Wal-Mart Unveils Plans for New Smaller Store Format


Bill Simon, Wal-Mart’s U.S. president and CEO, explained in a statement that the company will move to a three-format portfolio. The large format is the Walmart supercenter, which carries both groceries and general products. The next size smaller — stores between 30,000 square feet and 60,000 square feet — will be based on a market’s specific needs, and the new under 30,000 square foot template will be aimed at small towns and urban markets, according to the statement.

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Michael Dodds
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