Tag Archives: smaller format stores
The City Wire reports that Walmart’s switch to smaller format stores means that suppliers face several challenges, including the need to compete for shelf space: “[retail analyst Leon] Nicholas said Wal-Mart has been more cognizant of the store space in recent years and suppliers need to be ready for package redesigns and other creative display options in the coming year or so.” Read the full story at The City Wire.
TIME’s Christopher Matthews recently reported on the rise of the dollar store and why this retail model offers serious competition to big box chains, such as Walmart. Interestingly, Matthews also argues that Walmart’s move into smaller format stores, such as Walmart Express, might restore Walmart’s dominance of the retail sector: “Walmart recently announced a plan to ramp up its efforts to build smaller Neighborhood Market outlets, which will be on average about one-third the size of its traditional supercenters. These … Read More
Walmart’s success with smaller-format stores, such as Neighborhood Markets, has proven encouraging to the company, which has found itself in direct competition with more compact “dollar” stores: “Simon said the company plans to add 115 new outlets that have less than 60,000-square-feet of selling space this year. Walmart’s not abandoning the big box yet. Simon says to expect 125 Supercenters to open this year, too.” Get the full story at Forbes.