BusinessWal-Mart To Roll Out Smaller Stores In Urban Areas

BusinessWal-Mart To Roll Out Smaller Stores In Urban Areas

The world's largest retailer aims to pump up sluggish U.S. sales with a format that's a fraction of the size of its supercenters.
"I see this as a smart move, instead of coming into a market as a 900-pound gorilla," said Faith Consolo, Chairman of real estate firm Prudential Douglas Elliman's Retail Leasing Division. She noted that Wal-Mart has been talking to landlords and brokers. "They're on an aggressive roll," she added. "This is a creative time. Everyone is thinking out of the box."