Wal-Mart Neighborhood Market

Infobox_Company
company_name = Wal-Mart Neighborhood Market
company_
company_type = Grocery
foundation = 1998
location = Bentonville, Arkansas
industry = Retail
products = Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor
revenue = $4.8 billion USD (2007) [http://supermarketnews.com/profiles/walmart_stores/] , "Supermarket News", Last accessed March 13, 2008.]
homepage = None

Wal-Mart Neighborhood Market is 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 November 30, 2007, there were 128 Neighborhood Markets in the United States." [http://investor.walmartstores.com/phoenix.zhtml?c=112761&p=irol-irhome Corporate Profile] ." "Wal-Mart." Retrieved on November 10, 2006.] While Wal-Mart introduced its new logo in 2008, this chain bears the old 1992-2008 Wal-Mart logo.

History

First opened in 1998, Neighborhood Markets range around 40,000 square feet, 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.

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.

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.

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 Homewood, Alabama, Sherwood, Arkansas, and Southaven/Horn Lake, Mississippi Lexington, Kentucky.

References

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External links

* [http://www.walmart.com Wal-Mart official website]