Walmart is planning to expand their stores by adding new locations and expanding some of their current stores.
According to CNBC, the company plans to either construct new or renovate over 150 "large-format" stores throughout the United States within the next five years. The Associated Press noted that Walmart has not opened any new stores in the last three years.
Walmart has shared press images of its Supercenter design for the upcoming "large-format" stores, but has not yet disclosed the specific cities where these stores will be situated.
Walmart announced that they will be implementing their "Store of the Future" concept in several locations, featuring 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 locations to incorporate 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 their stores are located.
CNBC reported that the company chose not to disclose the expenses related to the stores.
Walmart has revealed that their new stores will prioritize sustainability in their design. These locations will feature energy-efficient lighting and equipment throughout.
Apart from focusing on sustainability initiatives within its stores, Walmart is also planning to improve its parking facilities by installing fast-charging stations for electric cars.
Walmart is planning to create a nationwide network of affordable electric vehicle fast-charging stations to make it easier and more convenient for Walmart customers and employees to own and use electric vehicles, according to Furner.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of nearly 1.6 million employees.
Check out the initial images of the upcoming Walmart store design, dubbed as the "Walmart of the Future." Photo credit goes to Rob Carroll
Check out this gallery of 50 retail chains that were once popular but have since closed down. The credit for the gallery goes to Madison Troyer.
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