Walmart Market

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Walmart Market
Type Subsidiary of Wal-Mart Stores, Inc.
Industry Retail
Founded 1998
Number of locations 286[1]
Products Bakery, dairy, deli, frozen foods, grocery, meat, pharmacy, produce, seafood, snacks, liquor
Revenue $4.8 billion USD (2007)[2]
Parent Walmart
Website Walmart.com

Walmart Market is a chain of grocery stores launched by Walmart in 1998.[3] 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." Walmart Market stores offer a variety of products including a full line of groceries.

History[edit]

Exterior of a Neighborhood Market by Walmart in Winter Springs, Florida
First Neighborhood Market Logo used from 1998-2008.
Second Neighborhood Market Logo used from 2008-2010.

Introduced in 1998 as Wal-Mart Neighborhood Market (some stores still call it Walmart Neighborhood Market), Walmart Markets range around 40,000 square feet (3,700 m2), which is a quarter of the size of a typical Walmart Supercenter in the United States. However, in many countries, stores of this scale would be classified as superstores or "compact hypermarkets." Walmart Markets employ 80–100 employees and offer about 28,000 items.

United States[edit]

Walmart Neighborhood Market[edit]

As of 2008, the Walmart Neighborhood Market chain has expanded into many smaller Southern markets in the United States. Some of these stores are located relatively close to existing Walmart Supercenter stores; such examples include Newport News, Virginia; Center Point, Alabama; Mandeville, Louisiana; Cape Coral, Florida; Homewood, Alabama; Sherwood, Arkansas; Fayetteville, Arkansas; Southaven/Horn Lake, Mississippi; Kenner, Louisiana; Plano, Texas and Norfolk, Virginia. Aggressive expansion of this division is planned in the next five years.[citation needed] 5 stores were built in Wichita, Kansas. A new Hispanic oriented Walmart Neighborhood Market opened in Hialeah, Florida in early 2012, replacing a closed Circuit City location.[4]

There are also some stores opened in Wisconsin, and Beaverton, Oregon replacing a recently closed Ashley Furniture HomeStore.[5] Another store in Bellevue, Washington opened in late June 2012, replacing an old Kmart space. A Neighborhood Market opened in Wauwatosa, Wisconsin on June 20, 2012 and was the first to open in southeastern Wisconsin. Since the opening of the first store in the Wisconsin market, two additional stores opened in the Menomonee Falls & Milwaukee Area. The newest "Walmart Neighborhood Market" has opened October 2, 2013 in Mount Pleasant, Wisconsin. This will make it the fourth Walmart Neighborhood Market in southeastern Wisconsin. Two new stores in Bellevue, NE and Omaha, NE opened March 1, 2013. Additionally, a location has been announced for Levittown, New York in the former location of a Waldbaums® supermarket in Levittown Mews (which opened on July 10, 2013).

Also, a new Walmart Neighborhood Market opened January 30, 2013 in Newport News, Virginia, just a short distance away from a brand new Super Center Walmart, which will open two days later in the city. This Walmart Market will be the second Market store in the Commonwealth and is the only Walmart store in the region with a drive-thru Pharmacy. Also, a new Walmart Neighborhood Market opened March 1, 2013 in Altadena, California, despite opposition from small businesses along the Lincoln Avenue corridor as well as international grocer Super King Market because it will hurt many small businesses and it is the first Walmart (store or neighborhood market) serving the Pasadena, California area. Plus Walmart recently announced that in late fall 2013, the first Neighborhood Market in the Palm Springs, California area will open in a 45,000-square-foot building formerly owned for 21 years by Toys R Us.

Greer, South Carolina will have the latest market, opening in 2013 and currently under construction. According to The Oakland Tribune, several Walmart neighborhood markets have opened in the San Jose, California market, including a 38,000-square-foot store at Westgate Mall in the southwest section of the city which opened in October 2012, and in January 2013, a 41,000 square foot store opened in the city's Evergreen district just off Aborn Road.

A Walmart Neighborhood Market will be opened in Poplar Bluff, Missouri in the Eight Points Development.

Currently, a new Walmart Neighborhood Market has been announced in Loma Linda, California to launch in 2014.[6]

Supermercado[edit]

Walmart opened "Supermercado de Walmart" locations to appeal to Hispanic communities in the United States. These stores are similar to Walmart Markets. The first one, a 39,000 square feet (3,600 m2) store in the Spring Branch area of Houston, opened on Wednesday April 29, 2009. The store was a conversion of an existing Walmart Market.

Puerto Rico[edit]

Larger Walmart Market in Madison, Tennessee

In July 2003, Walmart acquired Amigo Supermarkets in Puerto Rico. They are very similar to Walmart Neighborhood Markets, but the name is Amigo.

Canada[edit]

In 2005, the concept rolled into Canada. Walmart opened three stores in 2006 (one in London, Ontario, and two in the Greater Toronto area), but the number could increase in the future. In Canada, Walmart Markets are connected to regular Walmarts to form Walmart Supercentres. There are now over 30 Supercentres in Canada with plans for over 100.

Argentina[edit]

In 1997, Walmart entered Argentina with one Supercenter in Avellaneda (Greater Buenos Aires). After slow growth during the following decade, a new store format was developed inspired by the neighborhood Market stores. The new stores were branded Chango Mas. Expansion followed rapidly and other smaller formats spun off this concept. As of June 2011, the store count for Chango Mas and sister stores is as follows:

  • Changomas 27
  • Changomas Express 7
  • Mi Changomas 5

There are currently 28 Supercenters in Argentina.

References[edit]

  1. ^ "2013 Annual Report". Walmart Stores, Inc. p. 61. Retrieved 2013-07-23. 
  2. ^ [1], Supermarket News, Last accessed March 13, 2008.
  3. ^ [2], Walmartstores.com: Walmart, Last accessed August 22, 2011.
  4. ^ "Hialeah Welcomes First Walmart Neighborhood Market in Miami/Dade Area" (Press release). Wal-Mart Stores, Inc. March 7, 2012. Retrieved April 20, 2013. 
  5. ^ "Walmart opening new store in Beaverton". kgw.com. March 3, 2011. Retrieved April 20, 2013. 
  6. ^ "Walmart plans to bring Neighborhood Market to Loma Linda". redlandsdailyfacts.com. March 13, 2014. Retrieved March 20, 2014. 

External links[edit]