Wal-Mart's Urban Renewal

It looks like Wal-Mart might be moving beyond the rural. On Apr. 4, the company announced plans to build stores in distressed urban areas. That may do something to help its beleaguered image, and experts say it makes good business sense as well, because major retailers have long avoided those markets. That means Wal-Mart (WMT) will face less competition from rivals in them.

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