Walmart May Pursue New York Expansion
Walmart, which last year appeared to abandon plans to enter the Manhattan market, is now reportedly giving the city another look.
According to the New York Post, the discount retail giant is considering space either in Union Square or a few blocks away on Sixth Avenue in Chelsea. A company spokesman told the newspaper that while it has rejected an opportunity to move into a Union Square space formerly occupied by Circuit City and the soon-to-shutter Virgin Megastore, the company is "still interested" in entering the nation's largest market.
Then-CEO Lee Scott told the New York Times editorial board last March that he doubted the chain would ever actually open in the Big Apple, a move that has been opposed for years by the city's powerful labor unions. Scott has since retired and been replaced by Mike Duke.