Walmart is expanding by adding more stores and also expanding some of their current locations.
According to CNBC, the company plans to create over 150 large stores or convert existing ones within the United States over the next five years. The Associated Press stated that Walmart has not opened any new stores in the last three years.
Walmart has shared press images of its Supercenter design for their upcoming "large-format" stores. However, they have not disclosed which cities these stores will be in.
Walmart announced that certain locations will feature their new "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 in the process of remodeling 650 locations to incorporate this concept before the recent announcement.
In a statement released on Wednesday, Walmart president and CEO John Furner highlighted the significant financial investments made by the company in terms of labor, supplies, and tax revenue, which ultimately benefit the communities in which Walmart operates.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has announced that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment throughout the locations.
Aside from focusing on sustainability measures indoors, Walmart is also planning to make changes to 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 and more convenient for Walmart customers and employees to own and use electric vehicles.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of almost 1.6 million employees.
Check it out: The first images of what could be the future version of Walmart are now available. Credit for the gallery goes to Rob Carroll
Check out this gallery of 50 retail chains that have disappeared over time. Photo credit goes to Madison Troyer.
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