WAL-MART STORES' EFFORTS to expand its supercenters in the U.S. might be reaching their limits, but observers say there are plenty of available locations for smaller-format stores. “There's a whole laundry list of medium-sized boxes that are sitting there vacant,” said Matt Casey of Clark, N.J.-based site-selection and consulting firm Matthew P. Casey & Associates. “There's a lot of real estate out there — a lot of recycled property.” Although Casey said he has not heard of Wal-Mart ...

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