You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

breaking news

Fireworks recall underway over ‘burn hazard,’ could explode unexpectedly

Wal-Mart seeks to tether small stores to big ones


By Anne D’Innocenzio

AP Retail Writer

NEW YORK (AP) — Wal-Mart Stores Inc. plans to open more small stores as it links them to its supercenters, which will serve as mini-warehouses for their smaller cousins.

The plans, announced at the retailer’s annual investor meeting, come as the world’s largest retailer faces increasing pressure from online retailers like Amazon.com as well as dollar stores, which have been rapidly adding locations and winning customers with low prices and convenience.

Wal-Mart expects to roll out the new distribution scheme in the first of three markets in March, though it declined to say where. It is testing some of the aspects of the plan in areas like Gentry, Ark., where it operates a Wal-Mart Express store, which is one-tenth the size of a typical supercenter.

The retailer operates more than 4,000 stores in the U.S.

In the short term, Wal-Mart, based in Bentonville, Ark., is trying to rev up business at its namesake stores in the U.S., which has been weakening because of an uncertain economy.

The company said that heading into the holiday shopping season it’s trying to make sure the the right inventory is in stock and is being more aggressive about discounting across the store.

U.S. Wal-Mart stores, which account for 59 percent of the company’s total sales, reported a 0.3 percent decline in revenue at stores open at least a year in the second quarter. That marked the second straight quarter of declines in a key revenue figure after six consecutive quarters of increases. Revenue at stores open at least a year is considered an important measure of a retailer’s performance because it removes the effect of adding stores.

Adding in Sam’s Club and international stores, revenue at stores open at least a year was flat compared with a year ago. It rose 1.7 percent at Sam’s Club.


Reader Comments ...


Next Up in Business

FOOD DEAL: Starbucks buy one, get one free offer starts today
FOOD DEAL: Starbucks buy one, get one free offer starts today

If you’re a serial Starbucks coffee date canceler, this week is the week to reschedule! Starting today at 2 p.m., Starbucks everywhere are offering a ‘buy any grande iced espresso and get one FREE’ until 5 p.m. Those GRANDE concoctions full of caffeine will give you and your coffee buddy plenty of time to catch up, without...
U.S. to see lowest average Independence Day gas prices since 2005
U.S. to see lowest average Independence Day gas prices since 2005

Drivers hitting the road for the July 4 holiday weekend may see some of the lowest Independence Day gas prices since 2005, paying an average of $2.21 per gallon, well under the 10-year average of $3.14, according to GasBuddy.   Even though average gas prices are at historic lows, the price variance "spread" in industry parlance...
RANKING: Top 10 list of retailers includes 9 in this area
RANKING: Top 10 list of retailers includes 9 in this area

In a changing shopping landscape, retailers are fighting each other to stay relevant to consumers through shopping innovation — and 10 of them are doing it better than all the rest. The nation’s largest retailers have held onto their top spots by focusing on value and embracing new ways consumers are shopping, according to the annual Top...
Two Ohio-made vehicles on top American-made cars index
Two Ohio-made vehicles on top American-made cars index

Two vehicles made in Ohio have made Cars.com’s 2017 “American-made” index for top American-made cars. The vehicles are the Jeep Wrangler — including the Wrangler Unlimited four-door model — and the Jeep Cherokee, both made in Toledo, and the Acura RDX, which is made in East Liberty. RELATED: Fuyao celebrates opening...
Ohio gas prices increase
Ohio gas prices increase

DAYTON —  Average retail gasoline prices in Dayton have risen 9.1 cents per gallon in the past week, averaging $2.18 per gallon on Sunday, according to GasBuddy's daily survey of 391 gas outlets in Dayton. This compares with the national average that has fallen 2.6 cents per gallon in the last week to $2.25 per gallon, according to gasoline...
More Stories