Walmart is planning to expand its retail presence by adding larger stores and installing electric vehicle charging stations. This strategy involves both building new locations and improving existing ones.
CNBC announced that the company plans to construct or renovate over 150 "large-format" stores throughout the United States within the next five years. The Associated Press reported that Walmart has not opened any new stores in the last three years.
The design for Walmart's new "large-format" stores has been revealed through press images. However, the company has not disclosed the specific locations of these stores in cities.
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. Prior to this announcement, Walmart was already in the process of remodeling 650 locations to include this concept.
Walmart's president and CEO, John Furner, stated on Wednesday that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities in which they operate.
According to CNBC, the company chose not to disclose the price of the stores.
Walmart has stated that their new stores will prioritize sustainability in their design. They will incorporate energy-efficient lighting and equipment throughout these locations.
Aside from focusing on sustainability measures indoors, Walmart is now considering revamping its parking lot. They recently announced intentions to install fast-charging stations for electric cars.
Walmart is working on creating a nationwide network of low-cost electric vehicle fast-charging stations to make owning an electric vehicle more convenient and accessible for 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 out the initial images of what could be considered the future version of Walmart. The photo credit goes to Rob Carroll.
Check out this list of 50 popular retail stores that have closed down. The credit for the gallery goes to Madison Troyer.
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