Wal-Mart Stores Inc. is planning an aggressive push into urban markets with a new small format that’s a fraction of the size of its supercenters.
The expansion is aimed at pumping up sluggish U.S. sales. The retailers is expected to spell out more details next month at a meeting with analysts.
Real estate executives say that this summer the world’s largest retailer has been scouring for small locations, around 20,000 square feet, in urban areas including New York City and San Francisco. That’s larger than a typical drugstore but smaller than a supermarket.
Wal-Mart just reported its fifth straight quarterly decline in revenue at U.S. Wal-Mart stores open at least a year. That’s considered a key indicator of a retailer’s health.
Any Wal-Mart I walk into at any time of day is stuffed to the gills with frenzied shoppers. Oh great. Smaller Wal-Marts stuffed with the same amount of frenzied shoppers! Excellent idea!
rockfalls il has an original walmart store. although it has been updated it`s sq footage is the same since the late 70`s.
Yay 4 Walmart. People in urban centers can use low cost merchandise too, especially in the worst recession since the 30s.
Keep buying that cheap Chinese junk at Walmart, and you’ll be helping to bury the US economy forever.
Totally agree with JM. Wal Mart and people buying real estate that they could nof afford are two of the main reasons that we are in such a long recession. We don’t have factory jobs because Wal Mart makes everything in China or worse. You get what you pay for…and I gather that people who shop at Wal Mart do not EVER want those jobs to come back to the US.
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This is a great plan to turn Downtown into plywood city.
I can hardly wait.
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Just love how the oppressed support the oppressors. “Yeah more Wal-Mart…” [Noticed the official Wal-Mart spelling was in my Microsoft dictionary]
May we all live to see the revolution….
This ends the unions from stopping WalMarts in urban areas. They have used planning to limit the size of stores which kept the competition out. By fitting a smaller store the unions, and their elected stooges will not be able to prevent them doing business. OUCH to the grocers union.
That’s odd, the Hanes socks and at least half of the other stuff I buy at Wal Mart is US made. If you’re so completely wrong about this fact, I wonder how many other mistakes you’re basing your opinion on.
Unless of course your opinion is simply an expression of elitism and you really don’t have any facts that you didn’t learn from another elitist’s outdated and factually incorrect ravings on a newspaper comment board.
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