Wal-Mart eyes New York again
The world's largest retailer is looking at locations in Greater New York, according to a report.
By Jeanine Poggi, TheStreet
Speculation about Wal-Mart (WMT) opening stores in New York City has been floating around for years -- and now it might finally happen.
The discount giant has been scouting locations, which include a shopping center in Jamaica Bay, Brooklyn, according to Dow Jones Newswires.
Wal-Mart has already tried to nab locations in Queens and Staten Island, but failed. The world’s largest retailer has faced opposition in New York from labor unions and small businesses.
Bentonville, Ark.-based Wal-Mart is scheduled to report first-quarter earnings on May 10. The company’s shares have gained 12% during the past year, trailing the 40% advance of the S&P 500 Index ($INX).
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The solid report comes a month after the retailer closed all of its Canadian operations.
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