Niche Stores Won’t Help Wal-Mart
Wal-Mart (WMT) is thinking of opening a number of high-end stores, focusing on the grocery business. According to The Wall Street Journal "one idea calls for urban convenience stores less than a tenth of the size of the company’s supercenters."…
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Wal-Mart (WMT) is thinking of opening a number of high-end stores, focusing on the grocery business. According to The Wall Street Journal "one idea calls for urban convenience stores less than a tenth of the size of the company’s supercenters."
The stores may end up being a great success and they may get a toe-hold for the company in some large cities that will not allow Wa-Mart’s massive SuperCenters.
But, the take management’s focus of the real problem-Wal-Mart sales in the US have flattened. For a company with $86 billion in quarterly revenue, even hundreds of smaller stores are not a drop in the bucket.
Wal-Mart needs to stick to the knitting.
Douglas A. McIntyre
Nuc
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
