Walmart is planning to expand their retail presence by opening more large stores and adding electric vehicle charging stations to some of their current locations.
CNBC stated that the company plans to construct or transform over 150 "large-format" stores in the United States within the next five years. The Associated Press noted that Walmart has not inaugurated 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, but has not disclosed the locations of these stores 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 and access product information. Prior to this announcement, the retail giant was already in the process of remodeling 650 locations to incorporate this concept.
Walmart's president and CEO, John Furner, stated that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, which ultimately benefit the communities where their stores are located. This statement was released on Wednesday.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has revealed plans to build new stores with a focus on sustainability. These locations will feature energy-efficient lighting and equipment.
Aside from focusing on sustainability initiatives within its stores, Walmart is also planning to make changes to its parking lot. The company announced intentions to install fast-charging stations for electric cars.
Walmart is working on creating a network of affordable electric vehicle charging stations across the country to make it easier for Walmart customers and employees to own electric vehicles.
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. Photo credit goes to Rob Carroll.
Check out this gallery featuring 50 retail chains that were once loved but are no longer in existence. Credit for the gallery goes to Madison Troyer.
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