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Walmart goes for convenience with newest format

The world's largest retailer goes small in its latest venture

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Small is mighty, or at least that’s what retail behemoth Walmart hopes as it builds its first convenience store in the town where the company is based.

The store expected to open this spring, is being constructed in Bentonville, Ark., and is the first convenient format for Walmart.

VIEW: Walmart on Campus store gallery

A Walmart spokesperson told the local newspaper that the company paid $4.5 million in September for the 2.01-acre site.

The spokesperson said in a report that the store, which is different than the retailer’s current Walmart Express small-format, offers customers a quick and easy solution for gas, snacks and beverages and other staples like milk, bread and eggs.

READ: Retailers testing larger c-store formats

The company said there are no other plans to build more convenient stores at this time.

To read full story, go here.

It also operates three Walmart on Campus 2,500-square-foot, college-based convenience-type stores as part of a separate small-format test. They are located at the University of Arkansas in Fayetteville, Arizona State University in Tempe and the Georgia Institute of Technology in Atlanta.

Company executives have repeatedly indicated that they are pleased with the performance of the current small-format tests, and that they are committed to expanding such formats.

Wal-Mart Stores currently operates approximately 3,100 Supercenter locations and about 250 Walmart Neighborhood Markets, along with the Walmart Express and Walmart on Campus outlets.

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