Walmart tapping new market
Small-format store in store for Gentry, likely for Gravette
Wednesday, March 2, 2011
Walmart’s latest store format will be springing up in Prairie Grove, Gravette and Gentry.
The retailer plans to build 15,000-square-foot stores in each town.
Gary Davis, owner of Sterling Drug in Prairie Grove, said adding new businesses is good.
“The more businesses, the more traffic you get,” he said.
Davis said whenever a new business comes to town you lose a few customers, but most return when the newness factor wears off.
Bill Simon, president and chief executive officer of Walmart U.S., introduced the small-format Walmart Express store during Tuesday’s earnings release. He said the first Express stores would open in the second quarter, which runs from May 1 to July 31.
Walmart spokesman Steven Restivo ...
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News, Pages 1 on 03/02/2011