Newspaper article The Florida Times Union

Wal-Mart Plans to Open 300 New Stores Worldwide

Newspaper article The Florida Times Union

Wal-Mart Plans to Open 300 New Stores Worldwide

Article excerpt

BENTONVILLE, Ark. -- Wal-Mart Stores Inc., the world's largest retailer, plans to open more than 300 stores worldwide next year in one of the company's most ambitious expansion plans.

In a separate move, Wal-Mart has closed down its e-commerce site and said it won't reopen for "a few weeks."

The Bentonville-based company said yesterday it plans to add to its traditional discount stores, Supercenters, Neighborhood Market grocery stores, and Sam's Club discount warehouse stores in the United States or in countries where it currently does business.

Next year, Wal-Mart will open about 40 new discount stores and 170 to 180 new Supercenters in the United States. The company said it was speeding up its Supercenters expansion because of their popularity.

A majority of the new Supercenters, which combine traditional Wal-Mart discount stores with grocery operations, will come from the relocation or expansion of existing discount stores; the remainder will be new Supercenters in new locations.

The company plans to almost double the number of its Neighborhood Markets stores, adding 15 to 20 next year, and add 40 to 50 Sam's Clubs, about half of those relocations or expansions of existing clubs. Some 100 Sam's Clubs will be remodeled.

In addition, Wal-Mart International will open 100 to 110 stores. Stores will open in each of the countries where Wal-Mart currently operates, and will include discount stores, Sam's Clubs and some relocations. …

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