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Wal-Mart Neighborhood Market
From Wikipedia, the free encyclopedia
| Wal-Mart Neighborhood Market | |
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| Type | Grocery |
| Founded | 1998 |
| Headquarters | Bentonville, Arkansas |
| Industry | Retail |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor |
| Revenue | $7.0 billion USD (2006)[1] |
| Website | None |
Wal-Mart Neighborhood Market is chain of grocery stores launched by Wal-Mart in 1998. These stores are designed to be the opposite of vastly larger superstores. These smaller stores are meant to "woo shoppers with easier parking, less crowded aisles and quicker checkout." Neighborhood Market stores offer a variety of products including a full-line of groceries, pharmaceuticals, health and beauty aids, photo developing services, and a limited selection of general merchandise. Generally located in markets with Wal-Mart Supercenters, they supplement Wal-Mart's strong food distribution network. As of May 31, 2007, there were 118 Neighborhood Markets in the United States.[2]
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First opened in 1998, Neighborhood Markets range around 40,000 square feet, which is a quarter of the size of a typical Wal-Mart Supercenter in the United States. However, in many countries, stores of this scale would be classified as superstores or "compact hypermarkets". Neighborhood Markets employ 80-100 employees and offer about 28,000 items.
In July 2004, Wal-Mart acquired Amigo Supermarkets located in Puerto Rico, they are very similar to the Neighborhood Markets, but the store name remains as Amigo and employees use Wal-Mart ID tags to identify themselves.
In 2006, the concept rolled into Canada. Wal-Mart opened three stores in 2006 (one in London, Ontario, and two in the Greater Toronto area), but the number could increase by the end of the year.
In July of 2007, Wal-Mart announced they would be opening a Wal-Mart Neighboorhood Market in Norfolk, Virginia during the Fall of 2008. One such store already exists in Evansville, Indiana and one in Tucson, Arizona.[3]
| This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (May 2007) |
- ^ 2007 Top 75 North American Food Retailers, Supermarket News, Last accessed February 24, 2007.
- ^ "Corporate Profile." Wal-Mart. Retrieved on November 10, 2006.
- ^ "Walmart Store Details." Wal-Mart. Retrieved on August 18, 2007.
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| Key People: | Sam Walton · David Glass · Lee Scott · Jim C. Walton · Bud Walton · S. Robson Walton · Douglas Daft |
| Assets: | Amigo Supermarkets · ASDA · Sam's Club · Wal-Mart Discount Stores · Wal-Mart Neighborhood Market · Wal-Mart Supercenter · Walmex |
| See Also: | Criticism of Wal-Mart · History of Wal-Mart · List of assets owned by Wal-Mart Stores, Inc. · List of Wal-Mart articles · List of Wal-Mart brands |
Annual Revenue: $288 billion USD ( 10% FY 2005) · Employees: 1.8 million · Stock Symbol: NYSE: WMT · Website: www.walmartstores.com |
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