Walmart is planning to expand their stores by adding larger locations and implementing electric vehicle charging stations. They also have plans to enhance some of their current stores.
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.
How does Walmart's new "large-format" store design look? Walmart has released press images showcasing its Supercenter design for these planned stores, but has not disclosed which cities will be home to them.
Walmart announced that they will be implementing their "Store of the Future" concept in various locations, which will feature more displays and QR codes for customers to scan for more information about products. Before this announcement, Walmart was already in the process of renovating 650 locations to include this concept.
Walmart president and CEO John Furner stated in a released statement on Wednesday that the company's investments in labor, supplies, and tax revenue amount to millions of dollars, benefiting the communities where their stores are located.
CNBC reported that the company did not disclose the expenses associated with the stores.
Walmart has revealed that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment in their design.
Aside from the sustainability initiatives within its stores, Walmart is also planning to revamp 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 for their customers and employees to own electric vehicles. The goal is to make EV ownership more convenient and accessible for everyone involved.
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 first images of what could be the future of Walmart. Photo credit goes to Rob Carroll.
Check out this gallery showcasing 50 retail chains that have closed down. The credit for the gallery goes to Madison Troyer.
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