featuring 50 retail chains that were once popular but have since closed down. The credit for this gallery goes to Madison Troyer.
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