City Hall, By Chris Bragg, September 21, 2011. Walmart opponents will release a report today contending the Arkansas retail giant needs to build 159 stores across New York City to achieve its desired profits. The report, compiled by a labor-backed non-profit called ALIGN, and a professor from the labor-affiliated Murphy Institute at CUNY, contends that more than 100 of Walmart’s new urban “Express” stores would have to be built in New York City for Walmart to achieve a 21 percent share of the city’s grocery market.
A new study came out today from a labor-backed nonprofit called Alliance For a Greater New York (Align), and it presents a kind of doomsday scenario in which Walmart could open a whopping 159 stores in New York City. According to the study, if Walmart entered the NYC market this way, it could result in a net loss of almost 4,000 jobs, workers would lose on average 353 million dollars in wages per year, and there would be an increase in workers who must rely on public assistance to make ends meet. But how likely is this scenario? (Not very).
Gawker, By Hamilton Nolan, September 21, 2011. As we type, Wal-Mart is working hard to win approval for its very first Store Numero Uno in New York City. But according to a horrifying and hopefully untrustworthy new study, Wal-Mart would like to have 159 stores here. Gah.
Village Voice, By Rosie Gray, September 21, 2011. A new study came out today from a labor-backed nonprofit called Alliance For a Greater New York (Align), and it presents a kind of doomsday scenario in which Walmart could open a whopping 159 stores in New York City. According to the study, if Walmart entered the NYC market this way, it could result in a net loss of almost 4,000 jobs, workers would lose on average 353 million dollars in wages per year, and there would be an increase in workers who must rely on public assistance to make ends meet. But how likely is this scenario? (Not very).
New York Daily News, By Barbara Ross, September 21, 2011. A vacant Brooklyn lot that Walmart wants for its first New York City store will stay in state hands while the Cuomo administration makes sure taxpayers aren't getting ripped off. Before the recession hit, the developer, The Related Companies, had agreed to pay the state $21 million for the property. After the economy tanked, Related's appraisers claimed the site was worth only $12 million.
