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.

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

Warning: Avoid becoming a telemarketing fraud victim
Warning: Avoid becoming a telemarketing fraud victim

Each year, millions of Americans fall prey to telemarketing fraud at a cost of $40 billion. However, about eight of every ten elderly people are targeted by telemarketing scams. To help you or your loved ones avoid becoming victims, Better Business Bureau says you need to do more than just hang up the phone. Telemarketing fraud occurs when a scam artist...
Is Sears and Kmart closing near you? Company issues somber notice
Is Sears and Kmart closing near you? Company issues somber notice

The parent company of Sears and Kmart warned there is “substantial doubt” that the retailers can continue to survive. The ominous warning from Sears Holdings came in an annual report filed with the Security and Exchange Commission. “Our historical operating results indicate substantial doubt exists related to the company&rsquo...
Fewer of your neighbors are losing their homes: Ohio foreclosures drop
Fewer of your neighbors are losing their homes: Ohio foreclosures drop

U.S. foreclosure activity dropped to its lowest level in more than a decade in February, aided by a steady decline in foreclosure filings in Ohio at the state and local level, according to figures released recently by real-estate market tracker, ATTOM Data Solutions. Overall foreclosure activity dropped more than 16 percent in February, compared to...
Are Sears and Kmart closing near you? Company issues somber notice
Are Sears and Kmart closing near you? Company issues somber notice

The parent company of Sears and Kmart warned there is “substantial doubt” that the retailers can continue to survive. The ominous warning from Sears Holdings came in an annual report filed with the Security and Exchange Commission. “Our historical operating results indicate substantial doubt exists related to the company&rsquo...
More development may be coming to busy Springfield shopping corridor
More development may be coming to busy Springfield shopping corridor

More retail and restaurants could be coming to one of the last remaining undeveloped lots in Springfield’s busiest shopping corridor. Powell, Ohio-based developer North Bechtle Square I Investments — which recently developed the area north of Walmart that includes a new Hobby Lobby, Dollar Tree and IHOP — has asked city commissioners...
More Stories