Walmart is planning to expand its store presence by adding larger stores and installing electric vehicle charging stations. They have a strategy in place to grow their store footprint and enhance existing locations.
According to CNBC, 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 opened any new stores in the last three years.
What does a Walmart Supercenter with a "large-format" look like? Walmart has shared press images of its new design for these planned stores, but they have not disclosed the specific cities where they will be located.
Walmart announced that their stores will feature the "Store of the Future" concept, which includes more displays and QR codes for customers to scan and access more information about products. Before this announcement, Walmart was already remodeling 650 locations to include this concept.
In a statement released on Wednesday, Walmart president and CEO John Furner mentioned that the company's investments in labor, supplies, and tax revenue amount to millions of dollars. These investments have a positive impact on the communities where Walmart operates.
According to CNBC, the company chose not to disclose the price of the stores.
Walmart is planning to build new stores with sustainability in focus, incorporating energy-efficient lighting and equipment throughout the locations.
Aside from focusing on sustainability measures within its stores, Walmart is also planning to revamp its parking lot. The company announced intentions to install rapid-charging stations specifically for electric cars.
Walmart is planning to create a network of fast-charging stations for affordable 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 first images of what the future Walmart store could look like. These photos were credited to Rob Carroll.
Check out this gallery of 50 retail chains that were once popular but have now disappeared. The credit for the gallery goes to Madison Troyer.
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