There are dueling articles in the Journal and Times about Walmart’s renwed interest in New York. Not to brag, but both sound a lot like an item we wrote back in September, about how the world’s largest retailer and nation’s largest employer would use the same tactics that recently succeeded in Chicago Read More
While working on our Walmart post earlier today, The Observer wondered just how much that impressive sounding $165 million was actually draining from the city’s tax coffers. We did a little poking around but to no avail. Enter our heroes at the Drum Major Institute.
They point out that the city’s total taxable Read More
The Post acquired (was given?) an analysis that says New York City residents spent $165 million last year shopping at Walmart‘s handful of stores bordering the five boroughs.
The tab argues that that money could be better spent here in the city, where it would provide tax revenue. And the stores could potentially provide Read More
So Walmart is determined once again to invade New York. Could this actually be a good thing?
The Neighborhood Retail Alliance has a detailed post up with new information about Walmart’s plans for smaller stores in the city. But it sounds like these will be grocery store/mini-mart hybrids, not big-box department stores. In Read More
Among the laments for the Death of New York is the disappearance of many of the mom-and-pops that once lined the city’s streets. As bank branches and pharmacies and Marc Jacobses have descended on the city, the small-time merchants have fallen prey. Now they may be facing their biggest threat yet, Read More
