Here's a look inside Wal-Mart's future
The company is making a big bet on its Neighborhood Market stores. These photos show what the fuss is all about.
Supercenters are on the decline as shoppers seek out smaller, more convenient stores.
But there's still a bright spot in its business -- the Neighborhood Market concept. Sales at the markets were up an impressive 5.6 percent.
"I think convenience is where the consumers have been looking, [especially] if you look at the Baby Boomers," Wal-Mart CFO Charles Holley said on a call with reporters Thursday.
Wal-Mart has about 400 Neighborhood Markets, compared with more than 3,300 Supercenters, notes Kyle Stock at Bloomberg Businessweek. The average store is about 20 percent the size of a Supercenter.
Big box stores are becoming irrelevant as Americans downsize and purchase big-ticket items like furniture and televisions online.
Wal-Mart's marketplace concept focuses heavily on fresh produce and groceries. While traditional Wal-Mart stores are situated on large patches of land, the Neighborhood Markets are primarily in urban areas.
Wal-Mart shared some photos of its new concept. Chances are, one will be coming to a neighborhood near you in the future.
Here's a Neighborhood Market in California. Note how the store closely resembles a Whole Foods Market:
Here's a more urban location, in Chicago:
The Neighborhood Market includes ample "healthy" displays.
There's also an emphasis on local and organic produce.
Wal-Mart is expanding the concept to more markets.
--Photos courtesy Wal-Mart
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The new "business model" = Disguise itself enough
to fool the people into thinking its NOT a Wal-Mart.
Now Walmart wants to get back into the small store? I wouldn't let them if it was up to me! More cities should stand up to them and say the same thing.
Now, are the Super Centers going to downsize? Lower the number of employees? Cut jobs??
I'm sure my town will just jump for joy and allow that Walmart to build ANOTHER building in town, so when they abandon that, it can sit and become an eyesore. NOT!
They should probably start actually hiring staff with an I.Q. higher than 70, who actually know how to work the registers as well. I went last week, and stood in the "express lane" The guy working it couldn't figure something out, so he called a coworker over, and they sat there for 20 mins. or so while they sat there trying to figure it out, and held up the line. I had already moved to the next line over, and guess what? The exact same thing happened, I looked over at the 3rd, same thing! 3 express lanes all held up because the cashiers were all absolute morons! I don't understand how all these workers think that they are entitled to raises up to 15 bucks an hour, when most of them can't even do their simple job in the first place! I got so fed up I left my cart with groceries in the line and walked out. I'm officially done for good shopping at walmart ever again! It's just not worth it!
I'm surprised the hood trash in Ferguson MO haven't looted their Wal-Mart yet. I guess their Chinese made crap isn't even good enough to steal.
Update: They did loot the store of electronic merchandise.
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