Walmart is planning to expand their stores by adding larger locations and also installing electric vehicle charging stations at some of their existing stores.
CNBC announced that the company plans to either construct or renovate over 150 "big-box" stores nationwide within the next five years. The Associated Press stated that Walmart has not opened any new stores in the last three years.
What does a "large-format" Walmart store look like? Walmart has released press images of its Supercenter design for these planned stores, although they have not disclosed the specific cities where they will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in various locations, which will feature more displays and QR codes for customers to scan and access product information. Before this announcement, Walmart was already in the process of renovating 650 locations to include this new concept.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant financial investments made by the company in terms of labor, supplies, and tax revenue. These investments have positive impacts on the communities where Walmart operates.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart has revealed plans to build new stores that prioritize sustainability. These stores will be equipped with energy-efficient lighting and equipment to reduce energy consumption.
Aside from focusing on sustainability measures indoors, Walmart is also planning to update its parking lot. They announced intentions to install quick-charging stations for electric cars.
Walmart is working on creating a network of 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 almost 1.6 million employees.
Check it out: The initial images of the upcoming Walmart store design. Photo credit goes to Rob Carroll.
Check out this list of 50 retail chains that were once popular but are now closed down. The gallery credit goes to Madison Troyer.
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