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In an annual shareholders meeting, Walmart reveled in its strong performance during the recession and promised further improvements in store merchandise and store aesthetics.
Of most interest to convenience store operators were two comments by Eduardo Castro-Wright, vice chairman, concerning the retailer’s sale of tobacco products and its Marketside convenience/grocery hybrid concept, currently being tested in the southwestern U.S.
Castro-Wright said the world’s largest retailer has considered-—and would continue to consider—-eliminating tobacco products from its stores. The retailer, which in recent years has become more sensitive about its public image, acknowledges selling tobacco conflicts with Walmart’s increased emphasis on health.
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