Are you always in search of where to buy quality food stuffs at affordable prices? Do you have difficulties getting around supercenters because of how vast they are? Well in this post “Walmart Neighborhood Market” we bring to you a solution. We also look at What is Walmart Neighborhood Market? And History of the market. As well as the Advantages of Shopping in Walmart Neighborhood Market and it’s disadvantages.
Walmart is an Intercontinental sales company founded by 2 brothers, Sam and James “Bud” Walton in 1962. They manage a group of outlets in the United States as well as a few grocery stores. The company was embodied under Delaware General Corporation Law in 1969 and has it’s headquarters at Bentonville, Arkansas. Walmart has about 10,586 stores worldwide according to research in October 31, 2022. They deal mostly with products like food, drinks, clothing, groceries, jewelry, electronics but to mention few.
Over the years, Walmart has gone by several names. Some of which includes; Walmart Discount City (1962-1969), Walmart Inc. (1969-1970), Walmart Stores Inc. (1970-2018). However, before Walmart, the brothers managed a store called Walton’s Five and Dime in their hometown, Rogers Arkansas. Walmart has about 3 divisions. They are Walmart U S, Walmart International Sam’s Club as well as Global e-commerce.
According to the Fortune Global 500 in October 2022, Walmart was recognized as the largest retail company by revenue. In addition to being the Largest retail company, it is also the company with the highest number of private employees. Walmart is controlled by the Walton Family, at least over half of the company. Although Walmart is recognized as one of the biggest companies in the world, they have had a couple of failures. While places like UK, China and South America has seen massive growth, Germany, Japan and Korea are a whole different story.
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What is Walmart Neighborhood Market?
A Neighborhood Market is a small retail establishment that deals with the sales of prepackaged food items as well as well as house hold items and soft drinks. Neighborhood Markets are basically simpler versions of grocery stores only with limits on Alcoholic products. They are retail establishment that run on a 18 hour scale as maximum and is easily accessible by pedestrians.
Walmart Neighborhood Market is basically a subset of Walmart Stores that was introduced few years back. They are basically simpler and less formal versions of the widely recognized Walmart Stores. In lay man term, Walmart Neighborhood Market is can be said to be Walmart’s attempt at owning traditional grocery stores. As at last year, there were about 800 of these Markets that spans across USA. All of these markets have unique running hours depending on their various locations. However, estimatedly, the Markets opens at about 6AM and closes at 11PM.
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History of Walmart Neighborhood Markets
The initiative to start Walmart Neighborhood Markets was first brought up in 1988 and indeed started. However, as the years went by, the idea wasn’t doing as well as the Walton brothers would like. After several other trials, it was decided that the project be scrapped and focus directed at growing the Walmart Stores
However, following several trial and errors, the initiative was brought back up in 2011 but with the name Walmart Express. Walmart Express began doing really well and had a few more branches opened in several parts of U.S. In 2014, it was eventually changed to Walmart Neighborhood Market with stores at about 269 locations. However following the low income revenue by the company, 102 locations of the Neighborhood Market were shut down. The company decided to re group and focus on the growth of the supercenters as well as optimizing Neighborhood Markets. They also made lots of conscious effort to grow their e-commerce business and also introduce pick up services for its customers.
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Regrouping of Walmart
Following the end of fiscal in 2017, Walmart could boast of 38 supercenters as well as the 21 converted discount stores thereby making it a total of 59 supercenters. They also opened about 69 Neighborhood Markets, 8 Sam’s Clubs and 177 International locations as well. However despite these successes, it was discovered that Walmart began closing some of its Neighborhood Markets locations. In 2018 they closed down about 8 locations and are still in the business of closing more till date. When asked for the reason, Walmart claims it’s subsidiary, Walmart Neighborhood Market, is not doing as well as they had hoped it would. Because a Neighborhood Market only sells limited number and types of groceries, Walmart is still struggling to pinpoint what exactly its customers want.
Currently, the company is still closing down Neighborhood Market location across the U.S. They have also temporarily seized the launching/opening of a new Neighborhood Market location.
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Advantages of Shopping in Walmart Neighborhood Market.
- Affordability: Food products and groceries in the neighborhood market are quite affordable and healthy as well. You don’t need to break the bank to get what you want.
- Price comparison: You have the liberty of comparing prices of two similar products before making a choice. You barely have this luxury at the Supercenter.
- Customer service: Walmart Neighborhood Market offers amazing customer service as you can find an attendant to help you out. The attendants at this traditional Market can help you find what you need quickly and easily.
