Wal-Marts in New York City? It's Looking Less and Less Likely
At least for now, it looks like Wal-Mart is deescalating its push to break into New York City's retail market.
Although the big-box chain has reaffirmed its commitment to exploring opportunities to open up stores in the city, it seems clear that the company is tampering down the capacity of its campaign.
A recent New York Times report points to the company's failed efforts to bring stores to Queens, Staten Island and most recently to the East New York section of Brooklyn as possible reasons why it may be toning down its push. The report also reveals that the retail giant ended contracts with five lobbyist consultants tied to the East New York project.
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