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Heard during Wal-Mart's (WMT +0.6%) presentation at the Raymond James Institutional Investors...

Heard during Wal-Mart's (WMT +0.6%) presentation at the Raymond James Institutional Investors Conference: 1) On store growth: 129 supercenters are planned for FY13 and ~125 for FY14 while 76 small format stores are scheduled to open in FY13 and 95-115 in FY14. 2) The small format (Express & Neighborhood Market) beats dollar stores online and in quality perception, while also helping Wal-mart beat grocers and drugstores on pricing. 3) Electronics can be moved. +700K 32-inch TVs sold (online and in stores) in Black Friday deal. 4) Innovation will pay dividends, say execs. Look for the Polaris search engine and same day delivery options to deliver results. (webcast)
Comments (2)
  • chopchop0
    , contributor
    Comments (3864) | Send Message
     
    The small-store concepts are great. They really offer a better selection than anything you'll find at DLTR or the like with the convenience of avoiding a more-involved time-consuming trip to a supercenter
    5 Mar 2013, 01:21 PM Reply Like
  • samsptl
    , contributor
    Comments (31) | Send Message
     
    Good news! As the Div 1 (gen merch) store market became matured, WMT moved to the Super Center format to satisfy the market in suburban and rural areas. Now that this market is becoming matured WMT has looked to the least intrusive way to expand into the urban marketplace. Rather than a disruption in the city neighborhood these new stores fit in and provide the customer the goods that they need day to day. They become the neighborhood store.

     

    With all the concern about reduced take home pay, energy costs, etc. and their impact on the spending of the lower and middle class consumer - we seem to overlook where many of them live and work. Some relying solely on mass transit. These are the shoppers that WMT is marketing to. In the U.S. that is the next large market segment being addressed - WMT's competition in this market is not just the Mom & Pop store - it is Dollar General, Dollar Tree, Walgreen, and CVS.

     

    Rock on Wally World!
    5 Mar 2013, 03:21 PM Reply Like
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