Thursday, February 12, 2009

Wal-Mart eyes Chicago expansion: report

From Reuters, well we already know they're expanding their push especially since we know that our neighborhors to the west in the 21st is likely to be one of the next sites where Wal-Mart will set up shop:
Wal-Mart Stores Inc is mounting a new push to expand in Chicago, hoping its promises of jobs and sales tax dollars will prove more tempting in a recession than when city leaders first rebuffed the discount chain earlier this decade, the Wall Street Journal said.

The world's largest retailer, which so far has been able to build only one store in the third-largest city in the United States, hopes to open a half-dozen more in the coming years, the paper said, citing the company and politicians familiar with the plans.

It has been heavily courting Chicago leaders and is studying a dozen potential sites, the paper added.

The company now sees the Windy City as a potential proving ground for urban development strategies it could later bring to other resistant markets, including New York and Los Angeles, the Journal said.
Via Gaper's Block!

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