New Wal-Mart Format Takes on Tesco in Arizona

Wal-Mart Stores may put a crimp in Tesco's volume growth, beginning in the Phoenix area, if it follows through with reported plans to open a scaled-down version of its Neighborhood Markets format there later this year, analysts told SN.

BENTONVILLE, Ark. — Wal-Mart Stores here may put a crimp in Tesco's volume growth, beginning in the Phoenix area, if it follows through with reported plans to open a scaled-down version of its Neighborhood Markets format there later this year, analysts told SN. Although Wal-Mart officials declined to confirm speculation that the company will open smaller-format stores later this year, Deborah Weinswig, an industry analyst with Citigroup Global Markets, New York, told SN that Wal-Mart sources

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