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Walmart to grow neighborhood markets to 500 strong by 2016

from Chain Store Age

In its annual meeting with analysts, Walmart Stores U.S. president Bill Simon said the retailer would accelerate small-store growth to compete with dollar stores and drug stores, and announced plans to have 500 Neighborhood Market stores and 12 Express stores by fiscal 2016. "This gives us the opportunity to build more stores for less money," Simon said. Walmart currently operates 217 Neighborhood Markets and 10 Express stores. more

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