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Wal-Mart Growth Heavy on Small-Format Stores

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After facing a few hurdles in developing its small-format units, Wal-Mart is reporting its Neighborhood Market and Express locations are taking market share away from dollar stores, supermarkets and drugstores, according to The Wall Street Journal.

As a result, in the current fiscal year, approximately 40 percent of Wal-Mart's new store openings will be in the small-format category. According to Bill Simon, who heads Wal-Mart's U.S. division:

"We can deliver price, and assortment and fresh food and Rx," suggesting that rivals like dollar stores come up lacking.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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