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New York City Weighs Option of a Wal-Mart in Five Boroughs
Published on Dec 20, 2010
Read 'New York City Weighs Option of a Wal-Mart in Five Boroughs' at 'Time to Start Up,' the small business blog by BizFilings.
The country's largest retailer is boosting its efforts to gain access to the country's largest city: New York City. Shrugging off a string of rejections by various labor unions and small business advocacy groups, Wal-Mart is currently speculating locations throughout the Big Apple's five boroughs.
Utilizing a different approach and a willingness to work with a smaller franchise structure than the retail giant is used to, company spokesman Steven Restivo told the New York Times that Wal-Mart has not given up on New York.
"There is a business case to be made for our growth in large cities across the country," he said. "We know we have customers there, and we know we want to make access to our brand more convenient."
But opponents maintain that a Wal-Mart in New York City will destroy local small business - a sector that many regions of the city depend on for employment and retail entrepreneurship.
Arturo Payambs, owner of a Compare Supermarkets in Brooklyn, is one of these owners who claims that forming a company in his area would be compromised by the proximity of a Wal-Mart.
"It's like David and Goliath … We're just a small business. We cannot compare with the prices," he told the New York Daily News.