Wed Sep 09 14:55:06 -0400 2009

Time (New York)

- Walmart loves to shock and awe. City-sized stores, absurdly low prices ($8 jeans!) and everything from milk to Matchbox toys on its shelves. And with the recession forcing legions of stores into bankruptcy, the world’s largest retailer now apparently wants to take out the remaining survivors.

Joseph Feldman, retail analyst at Telsey Advisory Group, estimates that each store costs Walmart between $25 and $30 million. In order to continue the momentum that it has picked up during the retail recession, over the next five years the company plans to remodel 70% of its approximately 3,600 U.S. stores.

To view the full article, download the PDF here: Time, September 9, 2009