Walmart is expanding by adding more "large" stores and installing electric vehicle charging stations. They have a strong strategy to grow their retail presence by opening new stores and expanding existing ones.
According to CNBC, the company plans to construct or transform over 150 "big-box" stores in the United States within the next five years. As stated by the Associated Press, Walmart has not opened any new stores in the last three years.
Images provided by Walmart showcase the design of their Supercenter for their upcoming "large-format" stores. The company has not disclosed the specific cities where these stores will be located.
Walmart announced that their locations will feature their new "Store of the Future" concept, which includes more displays and QR codes for customers to scan and access more information about products. Before the announcement on Wednesday, the company was already in the process of renovating 650 more locations to include this concept.
According to a statement released by Walmart president and CEO John Furner, the company's investments in labor, supplies, and tax revenue amount to millions of dollars and provide benefits to the communities they serve.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart is planning to incorporate sustainability into its new stores by focusing on energy-efficient lighting and equipment.
Aside from focusing on sustainability initiatives inside the store, Walmart is also planning to update its parking lot. They have announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of electric vehicle fast-charging stations across the country to make it easier for customers and employees to own and use electric vehicles. This initiative aims to make electric vehicle ownership more convenient and accessible for those who shop at Walmart.
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 what the future Walmart store may look like. The photo credit goes to Rob Carroll.
Check out this list of 50 popular retail chains that have closed down. The gallery credit goes to Madison Troyer.
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