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Wal-Mart plans to add hundreds of smaller stores in next three years
Bentonville, Ark. -- Wal-Mart Stores, in a presentation at a Bank of America Merrill Lynch conference on Thursday, announced that it would open “hundreds” of smaller-format stores over the next three years.
According to Bill Simon, president and CEO of Wal-Mart U.S., the ramped-up development could be augmented by some acquisition activity, although he didn’t elaborate on specifics.
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Readers Speak Out: To what retailers will Borders' prime real estate go?
In the Feb. 24 edition of SiteTalk, we asked you about Borders'just-announced Chapter 11 bankruptcy and closures, and to what retailers you thought some of that prime real estate would go. Here is what two of our readers had to say:
"[I think they will go to] regional furniture chains [Value City] and regional electronics such as Hhgregg."
-- Joe Deckop
Columbus Consulting
Columbus, Ohio