More than two years after Wal-Mart's bruised chief executive wrote off opening a New York City store as not “worth the effort,” the Arkansas-based giant is back in the hunt, scouting out potential locations.
The company's search is citywide, with a focus on the outer boroughs. Executives feel the recession makes this an ideal time to enter the city.
“Now, more than any other time in recent memory, New York City residents want and need better access to our stores so they are not forced to travel to New Jersey or Long Island to benefit from the savings Wal-Mart provides for working families,” wrote a spokesman, Philip Serghini, in an e-mail message. “Hopefully we will be able to bring a store to New York in the near future.”