Friday, December 17, 2010

Wal-Mart Tries Again for New York City Store

Here are some recent stories on Wal-Marts attempt to invade NYC:
New York City Council Postpones Wal-Mart Hearing 
Citing a committee room too small to accommodate growing interest in a hearing next week about the economic impact of Wal-Mart opening stores in New York, the New York City Council postponed the meeting until next year, when it will be held in a larger space.

See Also: Wal-Mart Tries Again for New York City Store
"We needed a bigger room," Council speaker, Christine C. Quinn, said. "We heard from unions all across the city, small business leaders from across the city. It's a growing list of people."

Walmart Makes Another Push Into New York City
Walmart hasn't given up on New York yet and is looking at real estate throughout the city. Many other metropolitan areas have blocked the retailer, largely over fear that it will damage the prospects of small local stores and regional chains. 

NY Daily News: Wal-Mart May Land in East New York; Community Braces for Big-Box Retailer
East New York is bracing for what could be the city's first Walmart, as the big box chain seriously eyes a site in the neighborhood.  "Related basically threw the supermarkets under the bus and decided to put all its eggs in the Walmart basket," said a real estate source

Tuesday, October 19, 2010

Walmart News: Walmart Confirms Smaller Stores, After Chicago Win, Will Wal-Mart Look to New York?

After Chicago Win, Will Wal-Mart Look to New York?
Wal-Mart won the right to open two more stores in Chicago this year, but does that man the world's largest retailer can eventually take Manhattan?

Wal-Mart Confirms Smaller Stores
The retailer confirmed that it will open medium- and smaller-sized stores beginning next year in urban areas and small towns. 

Wal-Mart to End Employee Profit-Sharing in February
Wal-Mart plans to end profit-sharing contributions in February, replacing them by matching some of the dollars employees put in their 401(k) retirement plans to pare expenses. Meanwhile, they're expecting "positive" 4Q sales.

Union Opposes Wal-Mart Expansion
A Rep of UFCW Local 152 said the union will raise objections to the company's proposed 40,000-square foot addition plans to add a full grocery component, including produce, deli and bakery sections, and keep the store open 24 hours. 

Massmart Meets Unions on Walmart Offer
Massmart executives have contacted labor unions regarding the offer by global retail giant Wal-Mart to purchase the local company for R30billion. 

Wal-Mart To Boost Buying From Local Farms
Wal-Mart is planning to double the sales of fresh produce it sources from local farms in its U.S. stores by the end of 2015. 

Daily Finance: 5 Fun Facts On Wal-Mart
The Top-line numbers don't convey just how massive Wal-Mart really is. To further understand this retail giant, here are some fun facts that help illustrate its heft...

Holiday Wish: Better Sales
Although the world's largest retailer has been losing sales to its competitors this year, they expect sales to improve in the critical holiday shopping season. "We expect positive sales results in the fourth quarter"- Mike Duke, Wal-Mart's CEO

New Baltimore Walmart Plans Anger Some
"We've looked at all the impacts of big box retailers around the country on urban communities, and we're not happy with what we learned,"- Betty Robinson of Baltimore

Groups Sue to Block Rohnert Park Wal- Mart Expansion
Sonoma County, CA-- The County Conservation Action argue that the council's decision effectively violated the land use policies outlined in the city's general plan, which calls for encouraging supermarkets to be "close to where people live". 

Colonie Rejects Super Walmart Plan
Latham, NY-- The board voted unanimously against the proposed 184,000- square-foot store during a public meeting that stretched into the early morning hours of Sept. 15.

Wal-Mart to Split Merchandising Responsibilities Among 4 Executives
The decision, which may not be permanent, raises some uncertainty about how the world's largest retailer will shape its merchandising  strategy. 

Wal-Mart Remodeling Many Wholesale Clubs
The remodeling is to better compete with rivals such as Costco. The new look includes wider aisles and lower shelves to offer a more expansive view of the store.

Walmart to Become Supercenter in Whitehall
Whitehall, PA-- Officials approve plans to tear down Sam's Club to make way for 180,000-square-foot general merchandise and grocery store with drive-through pharmacy and garden center. 

