Moody's Sees Wal Mart's Neighborhood Market Format Likely to Accelerate Grocery Dominance
SEAFOODNEWS.COM [SeafoodNews.com] - June 26, 2015 -
A Moody's report says that Wal-Mart's Neighborhood Markets offer a compelling source of new sales growth for Wal-Mart Stores, Inc. And despite strategic shifts to compete more successfully with the company, traditional supermarkets will feel the pressure as Walmart moves to increase its already dominant share of the US grocery segment.
Walmart opened 23 Neighborhood Market stores in the US during the first quarter of this year, bringing the total to 645.
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