Wal-Mart Neighborhood Market
From Wikipedia, the free encyclopedia
Wal-Mart Neighborhood Market | |
Type of Company | Grocery |
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Founded | 1998 |
Headquarters | Bentonville, Ark. |
Industry | Retail |
Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor |
Website | None |
Wal-Mart Neighborhood Market is chain of grocery stores launched by Wal-Mart in 1998. These stores are designed to be the opposite of vastly larger superstores. These smaller stores are meant to "woo shoppers with easier parking, less crowded aisles and quicker checkout." Neighborhood Market stores offer a variety of products including a full-line of groceries, pharmaceuticals, health and beauty aids, photo developing services, and a limited selection of general merchandise. Generally located in markets with Wal-Mart Supercenters, they supplement Wal-Mart's strong food distribution network. As of October 31, 2006, there were 110 Neighborhood Markets in the United States.[1]
Contents |
[edit] History
First opened in 1998, Neighborhood Markets range around 40,000 square feet, which is a quarter of the size of a typical Wal-Mart Supercenter in the United States. However, in many countries, stores of this scale would be classified as superstores or "compact hypermarkets". Neighborhood Markets employ 80-100 employees and offer about 28,000 items.
[edit] Puerto Rico
In July 2004, Wal-Mart acquired Amigo Supermarkets located in Puerto Rico, they are very similar to the Neighborhood Markets, but the store name remains as Amigo and employees use Wal-Mart ID tags to identify themselves.
[edit] Canada
In 2006, the concept will be rolled into Canada. The number of stores opening in 2006 is currently three stores (one in London, Ontario, and two in the Greater Toronto area), but the number could possibly increase by the end of the year.
[edit] References
- ^ "Corporate Profile." Wal-Mart. Retrieved on November 10, 2006.
[edit] External links
Wal-Mart Stores, Inc. |
Key People: Sam Walton | David Glass | Lee Scott | Jim C. Walton | Bud Walton | S. Robson Walton | Douglas Daft |
Assets: Amigo Supermarkets | ASDA | Sam's Club | Wal-Mart Discount Stores | Wal-Mart Neighborhood Market | Wal-Mart Supercenter | Walmex |
Annual Revenue: $288 billion USD (10% FY 2005) | Employees: 1.7 million | Stock Symbol: NYSE: WMT | Website: www.walmartstores.com |