Walmart (NYSE:WMT) announced it would change the name of its Walmart Express stores and integrate them with the Walmart Neighborhood Market brand. Both are smaller formats with fewer products, and the retailer believes both brands serve similar missions for their shoppers.
Moving forward, Express stores that open will now fall under the Neighborhood Market brand, reported Supermarket News. The company will also change the names of the existing 21 Express stores.
While Neighborhood Market stores are around 38,000 sq. ft., more than double the size of the 12,000-sq.-ft. Express format, the two carry similar products. Shoppers use both stores as fill-in grocery stops, last-minute meal pickups and for prescription refills.
The decision comes seven months after the retailer announced it would expand Express units beyond the initial pilot program. The first Express store debuted in 2011.
Walmart announced in February that it would rev up expansion of all small-format stores. The retailer planned to build 270 to 300 small stores in 12 months, doubling its initial prediction of 120 to 150. This includes the growth of the Neighborhood Market, Express and the Walmart To Go brands.
-See Supermarket News article
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