Aug
23

Wal-Mart Banking On Smaller Formats to Drive U.S. Growth

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The time may have come for Wal-Mart Stores Inc., the ultimate big-box retailer, to shift its focus from superstores to smaller convenience stores in its effort to drive U.S. growth.

Today, the retailer remains in command of the U.S. retail market, in spite of several quarters of less-than-stellar performance in its U.S. division. Yet the Bentonville Behemoth will have to step up its game if it wants to hold onto that position against competitors including Target, the dollar stores and discounters like Kohl’s and TJX Cos. Inc.

Wal-Mart has long been used to dominating the U.S. retail landscape, and the consumers’ shift toward value in recent years has served to strengthen its market-leading image. In July, Wal-Mart had once again claimed the top spot on the National Retail Federation’s Top 100 Retailers list, with more than $307 billion in U.S. sales in 2010 and 4,358 international stores.

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Categories : National News

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