REAL ESTATE

Walmart in line to open 500 Neighborhood Market stores by fiscal 2016

BY Marianne Wilson

New York — Walmart will open as many as 115 small-format stores this year, according to Bill Simon, president and CEO of Walmart U.S.

Simon discussed the chain’s store portfolio during a presentation at Raymond James Institutional Investors conference. He noted that Walmart’s smaller-format stores (below 60,000 sq. ft.) are making inroads against dollar stores, supermarkets and drug stores and will play a key role in the company’s future.

“They compete really well against multiple channels,” Simon said.

Simon explained that Walmart thinks of its smaller-format units, which include both the Walmart Express and Walmart Neighborhood Market banners, as hybrid stores rather than specific niche competitors.

“They are more hybrid stores than you would think … they all have fresh food and pharmacy and the Walmart everyday low price promise,” he said. “And they are all enabled with.com capabilities, and Site-To-Store capabilities. So you have that endless aisle that we can offer that others might not be able to offer.”

Walmart is particularly bullish on its Neighborhood Market concept, with a direct line to 500 by fiscal 2016, according to Simon.

“This is a great opportunity for us, he said. “Five hundred is by no means the end. It’s merely just the beginning of what we think the opportunity might be for this format.”

But the Walmart chief said the chain remains equally dedicated to its superstore concept.

“Supercenters are still a great growth vehicle for us from a dollar perspective and we’ll continue to build those where we see the opportunities,” Simon said. “We’ll add about 125 new supercenters this year.”

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D.Bradley says:
Dec-26-2013 08:12 pm

Walmarts Neighborhood Market concept
this will certainly effect Walgreens, CVS and Rite Aid. If they roll this out at 115 stores it will take a while, but eventually you will see them close enough to Walgreens or CVS to impact their bottom line. Any time a supercenter opens near a Walgreens, the pharmacy and front end of Walgreens suffers a loss of 25% or more.

D.Bradley says:
Dec-26-2013 08:12 pm

this will certainly effect Walgreens, CVS and Rite Aid. If they roll this out at 115 stores it will take a while, but eventually you will see them close enough to Walgreens or CVS to impact their bottom line. Any time a supercenter opens near a Walgreens, the pharmacy and front end of Walgreens suffers a loss of 25% or more.

S.Cahill says:
Mar-12-2013 11:46 am

Designed to penatrate urban markets?
Seems the advantage held by smaller format players will be challenged going forward in more mature markets. WallMart has been about savings on mass will it translate in to the local corner store? Simon sure thinks so!

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Office Depot shines light on teachers

BY CSA STAFF

BOCA RATON, Fla. — Office Depot is partnering with Real Change Productionsto recognize teachers for their positive influence on today’s youth, as well as raise awareness for a donation program benefiting classrooms throughout the country.

To officially kick off the partnership, Office Depot is the founding sponsor of the 2013 Real Change Artists For Education TV special, which will air April 23 on CBS as well as other syndicated networks (check local listings). Alongside Justin Bieber, Pitbull, Miley Cyrus, Jason Mraz, and others, Office Depot will shine the spotlight on teachers while rallying the nation to help give back.

The telecast will include visits to the artists’ hometown schools to acknowledge their most inspiring teacher, and Pitbull will celebrate his teacher that made a difference with a special performance at his former high school in Miami.

Starting today, teachers can visit www.officedepot.com/realchange to register for the program, which will then make their classrooms eligible to receive direct donations. Parents, students and friends can then visit www.officedepot.com/realchange to make a general donation or search for a specific teacher or school to make a donation that will benefit the specific classroom.

All funds donated will be distributed through AdoptAClassroom.org, an organization that connects donors with teachers to be classroom champions.

“We applaud Office Depot for their support and partnership in the Real Change program. Their contributions will significantly impact classrooms across the country by bringing supplies to teachers and students with limited resources,” said Liam Murphy, founder and CEO of Real Change.”

“At Office Depot, we recognize that teachers not only educate our children, but most importantly, have the power to change lives,” said Bob Moore, EVP and chief marketing and merchandising officer for Office Depot. “By providing teachers and students with the necessary resources, we hope to create healthy and happy learning environments for future growth.”

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Target challenges developers to create a new mobile experience

BY CSA STAFF

NEW YORK and MINNEAPOLIS — Target has teamed up with Fast Companyto launch Co.Labs & Target Retail Accelerator, a contest for developers to create a new mobile experience for Target and claim a $75,000 grand prize. Fast Company will chronicle the developers’ efforts on its new technology vertical Co.Labs.

The Retail Accelerator and Co.Labs both launch March 8 in concert with Target’s sponsorship of the Fast Company Grill, an exclusive, five-day experience to include a restaurant, lounge and arcade in Austin, Texas, just blocks from the Austin Convention Center. Target and Fast Company partnered to create the Retail Accelerator challenge to celebrate and foster technological innovations that are reshaping the retail industry.

"Innovation is core to Target’s culture and strategy, and we are always looking for new ideas to enhance the shopping experience for our guests," said Casey Carl, Target’s president of multichannel and senior vice president of enterprise strategy. "We’re proud to partner with an innovative publication like Fast Company, and we can’t wait to see what the developer community brings to the table through the Retail Accelerator."

Entries for the Retail Accelerator challenge will be accepted March 8 to April 30. Seven finalists will be selected in May by a panel of judges including Target and Fast Company executives as well as industry experts to be named at a later date. Each finalist will receive $10,000 to put toward development of their prototypes. The finalists will then build and present refined prototypes, and in July a winner will be announced to receive the $75,000 grand prize. Target will then work to bring the winning idea to life.

"When the dust settles, the Co.Labs & Target Retail Accelerator will show the industry just what kind of magic the future of retail has in store," said Chris Dannen, editor of Co.Labs. "If you love being a developer, Co.Labs will resonate with you, and if you are around software people – or just wish you were – then Co.Labs will show you how they tick."

Entrants in the Co.Labs & Target Retail Accelerator will be charged with demonstrating their full vision for creating a native mobile app, a mobile-enabled web experience or a mobile design that can be integrated into Target’s existing apps or mobile services. The mobile experience should incorporate at least one of these Target priorities: Social, In Store, Personalization and Education.

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