Wal-Mart Turns to Staten Island
New York City, After an unsuccessful first attempt at opening a store in New York City, Wal-Mart is hoping to build a store on Staten Island. In the past month, Wal-Mart has been putting ads in 70 community newspapers and using radio spots to win over New Yorkers on the idea. The giant retailer, however, has come across the not-in-my-backyard problem due to concerns about traffic and pollution.
According to government officials and developers, the store on Staten Island would be at the former Lucent Technologies factory site in Richmond Valley. Wal-Mart officials said the company wants a store in the nation’s largest city to add to its 3,762 stores nationwide. It hopes the ads will help its endeavor and that Wal-Mart soon will be available in one of the five boroughs.
Pantry Acquires 23 Stores
Sanford, N.C., The Pantry completed the acquisition of 23 Sentry Food Mart c-stores in Virginia. The stores had been owned by Angus I. Hines and generated revenue of $122 million in 2004. Terms of the deal were not disclosed.
Whole Foods Announces Plans for London Flagship
Austin, Texas, Whole Foods Market announced today that it plans to open a 75,000-sq.-ft. flagship store in central London on Kensington High Street. The expected opening date is early 2007.
According to chairman and CEO John Mackey, the United Kingdom is an obvious choice “due to the advanced acceptance of organic foods and the lack of a language barrier.”
The world’s leading natural and organic foods supermarket had acquired U.K.-based Fresh & Wild, a small chain of natural and organic food stores, in January 2004 and subsequently announced its intention to find a site for a large-format Whole Foods Market store in the London area.