Walmart will launch its new Walmart Express small store format this week after showing the first store to media gathered in Arkansas for the company’s Annual Shareholders' Meeting.The store is located in Gentry, a rural town with a population of around 3,000.
Walmart Express stores will be around 15,000 sq ft and will carry 11,000-13,000 SKUs, compared to 100,000 at the big-box outlets.
Ready meals and other fresh food feature prominently, but a small range of non-food is also available. Anthony Hucker, Vice President of Strategy and Business Development at Walmart US, said some stores will feature gas stations and most will have pharmacies.
Hucker explained that rural towns are not the only place where Walmart sees growth opportunities for the Express concept, as the retailer plans to open about 15 to 20 Walmart Express locations this year both in rural markets in Northwest Arkansas and North Carolina as well as in urban areas of Chicago.
Source: Planet Retail
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