User:JLD at Walmart/Walmart Neighborhood Markets

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Walmart Neighborhood Market[edit]

Walmart Neighborhood Market is Walmart's chain of smaller grocery stores averaging about 42,000 square feet (3,900 square metres), about a fifth of the size of a Walmart Supercenter.[1] The first Walmart Neighborhood Market opened in 1998, yet Walmart renewed its focus on the smaller grocery store format in the 2010s.[2]

The stores focus on three of Walmart's major sales categories: groceries, which account for about 55 percent of the company's revenue;[3] pharmacy; and, at some stores, fuel.[4] For groceries and consumables, the stores sell fresh produce, deli and bakery items, prepared foods, meat, dairy, organic, general grocery and frozen foods, in addition to cleaning products and pet supplies.[1][5] Some stores offer wine and beer sales[1] and drive-through pharmacies.[6] Some stores, such as one at Midtown Center in Bentonville, Arkansas, offer made-to-order pizza as well as tables and seating.[6] Customers can also use Walmart's site-to-store operation and pick up online orders at Walmart Neighborhood Market stores.[7]

Products at Walmart Neighborhood Market stores carry the same prices as those at Walmart's larger supercenters. A Moody's analyst said the wider company's pricing structure gives the chain of grocery stores a "competitive advantage" over competitors Whole Foods, Kroger and Trader Joe's.[4]

Neighborhood Market stores expanded slowly at first as a way to fill gaps between Walmart Supercenters and Discount Stores in existing markets.[8] In its first 12 years, the company opened about 180 Walmart Neighborhood Markets.[8] By 2010, Walmart said it was ready speed up its expansion plans for the grocery stores.[8] As of January 31, 2017, there were 699 Walmart Neighborhood Markets,[9][10] each employing between 90 and 95 full-time and part-time workers.[11]

References[edit]

  1. ^ a b c Peterson, Hayley (27 October 2015). "What it's like to shop at Walmart's store of the future, which is becoming a threat to Whole Foods and Trader Joe's". Business Insider. Retrieved 16 March 2016.
  2. ^ Loeb, Walter (16 June 2014). "Why Walmart suddenly thinks smaller is better". Forbes. Retrieved 16 March 2016.
  3. ^ Fox, Emily Jane (31 January 2013). "Wal-Mart: The $200 billion grocer". CNNMoney. Retrieved 16 March 2016.
  4. ^ a b Peterson, Hayley (4 July 2015). "What it's like inside Wal-Mart's new marketplace that's a threat to Whole Foods and Trader Joe's". Business Insider. Retrieved 16 March 2016.
  5. ^ Mossman, John (20 June 2012). "Walmart unveils five new Neighborhood Markets in Denver area". Denver Post. Retrieved 16 March 2016.
  6. ^ a b Gute, Melissa (12 November 2015). "Neighborhood Market opens in Midtown Center". Arkansas Democrat-Gazette. Retrieved 16 March 2016. While most Neighborhood Markets have a drink bar and a few have a pizza program, this market also has a seating area where people can eat lunch, Kirk said. It's an amenity included because of location. The pizza program allows customers to either select pre-made pizzas or build their own and have them oven-baked there in 5 minutes. The market has 31,000 square feet and includes a deli and bakery. It offers fresh produce, meat and other groceries, according to a news release. It also includes a pharmacy with a drive-thru window.
  7. ^ Stark, Rachel (21 May 2012). "Walmart Neighborhood Market, first on West Coast, opens Firday in West Linn". The Oregonian. Retrieved 16 March 2016.
  8. ^ a b c Birchall, Jonathan (14 October 2010). "Walmart takes smaller format path to growth". Financial Times. Retrieved 16 March 2016. With about 180 stores, the retailer has focused on using them to fill in between Supercenters in areas such as Dallas, Las Vegas and Orlando, rather than to develop new markets.
  9. ^ Cite error: The named reference Information for Walmart Investors: Unit Counts & Square Footage was invoked but never defined (see the help page).
  10. ^ Cite error: The named reference Unit Counts by Country was invoked but never defined (see the help page).
  11. ^ Darrow, Dennis (31 August 2015). "Walmart to build Neighborhood Market". Pueblo Chieftain. Retrieved 16 March 2016.
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