Wal-Mart Neighborhood Market
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| Type | Grocery |
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| Founded | 1998 |
| Headquarters | Bentonville, Arkansas |
| Industry | Retail |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor |
| Revenue | $4.8 billion USD (2007)[1] |
| Website | None |
Walmart Neighborhood Market, formerly known as Wal-Mart Neighborhood Market, is a chain of grocery stores launched by Wal-Mart in 1998. These stores are designed to be the opposite of vastly larger superstores. These smaller stores are meant to "woo shoppers with easier parking, less crowded aisles and quicker checkout." Neighborhood Market stores offer a variety of products including a full-line of groceries, pharmaceuticals, health and beauty aids, photo developing services, and a limited selection of general merchandise. Generally located in markets with Wal-Mart Supercenters, they supplement Wal-Mart's strong food distribution network. As of January 31, 2008, there were 132 of them in the United States.[2] Until 2008, the chain bears the old 1992-2008 Wal-Mart logo for a few months after its release, but was replaced by the new Wal-Mart in November 2008.
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[edit] History
First opened in 1998, Neighborhood Markets range around 40,000 square feet (3,700 m2), which is a quarter of the size of a typical Wal-Mart Supercenter in the United States. However, in many countries, stores of this scale would be classified as superstores or "compact hypermarkets". Neighborhood Markets employ 80-100 employees and offer about 28,000 items.
[edit] Puerto Rico
In July 2004, Wal-Mart acquired Amigo Supermarkets located in Puerto Rico, they are very similar to the Neighborhood Markets, but the store name remains as Amigo and employees use Wal-Mart ID tags to identify themselves.
[edit] Canada
In 2006, the concept rolled into Canada. Wal-Mart opened three stores in 2006 (one in London, Ontario, and two in the Greater Toronto area), but the number could increase by the end of the year. In Canada, Neighborhood Markets are connected to regular Wal-Marts to form Wal-Mart Supercentres. There are now over 30 Supercentres in Canada with plans for over 100.
[edit] United States
The Neighborhood Market chain has expanded into most major markets in the United States as of 2008. Some of these stores are located relatively close to existing Walmart Supercenter stores; such examples include Centerpoint, Alabama, Mandeville, Louisiana, Homewood, Alabama, Sherwood, Arkansas, Fayetteville Arkansas and Southaven/Horn Lake, Mississippi, and Lexington, Kentucky, with aggressive expansion of this division planned for the next five years.
[edit] References
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This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (May 2007) |
- ^ [1], Supermarket News, Last accessed March 13, 2008.
- ^ "Corporate Profile." Wal-Mart. Retrieved on November 10, 2006.
[edit] External links
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