Dive Summary:
- Walmart currently has about 200 of its Neighborhood Market stores in the U.S., but plans to up that number in the coming year, with plans to build several new locations in Alabama and, according to comments to Wall Street analysts in November, about 100 new locations per year go forward.
- The Neighborhood Market concept launched in 1998 as Walmart's smaller Supercenter alternative.
- The stores are about 38,000 square feet in area on average, approximately a third the size of a Supercenter, carrying groceries, produce, meat, dairy, pharmacy and general merchandise.
From the article:
"... Shane Davis, the city's director of urban development, said Walmart is committed to building 'multiple' Neighborhood Market stores in Huntsville.
'They've not selected (the other sites), but we're happy that they're committed to our city,' Davis said Friday. 'They want quality locations, and they're going to be diligent about where they place them.' ..."
