Friday, March 20, 2009

NEW CONCEPT WALMART FOR HOUSTON TEST MARKET

Retail powerhouse hungry for Hispanic share
Houston Business Journal - by Allison Wollman

Wal-Mart Stores Inc. is planning to open its first Hispanic-focused supermarket this summer in Houston as the retail giant continues to expand its dominance in the grocery industry.
As part of Bentonville, Ark.-based Wal-Mart’s store refresh program, the company is converting two existing 39,000-square-foot Wal-Mart Neighborhood Markets — one in Phoenix and one in Houston — to Hispanic-oriented grocery stores.
These two stores, which are located in Hispanic communities, will open during the first half of the year under the name Supermercado de Walmart.
Wal-Mart said in a statement that the stores will feature a new layout, signing and product assortment designed to make them relevant to Hispanic customers. The staff will also be bilingual. For more information see ; www.houstonrealtyadvisors.com or www.houstonrealtyadvisors.net