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Walmart debuts neighborhood market concept in Nebraska
Omaha, Neb. -- Wal-Mart Stores said it will build its first neighborhood market in Nebraska, a 34,000-sq.-ft. store opening in northwest Omaha.
Walmart last week opened the first of five market stores opening by Nov. 2 in Wichita, Kan. It was the retail giant's first venture into that city with the smaller market stores.
The full range of products to be sold at the new Walmart market includes fresh meats, vegetables, dairy products, dry goods and staples, bakery and deli items, canned and packaged goods, and pet and household supplies. -
Tesco pulls out of Japanese market
London -- Grocery giant Tesco PLC said Wednesday it is pulling out of Japan, which means shuttering 129 small, leasehold-owned stores in the Greater Tokyo area, which employ 4,000 people. The country is the smallest of Tesco’s international retail businesses, and the weakest for sales growth in the 2010-2011 fiscal year.
“Having made considerable efforts in Japan, we have concluded that we cannot build a sufficiently scalable business,” said Philip Clarke, CEO.