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recent news List articles |
2006-02-20 Wal-Mart discount stores are slowly disappearing. Over the past 5 years, Wal-Mart has shut down 35.3 million square feet of discount stores. Since 1999, Sprawl-Busters has monitored Wal-Mart’s abandoned stores. These are stores the company leaves behind to build bigger stores—what the company likes to call “dark stores.” Last year, for example, we reported that Wal-Mart had 356 dead stores, with 26.69 million square feet of empty space on the market. At that time, 31% of these dead stores were over 100,000 s.f. As of February, 2006, Wal-Mart Realty is still sitting on a colossal amount of dead air. A total of 310 stores in 38 states are on the list of “available buildings”, a total of 24.39 million square feet, or roughly 508 football fields of empty stores. The top ten states in 2006 with empty Wal-Mart’s are as follows: What you can do: According to the company’s SEC filings, between 2000 and 2005, Wal-Mart closed down a net of 35.305 million square feet of discount stores. In terms of discount store count, in 2005, Wal-Mart had 1,353 discount stores, or 448 fewer discount stores than the retailer had in 2000. The company’s number of discount stores began rolling backwards around 1995. In the past 5 years, Wal-Mart has closed the equivalent of 735 football fields worth of discount stores. |
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info@sprawl-busters.com |
Voter Campaigns 21 Grinnell St, Greenfield ~ MA 01301 (413) 772-6289 |