Someone at Wal-Mart (WMT) got into the high IQ pills. The company’s US head, Eduardo Castro-Wright, told analysts that the company would be building few stores in the future. There are so many Wal-Mart locations now that some share the same parking lot.
Wal-Mart has said it will built 170 supercenters in the next fiscal year, but that the number would decline after that.
The company also said it would favor building smaller stores. That sort of begs the question of which items Wal-Mart will cut out because of less space at these new mini-Wal-Marts. Maybe they can dispense with the check-out areas.
Douglas A. McIntyre