Walmart is considering acquiring retailers with smaller stores, the company told investors at a Bank of America conference. The retailer last month reported it would open 30-40 small stores this year at an accelerated pace, since sales in its home market have been sluggish. Yesterday the location for the first ‘Express’ outlet was revealed as a site in Arkansas near the retailer’s Bentonville headquarters.President and CEO of Walmart’s U.S. division, Bill Simon said: “We don't like anybody else's business enough to acquire it right now; what we really want to do is to get our business in the right shape so that we can roll it out with gusto... And once we've got it in the right shape, an acquisition could certainly be a way to accelerate that."
Source: Planet Retail
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