Retail

Wal-Mart (WMT) Wants To Build Fewer Stores

Someone at Wal-Mart (WMT) got into the high IQ pills. The company’s US head, Eduardo Castro-Wright, told analysts that the company would be building few stores in the future. There are so many Wal-Mart locations now that some share the…

By Douglas A. McIntyre
Published October 23, 2007, 2:11pm ET · 1 min read

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Someone at Wal-Mart (WMT) got into the high IQ pills. The company’s US head, Eduardo Castro-Wright, told analysts that the company would be building few stores in the future. There are so many Wal-Mart locations now that some share the same parking lot.

Wal-Mart has said it will built 170 supercenters in the next fiscal year, but that the number would decline after that.

The company also said it would favor building smaller stores. That sort of begs the question of which items Wal-Mart will cut out because of less space at these new mini-Wal-Marts. Maybe they can dispense with the check-out areas.

Douglas A. McIntyre

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Douglas A. McIntyre

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.

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