Walmart is planning to expand their stores by adding larger ones and also installing electric vehicle charging stations at some of their current locations.
According to CNBC, the company plans to construct or transform over 150 "large-format" stores throughout the United States within the next five years. The Associated Press has stated that Walmart has not opened any new stores in the last three years.
Walmart has shared press images of its Supercenter design for their upcoming "large-format" stores. However, the company has not disclosed the specific cities where these stores will be opening.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, featuring more displays and QR codes for customers to scan for more information about products. Before this announcement, the retail giant was already in the process of remodeling 650 locations to include this concept.
In a statement released on Wednesday, Walmart president and CEO John Furner emphasized that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities in which they operate.
CNBC reported that the company chose not to disclose the price of the stores.
The new Walmart stores will prioritize sustainability by incorporating energy-efficient lighting and equipment in their design.
Aside from focusing on sustainability initiatives indoors, Walmart is also planning to make changes to its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of affordable 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.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of almost 1.6 million individuals.
Check out the initial images of the upcoming Walmart store concept that is being compared to a futuristic version of the retailer. The credit for the photo
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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