Walmart is planning to expand by adding more large stores and installing electric vehicle charging stations. They have a strong strategy in place to grow their store footprint and improve current locations.
According to CNBC, the company plans to open or transform over 150 large stores in 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 shared by Walmart give a sneak peek at the design of their Supercenter stores, which are considered to be "large-format". The locations of these stores have not been disclosed by the company yet.
Walmart announced that their locations will feature their new "Store of the Future" concept, which includes more displays and QR codes for customers to scan for more product details. Before this announcement, Walmart was already in the process of renovating 650 more locations to include this concept.
According to a statement released by Walmart president and CEO John Furner, the company's investments in labor, supplies, and tax revenue amount to millions of dollars and bring benefits to the communities they operate in.
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 by incorporating energy-efficient lighting and equipment into their design.
Aside from focusing on sustainability initiatives within its stores, Walmart is also aiming to improve its parking lot. The company announced intentions 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 shoppers and employees to own electric vehicles.
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 first images of what the future Walmart store may look like. Photo credit goes to Rob Carroll.
Check out this list of 50 retail chains that were once popular but are no longer in existence. The credit for the gallery goes to Madison Troyer.
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