Walmart is planning to expand by adding more stores and expanding current locations, as well as installing electric vehicle charging stations.
CNBC announced that the company plans to construct or transform over 150 large-scale stores in 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.
What is the appearance of a "large-format" Walmart store like? Walmart has shared press images of its Supercenter design for these planned stores, but they have not disclosed the specific cities where these stores will be located yet.
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 more locations to incorporate this concept before the recent announcement.
In a statement released on Wednesday, Walmart president and CEO John Furner 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 its new stores with a focus on sustainability, including energy-efficient lighting and equipment.
Apart from focusing on sustainability measures indoors, Walmart is planning to revamp its parking lot by installing fast-charging stations for electric cars.
Walmart is planning to create a network of electric vehicle fast-charging stations across the country to make it easier and more accessible for Walmart customers and employees to own and use electric vehicles. This change is aimed at providing a more convenient option for those interested in 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 first images of what the future Walmart could look like. The photos are credited to Rob Carroll.
Check out a list of 50 popular retail chains that have closed down over the years. This gallery was created by Madison Troyer.
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