Walmart is expanding its number of stores and also enhancing some of its current locations as part of a comprehensive growth strategy.
According to CNBC, the company plans to either construct or transform over 150 spacious stores in the United States within the next five years. As per the Associated Press, Walmart has not opened any new stores in the last three years.
Images released by Walmart show the design of their Supercenter stores that are planned to be larger in size. The company has not disclosed the specific locations of these stores yet.
Walmart announced that they will be implementing their "Store of the Future" concept in various locations, featuring more displays and QR codes for customers to scan for more product details. The company had already been in the process of remodeling 650 locations to include this concept before their recent announcement.
According to a statement from Walmart president and CEO John Furner, the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where their stores are located.
According to CNBC, 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 in their design.
Aside from focusing on sustainability initiatives indoors, Walmart is also planning to revamp its parking lot by installing fast-charging stations for electric cars.
Walmart is currently in the process of creating a widespread network of affordable electric vehicle fast-charging stations. The goal is to make owning an electric vehicle more convenient and accessible for both Walmart customers and employees.
According to CNBC, Walmart has a total of over 4,600 stores in the United States and provides jobs to almost 1.6 million individuals.
CHECK IT OUT: Sneak Peek at the New Walmart Store Design
Photo Credit: Rob Carroll
Check out this gallery showcasing 50 popular retail chains that have closed down. The credit for this gallery goes to Madison Troyer.
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