CHICAGO — Wal-Mart Stores is shifting resources it devoted to remodels back into its new-store pipeline, saying a slowdown in new-store builds in recent years has contributed in part to its declining same-store sales. In a presentation here last week, Bill Simon, president and chief executive officer of Walmart U.S., said moderated supercenter growth since 2007 has negatively affected comp sales since those stores tend to perform best in their second, third and fourth ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.