Thursday, July 10, 2014





Wal-Mart to accelerate small store growth


February 17. 2013 9:23AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Wal-Mart Stores Inc. says it's accelerating its expansion of small stores as it looks to compete with a variety of rivals, from dollar stores to drug chains.


The company told investors at its analysts' meeting Wednesday that it plans to have a total of 500 Neighborhood Market stores and a total of 12 Express stores by fiscal 2016 .


Bill Simon, president of Wal-Mart's U.S. division says that Neighborhood Market store have generated a 5 percent increase in revenue at stores opened at least a year for the first half of this year. That's more than double the growth rate of the Wal-Mart's average store.


As of the end of July, Wal-Mart had 10 "Express" stores and had ramped up its "Neighborhood Market" concept to 217 locations.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds