The time of the small-format store has apparently arrived. Whether spurred by high gas prices that make shopping in the neighborhood more attractive or recognizing the potential of the Fresh & Easy model, retailers are suddenly interested in operating stores of 10,000 to 20,000 square feet. Tesco paved the way nearly seven months ago with its Fresh & Easy Neighborhood Markets; Safeway opened its first location of “The Market” earlier this month; and Wal-Mart Stores expects to open ...

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