Look Out, Supermarkets Wal Mart Is Hungry
When Wal-Mart Stores Inc. recently announced plans for three "experimental" grocery stores in Arkansas, industry executives shuddered. After all, only a decade ago, Wal-Mart said it was merely testing giant "supercenters" that combined food and general merchandise. Today, its supercenters number nearly 500--and after ringing up grocery sales estimated at $12 billion this year, the Bentonville (Ark.) company will rank as the country's eighth-largest grocer.
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