Walmart is planning to expand their stores by adding larger locations and installing electric vehicle charging stations at some of their existing stores.
CNBC announced that the company plans to construct or transform over 150 "large-format" stores throughout 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 provided by Walmart display the design of their Supercenter for the upcoming "large-format" stores. The locations of these stores have not been disclosed by the company yet.
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 and access more product information. Before this announcement, Walmart was already in the process of remodeling 650 other locations to include this concept.
Walmart president and CEO John Furner stated that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where they operate. This was mentioned in a statement 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 into their design.
Aside from focusing on sustainability initiatives indoors, Walmart is also working on improving its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is working on creating a nationwide network of affordable electric vehicle fast-charging stations to make it easier and more convenient for Walmart customers and employees to own an electric vehicle. This change is aimed at providing more accessibility to electric vehicle ownership.
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 of what the future Walmart store may look like are now available for viewing. Photo credit goes to Rob Carroll
Check out this list of 50 popular retail stores that have closed down over the years. Photo gallery credit goes to Madison Troyer.
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