Walmart is expanding by opening new large stores and adding electric vehicle charging stations to some of their existing locations.
CNBC announced that the company plans to construct or transform over 150 "large-format" 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.
What does a Walmart Supercenter with a "large-format" look like? Walmart has released press images showcasing the design for these planned stores, but has not disclosed the specific cities where they will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in various locations, which will include more displays and QR codes for customers to scan for more information about products. The company had already started remodeling 650 locations to incorporate this concept before making the announcement on Wednesday.
In a statement released by Walmart president and CEO John Furner on Wednesday, he mentioned that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where their stores are located.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart is planning to design their new stores with a focus on sustainability, including energy-efficient lighting and equipment.
Along with their sustainability initiatives inside their stores, Walmart is planning to improve their parking lot by adding fast-charging stations for electric cars.
Walmart is planning to create a nationwide network of affordable electric vehicle fast-charging stations to make owning an electric vehicle more convenient and accessible for both 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 showcasing what the future Walmart stores might look like.
Credit for the gallery goes to Rob Carroll.
Check out this gallery of 50 popular retail chains that are now out of business. The credit for the gallery goes to Madison Troyer.
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