What can we help you cover!
Bookmark and Share

U.S. retail giant Walmart said it would test a smaller-store format with the launch of Walmart Express -- stores that will often include gas stations.

The average Walmart superstore is about 184,000 square feet. The Walmart Express stores will average 15,000 square feet, MarketWatch reported.

Most Walmart Express stores will include a pharmacy and carry up to 13,000 items. The superstores sell about 100,000 items.

"Small stores are going to be a very good growth opportunity for us. They allow us to get access to places we aren't in. We have a pretty aggressive plan to build those," said Walmart U.S. chief executive Bill Simon.

Smaller stores allow Walmart to open outlets in smaller towns, such as Gentry, Ark., population 3,000, where one of the first two Walmart Express stores will be built.

While sales at Walmart's large stores have declined for eight consecutive quarters, stores at the 40,000-square-feet outlets called Walmart Market saw sales increase 4 percent in the first quarter of 2011.

www.reliableins.net
Posted 10:13 AM

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

Our Customer Feedback

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
© Copyright. All rights reserved. Powered by Insurance Website Builder