Tags: US | Wal | Mart | Urban | Expansion

Wal-Mart to Roll Out Smaller Stores Aggressively

Monday, 20 Sep 2010 03:41 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

NEW YORK — 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. Walmart stores open at least a year. That's considered a key indicator of a retailer's health.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Man in Dallas With Ebola Initially Sent Home With Antibiotics

Wednesday, 01 Oct 2014 08:27 AM

A man with Ebola in Dallas was initially sent home from the hospital with antibiotics after seeking treatment for an unk . . .

$1 Billion Recreation Spending Boosts Economies of 11 States

Wednesday, 01 Oct 2014 07:49 AM

$1 billion in recreation spending boosted the economies of 11 Western states in and around federally protected sagebrush . . .

Mayor of Bell Gardens Reportedly Shot by Wife

Wednesday, 01 Oct 2014 07:04 AM

Mayor Daniel Crespo of Bell Gardens in California was allegedly shot and killed by his wife, Levette, during a domestic  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved