Wal-mart will purue urban areas with smaller stores. That will be good for some communities that grocery stores have abandoned.
And its bigger picture in context of going with smaller stores also seems to include aims to overhaul the global food supply chain, meaning they will go local, use local farmers. How kind of Wal-Mart to recognize its own footprint on the world and system. Have they been listening to Bill Gates's speeches on calls for a kinder capitalism?
See these articles:
Wal-Mart Stores Inc., the world's largest retailer, expects to open 30 to 40 smaller-format stores in fiscal 2012 as it seeks to enter urban markets to jump-start growth in the U.S. ... The company sees a true need for stores smaller than its supercenters, which average about 185,000 square feet, Bill Simon, U.S. stores' chief, told investors today at a conference in Rogers, Ark.
- Walmart Will Shrink Big-Box Stores to Chase Urban Shoppers
- Wal-Mart Focusing on Smaller Stores, Discounts
- Bloomberg Would Support Wal-Mart Stores in NYC
- Wal-Mart plans smaller, urban store near 100 Oaks Mall
- Wal-Mart's Plan for Small Farmers Expands Private-Sector Climate Agenda
- Global Agriculture Gets the Walmart Sustainability Treatment
- "Wal-Mart to Sell More Local Produce"
- A Peek Behind Wal-Mart's Sustainable Ag Push
- Wal-Mart's Holiday Wish: Better Sales
All I can say to this news is this:
- I hope they are sincerely concerned now about people as much as money.
- Remember the Gulf Oil Spill and BP, a company that presented an image of being green in order to capitalize on changing attitudes about energy and the environment.