Walmart is planning to expand their stores by adding larger locations and also introducing electric vehicle charging stations.
CNBC announced that the company plans to create over 150 "large-format" 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 does a Walmart Supercenter with a larger size look like? Walmart has shared press images of their design for these planned stores, but they have not announced the specific cities where these stores will be located yet.
Walmart announced that their locations will now feature the "Store of the Future" concept, which includes more displays and QR codes for customers to scan for extra information about products. Before this announcement, Walmart was already in the process of renovating 650 other locations to incorporate this concept.
According to Walmart president and CEO John Furner, the company's investments in labor, supplies, and tax revenue amount to millions of dollars that benefit the communities where they operate. Furner made this statement on Wednesday.
CNBC reported that the company chose not to disclose the expenses of the stores.
Walmart revealed that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment in their design.
Aside from focusing on sustainability measures indoors, Walmart is also planning to make changes to its parking lot. They have announced their intention to install rapid-charging stations for electric cars.
Walmart is planning to create a network of fast-charging stations for electric vehicles across the country. This initiative aims to make owning an electric vehicle more convenient and accessible for both Walmart customers 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 out the initial images of what the future Walmart store may look like. The images are credited to Rob Carroll.
Check out this gallery of 50 retail chains that are no longer in business. Created by Madison Troyer.
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