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Wal-Mart to grow Neighborhood Markets to 500 strong by 2016
Rogers, Ark. -- In its annual meeting with analysts on Wednesday, Wal-Mart Stores U.S. president Bill Simon said the retailer would accelerate small-store growth to compete with dollar stores and drug stores, and announced plans to have 500 Neighborhood Market stores and 12 Express stores by fiscal 2016.
“This gives us the opportunity to build more stores for less money," Simon said. Wal-Mart currently operates 217 Neighborhood Markets and 10 Express stores.
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Chill Berry to open in upper Manhattan
New York -- Prudential Douglas Elliman’s Retail Group said it has secured a long-term lease for Chill Berry Frozen Yogurt at 2121 Frederick Douglass Blvd., between 114th and 115th Streets in New York City.
It is the second of two Harlem-based stores for the owners, with the first on Lenox Avenue and 131st Street.
Neighboring businesses along the corridor include Harlem Tavern, the 5 and Diamond, Jado Sushi, Posh Paws, Mod Squad Cycles and Best Yet Market.