NEW YORK — Walmart will open as many as 115 small-format stores this year, according to Bill Simon, president and CEO of Walmart U.S.
Simon discussed the chain’s store portfolio during a presentation at Raymond James Institutional Investors conference. He noted that Walmart’s smaller-format stores (below 60,000 sq. ft.) are making inroads against dollar stores, supermarkets and drug stores and will play a key role in the company's future.
“They compete really well against multiple channels,” Simon said.