Walmart is planning to expand by adding more stores and expanding some of their current locations. Additionally, they are installing electric vehicle charging stations at their stores.
According to CNBC, the company plans to expand by constructing or transforming over 150 large stores in the United States within the next five years. The Associated Press stated that Walmart has not opened any new stores in the last three years.
What is the appearance of a "large-format" Walmart? Walmart has released press images of its Supercenter design for these planned stores, but has not disclosed the specific cities where they will be located.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations. This concept includes more displays and QR codes for customers to scan and access more information about products. The company was already in the process of remodeling 650 locations to include this concept before making the announcement on Wednesday.
According to Walmart president and CEO John Furner, the company's investments in labor, supplies, and tax revenue contribute millions of dollars to benefit the communities where their stores are located. Furner made this statement on Wednesday.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart has announced that their new stores will be built with sustainability as a top priority. These locations will feature energy-efficient lighting and equipment throughout to reduce their environmental impact.
Aside from focusing on sustainability measures indoors, Walmart is also making changes to its parking lot. The company has announced intentions to install fast-charging stations for electric cars.
Walmart is planning to create a network of fast-charging stations for electric vehicles across the country to make it easier and more affordable for customers and employees to own an EV.
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 these initial images of what the future Walmart store could look like. The photos are credited to Rob Carroll.
Check out this list of 50 popular retail chains that are no longer in business. The credit for the gallery goes to Madison Troyer.
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