- Ready made foods: If you are a busy person, then this is a major advantage for you. At Walmart Neighborhood Market, you can easily get healthy pre-made food and easy to use kits.
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Disadvantages of Shopping at Walmart Neighborhood Market
- Crowd: Because of the low price of products, the Walmart Neighborhood Markets are always crowded. If you are in the clock and need to get your items quickly, it is advised that you get there early enough.
- Low-quality foods: Walmart Neighborhood Markets are majorly location in rural areas. This means that the cost of food around will be relatively cheap, however, with low quality. Do not think food sold at the Neighborhood Market are not healthy, they are…they just don’t compare to food gotten at the Supercenter.
- Limited Products: Because of the size of a Neighborhood Market, you may not be able to get everything that you need at the store. Walmart Neighborhood Market basically offers the essentials that could be needed for survival.
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What kind of products can be found at Walmart Neighborhood Market?
Walmart Neighborhood Market have very healthy food products though they come is a much smaller package than your regular supermarket. However, the upside to this is that the prices equally corresponds to the package. It is also important to remember that Walmart Neighborhood Markets don not hold or offer as much products as Walmart supercenters.
You can purchase the following products at Walmart Neighborhood Market. They are;
- Meat and Fish
- Dry fish
- Canned foods
- Alcohol (In permitted areas)
- Over the counter drugs etc.
Unlike Walmart supercenter, the smaller counterpart do not offer the following:
- Auto parts etc.
Difference between Walmart Neighborhood Market and Walmart Supercenter
As earlier stated, Walmart Neighborhood Market is a small retail store usually found in rural areas. It is usually smaller than a regular supermarket. However Walmart supercenter on the other hand, is a much larger store variation that has almost every single product on sale. Walmart Supercenter is way bigger than your everyday grocery store.
Here are some of the major differences between Walmart Neighborhood Market and Walmart Supercenter.
Size: We have already established that Walmart Neighborhood Market is a much smaller outlet as compared to the Supercenter. Thus this is a very notable difference.
- Types of Products: while Walmart Neighborhood Market sells basic grocery items, Walmart Supercenters have almost every thing you can think of in store.
- Area Located: Most Walmart Neighborhood Markets can be found in rural and suburban areas. This is because they are much more affordable for consumers around there. Walmart Supercenters however, are located majorly in urban parts of the state.
Price of goods: Obviously as a result of location difference, size and types of products sold, prices are bound to vary. While the latter, WNM is on the cheaper side, its supercenters are more expensive.
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Who are the Primary Customers of Walmart Neighborhood Market?
Walmart Neighborhood Market are majorly targeted at people living in rural and suburban areas. The ones who don’t have much, yet want to get healthy products at affordable prices. If you’re working on a budget as well, Walmart Neighborhood Market is your best bet.
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The employee Experience at Walmart Neighborhood Market
As at January 2022, Walmart had about 2,300,000 workers, some of whom have been laid off obviously. This lay off is as a result of the closed location operation in motion. However, interactions have shown that this subset of the company actually treat their workers really well. They have several benefits attached to their person just for being a Walmart. The three major Benefits enjoyed by Wal-Mart workers as follows;
- Physical well-being benefit
- Emotional well-being benefit
- Financial well-being benefits.
Walmart also offers an insanely high amount of money to its workers. It has been discovered that Walmart has repeatedly given the high amount of wages to its associates. This simply means that payments to each employee would always keep rising and we will continue to do so. Walmart also give bonuses and additional payments to its workers if they have been of outstanding character.
In addition to all of these Walmart also offers an insanely luxurious amount of insurance with workers. They also have a very flexible work schedule And an unlimited paid time off when they take leaves. For employees with children they also offer free childcare for their shifts. Walmart also have retirement plans for its workers and associates as well as free meals during lunch hours.
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Can I order my groceries online and have them delivered?
There are definitely delivery services at Walmart Neighborhood Markets. This development started in 2017 when Walmart was trying to figure out what works and what doesn’t. So basically with the Walmart app, you can make your order online and your groceries with be delivered to your location.
Walmart Neighborhood Market is basically a simpler kind of grocery store as compared to the Supercenters. Unlike the supercenters, they only offer basic grocery items and basic day to day needs. It is however important to note that despite the importance of this outlet, Walmart has been closing down some areas over the past 6 years. Follow our website and drop a comment if you need further enlightenment.
See also: https://www.grocerydive.com/news/walmart-to-close-8-neighborhood-markets/551265/