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Is your community on Wal-Mart’s list?

| Written by Stacy Mitchell | No Comments | Updated on Nov 16, 2005 The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/your-community-walmarts-list/

A leaked memo shows Wal-Mart plans to open or expand 484 stores in the U.S. this year. That’s about 100 more stores than the company had previously disclosed and totals about 90 million square feet of retail.

Earlier this year CEO Lee Scott asked the company’s executives to speed up the siting and construction of new stores in anticipation of more communities adopting zoning ordinances that restrict big-box development.

“We could be three or four times bigger in the U.S. In our five-year plan, we don’t reach saturation,” Scott told reporters, explaining that the company will continue to put its resources into opening supercenters for now, returning later to blanket areas between supercenters with its 45,000-square-foot Neighborhood Market stores.

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About Stacy Mitchell

Stacy Mitchell is co-director of the Institute for Local Self-Reliance, and directs its Community-Scaled Economy Initiative, which produces research and analysis, and partners with a range of allies to design and implement policies that curb economic consolidation and strengthen community-rooted enterprise.  She is the author of Big-Box Swindle and also produces a popular monthly newsletter, the Hometown Advantage Bulletin.  Connect with her on twitter and catch her TEDx Talk: Why We Can’t Shop Our Way to a Better Economy. More

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