{"id":30705,"date":"2014-09-09T10:20:57","date_gmt":"2014-09-09T14:20:57","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=30705"},"modified":"2014-09-09T10:20:57","modified_gmt":"2014-09-09T14:20:57","slug":"wal-mart-stores-inc-nysewmt-to-establish-new-supercenter-store-in-memphis","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/wal-mart-stores-inc-nysewmt-to-establish-new-supercenter-store-in-memphis-30705","title":{"rendered":"Wal-Mart Stores, Inc. (NYSE:WMT) To Establish New Supercenter Store In Memphis"},"content":{"rendered":"<p style=\"text-align: justify;\">Dallas, Texas 09\/09\/2014 (ustradevoice) \u2013<strong> Wal-Mart Stores, Inc. (NYSE:WMT)<\/strong> is planning another <a href=\"http:\/\/www.bizjournals.com\/memphis\/news\/2014\/09\/08\/wal-mart-plans-new-supercenterstore-in-memphis.html\" target=\"_blank\">Supercenter<\/a> store in Memphis, but the company would not discuss the plans just yet. However, people with insider knowledge said that the plans for such a facility are underway, almost to an advanced stage. Although the retailer already has a number of stores around the area in which the Supercenter will be located, experts believe that there are no threats that the Supercenters in Memphis would cannibalize the surrounding stores.<\/p>\n<p style=\"text-align: justify;\"><strong>35 Acres For New Supercenter<\/strong><\/p>\n<p style=\"text-align: justify;\">It is reported that Wal-Mart has spent nearly $4 million to acquire several properties that total 35 acres off Interstate 40. The parcel of land has been earmarked for the development of the retailer&#8217;s sixth Supercenter store within the Memphis city area. Usually, the Supercenters measure 200,000 square feet, and they employ between 200 \u2013 300 people.<\/p>\n<p style=\"text-align: justify;\">While Wal-Mart Stores, Inc. (NYSE:WMT) officials declined to comment on the latest property acquisitions in Memphis city, a company spokesperson said that they always look out for a new location so that they can make shopping more convenient and even affordable for their customers. However, the spokesperson said they have not announced plans for a new store in Memphis.<\/p>\n<p style=\"text-align: justify;\"><strong>No Negative Impact<\/strong><\/p>\n<p style=\"text-align: justify;\">According to Danny Buring, the managing partner of The Shopping Center group, sales at Wal-Mart Stores, Inc. (NYSE:WMT)&#8217;s stores surrounding the Supercenters have been strong. That means that the new Supercenter that is being rumored will not have a negative impact on the sales of existing stores.<\/p>\n<p style=\"text-align: justify;\">Like most other retail operators, Wal-Mart Stores, Inc. (NYSE:WMT) is actively looking for ways to boost its revenue amid softness in consumer spending and a decline in store traffic. The company is particularly trying to fend off competition from the online rivals such as <strong>Amazon.com Inc. (NASDAQ:AMZN)<\/strong>. That is why in addition to boosting its brick-and-mortar store presence, Wal-Mart Stores, Inc. (NYSE:WMT) is also increasing its online footprint to catch up with online shoppers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dallas, Texas 09\/09\/2014 (ustradevoice) \u2013 Wal-Mart Stores, Inc. (NYSE:WMT) is planning another Supercenter store in Memphis, but the company would not discuss the plans just [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":15698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1750,2118,717,801,1914,3329],"stock_ticker":[],"class_list":["post-30705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-amazon-com-inc-nasdaqamzn","tag-amazon-com-inc","tag-nasdaqamzn","tag-nysewmt","tag-wal-mart-stores-inc-nysewmt","tag-wal-mart-stores-inc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wal-Mart Stores, Inc. 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