Report: Wal-Mart Needs Smaller Format

Wal-Mart's recent sales struggles are not about merchandise or pricing but rather an outdated store fleet, according to a new report from Customer Growth Partners.

NEW CANAAN, Conn. — Wal-Mart's recent sales struggles are not about merchandise or pricing but rather an outdated store fleet, according to a new report from Customer Growth Partners here.

According to CGP's study, Wal-Mart's flat second quarter sales — and 1.8% same-store sales decline — were due to customer shopping trip attrition to smaller and more convenient shopping formats including drug and dollar stores.

"Wal-Mart's U.S. store fleet is designed for yesterday's

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