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Article: Wal-Mart Realty Says Reputation for Dodging Retailers Overblown.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 25, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Richard Mize, The Daily Oklahoman Knight Ridder/Tribune Business News
Oct. 25--Wal-Mart Realty's reputation for dodging other retailers that want to buy or lease closed-down Wal-Marts is overblown and outdated, its realty representatives said.
The first thing the retail giant does when it puts darkened stores on the market -- those shuttered after a Supercenter opens -- is try to find another retailer, spokesman Keith Morris said.
Target Corp. probably need not apply. Wal-Mart didn't become the biggest retailer on the planet by making things easy for its direct competitors, and Morris said the way Wal-Mart deals with each building it ...