Walmart’s Big Apple plans on website
NEW YORK — Start spreading the news: Walmart wants to be a part of it — New York, N.Y. Though the retailer’s desire to enter the city is nothing new, its latest push shows that attitudes toward the retailer opening stores in New York City are changing — in Walmart’s favor.
The company recently launched WalmartNYC.com, a "community forum for customers, associates, stakeholders and public officials who want to learn more about Walmart as it continues to evaluate opportunities across the city," according to a company press release.
Walmart launched the site following a study by Douglas E. Schoen that showed 71% of New Yorkers surveyed favored Walmart coming to the city, and in the last year alone, city residents spent more than $165 million at Walmart stores outside the five boroughs.
“We know that job creation and access to affordable food are significant needs in the city, and we think our stores can be part of the solution,” said Steven Restivo, director of community affairs for Walmart. “At the same time, we know New Yorkers overwhelmingly support Walmart, so we’re using social media to listen to the conversation, tell our story and give our supporters a voice.”
Featuring media coverage, footage of Walmart shoppers from New York and facts and figures about the company, WalmartNYC.com will be a place for New Yorkers to learn more about Walmart and how they can help bring the retailer to the city, the company reported.
Walmart said that in February, it plans to set up informational kiosks at local stores in Secaucus and North Bergen, N.J., as well as Valley Stream, N.Y., to promote the new site.
Hy-Vee opens S.D. store
SIOUX FALLS, S.D. — Hy-Vee has opened its latest store in Sioux Falls, S.D., the grocery and retail pharmacy chain said.
Hy-Vee acquired the building, formerly a Sunshine Foods store, in September as part of the same transaction that included the opening of another Sioux Falls store and a store in Windom, Minn.
The 45,000-sq.-ft. store will employ 45 former employees of Sunshine Foods.
Target sets sights on Canada
MINNEAPOLIS — Just days after announcing 2011 U.S. expansion plans, Target announced an acquisition in Canada that will enable it to open between 100 and 150 stores during the next four years.
The company announced that it has agreed to pay C$1.83 billion to purchase from Zellers, a subsidiary of the Hudson’s Bay Co., the leasehold interests in up to 220 sites currently operated by Zellers. This transaction will allow Target to open its first Target stores in Canada beginning in 2013.
"This transaction provides an outstanding opportunity for us to extend our Target brand, Target stores and superior shopping experience beyond the United States for the first time in our company’s history," said Gregg Steinhafel, Target chairman, president and CEO. "We are very excited to bring our broad assortment of unique, high-quality merchandise at exceptional values and our convenient shopping environment to Canadian guests coast to coast. We believe our investment in these leases will strengthen the surrounding communities, as well as create strategic and financial value for Target stakeholders."
Target said it expects to open 100 to 150 Target stores throughout Canada in 2013 and 2014. The financial returns on these stores are expected to be in line with returns on new Target stores in the United States, resulting in dilution to earnings prior to store openings followed by accretion to earnings in the first full year of store operations, according to the company.
According to Target, its presence in Canada should create thousands of jobs, including several in the initial construction phase and associate positions once the stores are open. The company noted that a typical Target store in the United States employs approximately 150 to 200 team members.