Yo, Wal-Mart Gears Up For Urban Markets

Wal-Mart is gearing up to move into urban markets like Chicago and Los Angeles, the Financial Times reports.

Bill Simon, CEO of Wal-Mart's U.S. business, has said expansion plans will be outlined next month.

The FT reports Wal-Mart ( WMT - news - people ) has begun looking for sites for smaller format stores in urban markets including Chicago, Los Angeles, Sacramento, Reno and Detroit. The sites Wal-Mart has been considering are in the range of 20,000 to 50,000 square feet.

The newspaper noted that while Wal-Mart's 185,000 square feet supercenter is its most profitable format, it has been testing 10,000 and 20,000 square feet stores in Arizona, and is also developing a smaller version of the supercenter.

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- Posted: 2010-09-20 22:41:02

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