Wal-Mart Scoping Former Mervyn’s Spaces in Southern California
May 10, 2010
Wal-Mart is opening up a mini-version of its Supercenters in in-fill markets in Southern California. It has signed a lease to take over a former 75,000SF Mervyn’s. The typical Supercenter is 150K+ SF. The company is also testing even smaller-format 10-20K sites in various parts of the country.
The decision to “downsize” in in-fill markets is one which makes a lot of sense. It not only opens up opportunities for them, but also likely allows them to come under less attack than they otherwise would when opening up large format stores. Many cities have passed ordinances limiting the big-box format.
The Business Journal also featured an article on the former Mervyn’s sites recently as well.
[via Financial Times]
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