Wednesday, September 2, 2015

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

Build in Philly, not Russia, urges Wal-Mart analyst

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.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at,, 215.854.5194 or 302.652.2004.

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