City residents flock to suburban Walmarts in record numbers

New York /
Sep.September 20, 2011 10:25 AM

Despite political opposition to Walmart, many New Yorkers are growing more willing to welcome the store into their city. New figures reported by Crain’s show local politicians may have 7.7 million reasons to follow suit.

Sales to New York City residents in suburban stores are up 10 percent from a year ago, and city dwellers are on pace to spend $215 million at the area’s stores this year. That would translate to at least $7.7 million in sales tax revenue alone, experts said.

The largest gain came from Manhattan, whose residents are on pace to spend $65.1 million at Walmart stores, up 26 percent from 2010. (The figures come from in-store sales from January through May). New York City is also the top market for online sales at Walmart.com.

The store is currently considering a site in East New York, Brooklyn owned by the Related Companies. One big obstacle could be presented by Hunts Point Market, whose operators and supporters fear would be forced to relocate outside the city, thanks to competition from Walmart, which traditionally sources its produce from cheaper outlets. [Crain’s]


Related Articles

arrow_forward_ios
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)
Related is the latest developer to target the Rockaways
Related is the latest developer to target the Rockaways
Clockwise from left: Stefan Soloviev, Steve Cohen, Marc Holliday, Stephen Ross, Steven Roth, and Joseph Sitt (Illustration by Kevin Rebong for The Real Deal)
Going for the jackpot: A look at the high rollers competing to build NYC casinos
Going for the jackpot: A look at the high rollers competing to build NYC casinos
Mark Zuckerberg with 55 and 30 Hudson Yards
Meta to cut Hudson Yards office space
Meta to cut Hudson Yards office space
From left: Ilitch Holdings' Chriistopher Ilitch and Related Companies' Stephen Ross with 2250 Woodward Avenue
Ilitch, Ross propose $1.5B Detroit development
Ilitch, Ross propose $1.5B Detroit development
Related Companies' Stephen Ross with One Flagler, 360 Rosemary, and 515 Fern (Getty, Related Companies)
Mapping out Steve Ross’ South Florida empire
Mapping out Steve Ross’ South Florida empire
Mayor Eric Adams, Related Companies' Stephen Ross and Sterling Equities' Fred Wilpon with a rendering of the soccer stadium (The Related Companies, Sterling Equities, Getty)
Related, Sterling to develop Queens soccer stadium, hotel, 2,500 apartments
Related, Sterling to develop Queens soccer stadium, hotel, 2,500 apartments
From left: Related Companies’ Stephen Ross, Sterling Equities’ Fred Wilpon, and Willets Point in Queens (Getty, Jim.henderson/Public domain - via Wikimedia Commons)
Related, Sterling file first plans for Willets Points housing
Related, Sterling file first plans for Willets Points housing
A photo illustration of Related Companies' Stephen Ross along with 514 West 36th Street (left) and 517 West 35th Street (right) in Hudson Yards (Getty, Google Maps)
Related files plans for Hudson Yards office tower
Related files plans for Hudson Yards office tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...