Walmart makes push for South Florida market share

Miami /
Sep.September 17, 2012 09:45 AM

It isn’t for lack of demand that mega-retailor Walmart is just now beginning to expand across South Florida. According to the Miami Herald, the Walmart supercenters in Hialeah Gardens and Doral regularly rank within the top three to five Walmarts in the U.S.; yet in terms of South Florida grocers, Walmart ranks third in market share behind Winn-Dixie and Publix.

But Walmart’s position among South Florida’s grocery vendors may soon change. Walmart is currently set to invest $380 million in South Florida over the next two years. It is also making efforts to push into the downtown Miami market, opening its first urban Miami location at 6991 SW Eighth Street in Flagami, the site of the former Everglades Lumber store.

“They’re really trying to make a statement in South Florida,” Jimmy Tate, the developer of the Everglades Lumber yard Walmart Neighborhood Market, said. “They’ve definitely been missing the boat in the past, but now they’re really focused down here. Walmart is looking to increase its presence here across the board. I think they’re going to challenge a lot of the local supermarkets.” [Miami Herald] — Christopher Cameron


Related Articles

arrow_forward_ios
Jorge and Jon Paul Perez with a rendering of the project (Getty, Related Group)
Related wins approval for another Wynwood mixed-use multifamily project
Related wins approval for another Wynwood mixed-use multifamily project
Cobblestone Commons at 8767 Boynton Beach Boulevard (Google Maps)
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
The Shoppes of Oakland Forest (Rich Commercial Group)
Shopping center in Oakland Park sells for $11M
Shopping center in Oakland Park sells for $11M
BridgeInvest's Alex Horn and Rieber Developments' Bernardo Rieber with a rendering of the project 
Rieber lands $15M loan for Aventura mixed-use project
Rieber lands $15M loan for Aventura mixed-use project
Arnaldo Bomnin and 8525 South Dixie Highway (Google Maps)
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
21046 Commercial Trail, Boca Raton (Google Maps, iStock)
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
2195 Northwest 103rd Street (Google Maps, iStock)
Four South Florida gas stations sell for $15M
Four South Florida gas stations sell for $15M
Nautical Ventures Marine CEO Roger Moore and Holman Automotive CEO Brian Bates with 1400 South Federal Highway (Google Maps)
Holman sells former Fort Lauderdale BMW dealership for $6M
Holman sells former Fort Lauderdale BMW dealership for $6M
arrow_forward_ios

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

Loading...