-
Big Walmart on campus
TEMPE, Ariz. — Walmart has opened a new small-format store on the campus of Arizona State University as part of a pilot program.
The company announced its plans to open the 5,000-sq.-ft. store in the Vista del Sol plaza at the university in late March of this year. The store includes health and wellness services, a pharmacy, convenient shopping services, convenience items and merchandise tailored to the campus. The Walmart on Campus store is the second in the country, the first having opened at the University of Arkansas in Fayetteville in January 2011.
-
Tardy tax refunds, cool weather affect Walmart’s Q1
BENTONVILLE, Ark. — Same store sales at Walmart's U.S. stores declined 1.4% in the first quarter, but the retailer forecasts comps should rebound during the second quarter.
Sales were just below Wall Street expectations as the giant retailer struggled with a number of issues that impacted its U.S. sales, from the payroll tax increase to an unseasonably cold spring to delayed tax returns. The discounter also scaled back its earnings expectations for the current three-month period.