Walmart is expanding by adding more large stores and installing electric vehicle charging stations. They have a strong strategy to grow their store presence and enhance existing locations.
CNBC announced that the company plans to either construct or transform over 150 "large-format" stores throughout the United States within the next five years. It has been reported by the Associated Press that Walmart has not opened any new stores in the last three years.
Walmart has released press images of its Supercenter design for their upcoming "large-format" stores. The company has not disclosed the specific cities where these stores will be located.
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 and access more information about products. The company was already in the process of renovating 650 more locations to include this concept before the recent announcement.
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 statement was released on Wednesday.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart is planning to build new stores with a focus on sustainability. These stores will feature energy-efficient lighting and equipment to reduce their environmental impact.
Apart from focusing on sustainability measures indoors, Walmart is also planning to revamp its parking lot by installing fast-charging stations for electric cars.
Walmart is working on creating a network of affordable electric vehicle fast-charging stations across the country to make owning an electric vehicle more convenient and accessible for both shoppers and employees.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of nearly 1.6 million employees.
Check it out: The initial images of 'The Future Walmart' have been released. Photo credits go to Rob Carroll.
Check out this gallery of 50 popular retail chains that have closed down. The credit for the gallery goes to Madison Troyer.
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