Wal-Mart weighs 'hundreds' of new inner-city stores: report

Reports that Wal-Mart is planning "dozens" of new stores in New York and Chicago suggest that Wal-Mart will eventually build "several hundred new stores" in those cities plus "Los Angeles, Philadelphia, San Diego," and other big cities, writes Janney Capitla Markets analyst David Strasser. "Every major city could have smaller-format stores."

Strasser says building American will give Wal-Mart "higher productivity, higher margins, and better return on capital," vs. more speculative lplans to expand in Africa, India, China, and Brazil. He applauded Wal_Mart's recent move to close its Russia office, "where there is no clear precent or strategy" to boost profits.