Walmart will be opening more small stores next year and beyond as the company pursues a vision of omnichannel retailing that it contends no other company is capable of executing.
When planning commission officials in Northwest Arkansas gave Walmart the go ahead for a 40,000-sq.-ft. store in Bentonville, Ark., back in 1998, it was the retail industry’s biggest story that year.
Walmart’s pharmacy footprint is poised for its most meaningful expansion in decades, thanks to shifting capital expenditure priorities that have begun to favor more aggressive expansion of smaller stores.
Walmart plans a modest acceleration of its small-format stores in the coming years as investors were assured Wednesday that financial returns are now comparable with the company’s large supercenters.
Wal-Mart Stores is in search of a new head of its global e-commerce and global sourcing businesses, now that Eduardo Castro-Wright announced his retirement effective July 1, 2012.