Tuesday, September 2, 2014
Inquirer Daily News

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.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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