Walmart is expanding by adding more large stores and installing electric vehicle charging stations. They have a strong strategy to expand their presence by opening new stores and expanding current ones.
According to CNBC, the company plans to construct or repurpose over 150 "large-format" stores in the United States within the next five years. The Associated Press reported that Walmart has not opened any new stores in the last three years.
The images released by Walmart show the design of its Supercenter for the upcoming "large-format" stores. The locations of these stores have not been announced by the company yet.
Walmart announced that their locations will feature the "Store of the Future" concept, which includes more displays and QR codes for customers to scan for more information about products. The company had already been renovating 650 locations to include this concept before the recent announcement.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant investments the company has made in labor, supplies, and tax revenue, benefiting the communities where their stores are located.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart has disclosed that their new stores will prioritize sustainability in their design. These locations will feature energy-efficient lighting and equipment throughout to support environmentally friendly practices.
Apart from focusing on sustainability measures indoors, Walmart is also planning to update its parking lot 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 accessible for their customers and employees to own an electric vehicle.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of almost 1.6 million employees.
Check out the initial images of the new Walmart concept store, dubbed 'The Walmart of the Future'. The gallery credit goes to Rob Carroll.
Check out this gallery featuring 50 retail chains that were once popular but are no longer in existence. This gallery was put together by Madison Troyer.
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