SMALL-FORMAT STORES might be as important to Wal-Mart Stores' future expansion as its EDLP platform has been to its historic growth. “It represents a long-term opportunity for them, and something that they need to get right in order to grow, because they are going to be running out of places to locate what they know works, which is the supercenter format,” said Jim Hertel, managing partner at consulting firm Willard Bishop LLC, Barrington, Ill. Wal-Mart Stores debuted ...

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