Walmart is testing a “Walmart on Campus” store at the University of Arkansas, the same state where the retailer is based. These smaller-size versions of the discount chain run 10,000 square feet, compared to the standard 180,000-200,000 square feet. The retailer expects to open 30-40 smaller-sized stores in fiscal 2012.
This move allows the chain to expand to colleges and urban centers that previously can’t accommodate its supercenters. [Retail]
Source: Walmart, Stephen Quinn, EVP/CMO, 702 SW 8th St., Bentonville, AR 72716; 479-273-4000; blturre@wal-mart.com; www.walmart.com.
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