Wal-Mart chooses to downsize?
For years consumers have flocked to Wal-Mart as their must shop place for everything. Whether you love it, hate it or hate to love it, one thing is undeniable: Wal-Mart supercenters are the only place you can buy groceries, clothes and pet supplies as well as grab lunch, a manicure, eye exam and oil change. For lack of a better term, Wal-Mart is the quintessential place for “destination shopping.” Now that consumers are used to their one-stop shop as well as new layouts being implemented across the nation, the company has decided to downsize?
Try not to get to excited. This does not mean that they unsightly brown, blue and gray building you secretly despise is closing; in fact it is just the opposite. Wal-Mart has opted to roll out mini stores in a variety of urban markets. Essentially making Wal-Mart Marketplace (rumored name) your quick store around the corner. Details are still in the works and executives say there will be more information in the coming months.
The goal of the new mini stores is to help supply more jobs and more convenient shopping for consumers in a sluggish economy. It started with just four stores that have been highly successful. Now this retailer is looking for prime Real Estate that is around 20,000 square feet for each of the projected stores. The stores are said to be bigger than a drug store, but significantly smaller than a supermarket.