Wal-Mart Neighborhood Market
Encyclopedia : W : WA : WAL : Wal-Mart Neighborhood Market
Wal-Mart Neighborhood Market stores are designed to be the opposite of vastly larger superstores. These smaller stores are meant to "woo shoppers with easier parking, less crowded aisles and quicker checkout". Neighborhood Market stores offer a variety of products including fresh produce, deli foods, fresh meat, dairy items, pharmaceuticals, health and beauty aids, photo developing services, and a small selection of general merchandise. Generally located in markets with Wal-Mart Supercenters, they supplement Wal-Mart's strong food distribution network.
History
First opened in 1998, Neighborhood Markets range from 42,000 to 55,000 square feet (3,900 to 5,100 m²), which is a quarter of the size of a typical U.S Wal-Mart Supercenter. However in many countries stores of this scale would be classified as superstores or "compact hypermarkets". Neighborhood Markets employ 80-100 employees and offer about 28,000 items.
2004
In July of 2004, Wal-Mart acquired Amigo Supermarkets located in Puerto Rico, they are very similar to the Neighborhood Markets but the store name remains as Amigo, and employees use Wal-Mart ID tags to identify themselves.Today
In 2006, the concept will be rolled into Canada. The number of stores opening in 2006 is currently 3 stores (one in London, Ontario and 2 in the Greater Toronto Area) but the number could possibly increase by the end of the year.As of July 2006, there were a total of 104 Wal-Mart Neighborhood Markets in the United States, an 18% increase over the year before.
See also
References
| Wal-Mart Stores, Inc. |
|
Corporate Directors: James Breyer | Michele Burns | Douglas Daft | David Glass | Roland Hernandez | John D. Opie | Paul Reason Lee Scott | Jack Shewmaker | Jose Villarreal | Jim Walton | S. Robson Walton | Christopher J. Williams | Linda S. Wolf |
|
Assets: Amigo Supermarkets | ASDA | Sam's Club | Wal-Mart Discount Stores | Wal-Mart Neighborhood Market | Wal-Mart Supercenter | Walmex See Also: Criticism of Wal-Mart | List of assets owned by Wal-Mart Stores, Inc. | List of Wal-Mart brands | [[Wal-Mart: The High Cost of Low Price]] |
| Annual Revenue: 8 billion USD ( 10% FY 2005) | Employees: 1.7 million | Stock Symbol: NYSE: [WMT] | Website: [www.walmartstores.com] |
From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.