Walmart (NYSE:WMT) will open an on-campus store at the Virginia Commonwealth University this week. The store marks the fifth on-campus format for the big-box retailer.
The 4,100-sq.-ft. location in Richmond, Virginia, is about the size of a typical convenience store, reported Richmond Times-Dispatch. It will include a full-service pharmacy, fresh produce, dairy products, meats, health and beauty aids, as well as merchandise specific to the campus.
The store will not sell beer, wine, cigarettes or lottery tickets.
Walmart isn't the first retailer to put emphasis on the importance of college campuses. Competitor Target (NYSE:TGT) has also recently begun building stores specifically geared toward college students. The company announced that it will open a TargetExpress in College Park, Maryland, this fall, adjacent to the University of Maryland.
And Barnes and Noble (NYSE:BKS) announced last spring that it would add 300 college and university-based stores nationwide.
In addition, Amazon (NASDAQ:AMZN) announced a deal of its own with three universities that will allow the company to operate co-branded websites with the schools, offering delivery services for textbooks, apparel and other items.
-See this Richmond Times-Dispatch article
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