May
16

No Wal-Mart for Chester

By
Wal-Mart won’t ‘Super-size’ in Chester

May 16, 2008

By Stephen Guilfoyle – Onlinechester.com

Wal-Mart is not going to build a supercenter in Chester County.

A company spokeswoman said the retail giant amended its business plan right about the time it was looking at Chester. That changed business plan led to a decision, made about a month ago, not to build a new store in Chester.

One of the company’s real estate arms had looked at a site on the J.A. Cochran Bypass across from the old mall and Pizza Hut, but it was a site that needed wetlands permitting.

The N&R broke the story Oct. 26 of Wal-Mart’s interest, which actually required an Army Corps of Engineers wetlands study.

Wal-Mart had announced its revised business strategy Oct. 23.

“We have dropped the plans for the store in Chester,” Tara Stewart, a public affairs specialist with Wal-Mart, said on Tuesday. “It was a business decision.”

Stewart sent two press releases which she said explains the company’s thinking about Chester.

The statements were about the company as a whole and did not mention Chester, or any specific location, by name.

According to one release, Wal-Mart operations in the United States are “focused on supercenters.”

“Wal-Mart is executing the plan announced June 1, 2007 to moderate its U.S. supercenter growth,” and it plans to open 195 supercenters in the United States this year, down 30 percent from the 281 opened during last fiscal year. Projections for next fiscal year and the following year call for 170 and 140 supercenters respectively, including expansions and relocations, a release from the company says.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.onlinechester.com/cgi-bin/storyviewnew.cgi?155+NewsLocal.2008515-4751-155-155007.Lead+NewsLocal
Categories : Chester

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