Walmart is expanding their retail presence by adding more large stores and installing electric vehicle charging stations. They have a strong strategy in place to grow their store network and improve existing locations.
CNBC announced that the company plans to construct or transform over 150 "large-format" stores throughout 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.
Images released by Walmart show the design of their Supercenter stores, which are considered to be "large-format". The company has not disclosed the specific locations where these stores will be built.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, which will feature more displays and QR codes for customers to scan and access more product information. Prior to this announcement, Walmart was already in the process of remodeling 650 locations to include this new concept.
In a statement released on Wednesday, Walmart's president and CEO, John Furner, highlighted the significant financial investments the company has made in labor, supplies, and tax revenue to benefit the communities where their stores are located.
CNBC reported that the company chose not to disclose the price of the stores.
Walmart has stated that their new stores will prioritize sustainability by incorporating energy-efficient lighting and equipment in their design.
Aside from the sustainability initiatives indoors, 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 nationwide network of affordable electric vehicle charging stations to make owning an electric vehicle more convenient for both customers and employees.
According to CNBC, Walmart has over 4,600 stores in the United States and provides jobs for almost 1.6 million individuals.
Check out the initial pictures of what the future Walmart store could look like. The photo credit goes to Rob Carroll.
Check out this collection of 50 popular retail stores that have closed down. This gallery was put together by Madison Troyer.
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