Walmart Eyeing New York Again
Walmart, which two years ago publicly gave up on opening a store in New York City, is looking again at putting stores in the Big Apple. According to Crain's New York Business, the chain is scouting locations, mostly in the outer boroughs.
After years of attempts that were opposed by local politicians and unions, then-CEO Lee Scott told the New York Times editorial board in 2007 that the company was giving up on a New York move. But the company, now under Scott's successor Mike Duke, has apparently had a change of heart, brought on by the weak economy.
A company spokesman told Crain's that the company wants to give New York residents, who presently have to drive to New Jersey or Long Island, easier access to its stores.