How many locations will Wal-Mart Stores, Inc. ($WMT) open in 2012? Neighborhood Markets?
In Wal-Mart Stores, Inc. ($WMT), Karen Roberts, the President of Wal-Mart Realty, noted:
we’ll open between 80 and 100 small-to-medium formats next year with a majority of those being Neighborhood Markets.
William S. Simon, Executive Vice President, Chief Executive Officer (CEO) of Walmart US, President of Walmart US:
And finally, down to the bottom line, so you can see our unit growth, 153 in fiscal ’11. We’ll deliver — that 153 in fiscal ’11, I think included some of the inbox conversions that we delivered and is probably not exactly an apples-to-apples comparison. The fiscal ’12 number, 142 to 150, increasing to 210 to 235. And as Karen just described to you, about 100 of those units will be Neighborhood Markets and Express stores, 80-ish Neighborhood Markets and 20 Express stores or so.
So, $WMT is opening 210-235 new stores in FY 2012
MINUS 80 Neighborhood Markets
MINUS 20 Express stores
Equals 110 – 135 new Wal-Mart stores in their new store expansion plan for FY 2012
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- Published:
- November 14, 2011 / 9:16 am
- Category:
- Bricks and Mortar vs. Online, Future Trends, Grocery Stores, Store Expansion, Value Retailers
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