WAL-MART HAS HIGH HOPES FOR MARKET FORMAT

FAYETTEVILLE, Ark. (FNS) -- Wal-Mart Stores, Bentonville, Ark., gave a big vote of confidence to its Neighborhood Market format, stressing that the concept will become a major player for the company."We're not huge yet, but we will be," said Tom Schoewe, Wal-Mart chief financial officer, referring to the mass retailer's conventional supermarket format. "We are testing Neighborhood Markets just as

FAYETTEVILLE, Ark. (FNS) -- Wal-Mart Stores, Bentonville, Ark., gave a big vote of confidence to its Neighborhood Market format, stressing that the concept will become a major player for the company.

"We're not huge yet, but we will be," said Tom Schoewe, Wal-Mart chief financial officer, referring to the mass retailer's conventional supermarket format. "We are testing Neighborhood Markets just as we did supercenters to make sure we have everything right."

Schoewe was speaking

Register to view the full article

Already a member? .

TAGS: Walmart