Wal-Mart Retailers Must Face Organic Milk Lawsuit
A federal appeals court reinstated a nationwide lawsuit accusing Wal-Mart Stores, Target and other major retailers of misleading consumers in the marketing of organic milk. 

Wal-Mart Sets Sights on San Francisco
As a part of its new "urban strategy," the world's largest retailer is looking to open two dozen stores in the Bay Area

Tuesday, July 20, 2010

Wal-Mart's News: July

Chicago, IL--Wal-Mart Announced they want to open "dozens of new stores" in the next five years in various sizes ranging from 8,000 square feet to the typical  200,000 square feet Supercenter. 

Just a few days after Wal-Mart Stores appears to have won over skeptics in the Windy City of Chicago, the retailer has its sights set on another untapped metropolitan area: Washington, D.C. 

Community groups claim victory, but retail giant won't pay "living wage" unions wanted. 

Portola Valley, CA-- The Walmart Store at Westridge Shopping Center in Salinas will reopen in the fall when a renovation is completedm a company spokeswoman said. 

Dallas, TX--The City Council voted unanimously to advance talks to sell a four-acre plot of land to Wal-Mart Stores Inc. to develop a small grocery. 

Johnson City, TX-- Walmart said that it will present $16,500 in grants from the Walmart Foundation to eight area organizations during the grand opening of its second store in Broome County. 

Franklin, NC-- On Aug. 2, anyone with an opinion on the proposed Walmart Supercenter will have a chance to address the town board in a public hearing at 7:05pm at town hall. 

OHIO- According to site plans recently filed with the township, LRC Development Co. of Akron is proposing two large retail buildings on Rothrock Road in Copley.

Walmart Near Battlefield Back in Virginia Court
ORANGE, Va-- A trail date is expected to be set on a bid to block a Walmart Supercenter near an endangered Civil War battlefield in northern Virginia. 

Another Billionaire Bailout for Wal-Mart Developer
Bridgeton, MO-- One of the richest people in America was given millions in public welfare to build an unnecessary Wal-Mart. This "bailout for Billionaires" was the work of the Bridgeton, Missouri City Council, where economic  illiteracy trumps common sense. 

Wal-Mart Fighting $7,000 Fine in Trampling Case
Wal-Mart Stores has spent a year and more than a million dollars in legal fees battling a $7,000 fine that federal safety officials assessed after shoppers trampled a Wal-Mart employee to death at a store on Long Island on the day after Thanksgiving in 2008. 

Medical Marijuana User Sues Over Walmart Firing
DETROIT-- A man who uses medical marijuana to treat symptoms of an inoperable brain tumor and cancer claims in a lawsuit filed when he was wrongfully fired from a Walmart store in Michigan after testing positive for the drug. 

Putting Screws to Suppliers Means Big Cash For Wal-Mart
Retail and consumer goods manufactures realize significant sales through Wal-Mart's retail channel giving Wal-Mart leverage to influence suppliers to sell at cheaper prices. With its power over suppliers and strong credit quality, can thus efficiently manage its working capital. 

Sam's Club Will Offer Small Business Loans
NEW YORK-- Wal- Mart's Sam's Club chain is teaming up with a lender to offer loans of up to $25,000 to its small business members. 

The Stats Behind Walmart

It's Called Capitalism
Walmart CEO Michael Duke's $35 million annual salary constitutes an hourly wage equal to the annual salary of the average Walmart employee. New Walmart employees are paid a gross salary of $13,650 a year. Thus, over a single lunch, Duke makes the yearly salary of one of his workers. 

Walmart Contributing to Destruction of Indonesia's Rainforests
Major U.S. companies are contributing to the destruction of Indonesia's rainforest's by sourcing paper from Asia Pulp and Paper (AAP)

Wal-Mart and Procter & Gamble Join Forces
To promote more family friendly shows, the "project" is a secret community of geniuses formed to solve some of the world's problems, and they must fight to keep a new technology from falling into evil hands.