May 09, 2010 – LONDON — Walmart is planning to open a smaller version of its large Supercenter store format in the Los Angeles area, one of the first of a new breed of smaller stores that it hopes can deliver a new phase of U.S. growth, according to an FT.com article.
The retailer leased a 75,000-square-foot location in Torrance formerly occupied by Mervyn's, a regional department store chain that went bankrupt in 2008 as the U.S. economy worsened.
The site is less than half the size of most of Walmart's Supercenters, which average about 185,000 square feet, and will sell groceries alongside general goods.
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